English
中文
STOCK CODE:688680

HIUV to Increase the pace of investment tenfold in India by 2026 as Part of Global Expansion Strategy

Views: Date:2025-11-04

In a bold move that underscores India’s rise as a global solar manufacturing powerhouse, HIUV, one of the world’s leading photovoltaic encapsulation film manufacturers, has announced plans to increase the pace of investment tenfold in India by 2026. This decision aligns with India’s ambitious renewable energy goals and its strategic shift towards localized manufacturing in response to global supply chain realignment and clean energy security initiatives.

HIUV’s international expansion has rapidly gained momentum, with significant progress across three continents. Its U.S. and Turkey production lines—developed in collaboration with technology partners—have entered the installation and trial production phases, signaling the company’s readiness to serve key global markets with localized production capabilities.

The next major milestone in HIUV’s global strategy is India.

India: The Strategic Engine of Global Solar Growth

With India now ranking as the world’s second-largest photovoltaic manufacturing nation after China, the country has emerged as a strategic battleground for global solar supply chains. The Indian government’s renewed focus on the ALMM (Approved List of Models and Manufacturers), incentives for domestic production, and recent trade investigations into imported films have collectively accelerated demand for local manufacturing infrastructure.

Recognizing this shift, HIUV has signed its first contract with an Indian customer. Its first Indian manufacturing facility is expected to commence operations in 2026.

“India is not just a market—it is the future manufacturing hub for the global solar industry,” said Max Xia, Deputy General Manager of HIUV Co., Ltd. (688680.SH). “We plan to increase the pace of investment tenfold in India to meet rising demand, support local industry growth, and ensure stable supply for module manufacturers.”

Localized Manufacturing: The HIUV Playbook

HIUV is leveraging a model that has proven successful in the United States and Europe:
“China R&D Headquarters + Global Technology Sharing + Local Industrialization + Joint Venture Manufacturing.”

This approach enables HIUV to:

Bypass global trade barriers

Reduce logistics costs and lead times

Customize products for high-efficiency modules suited to local climatic conditions

Build long-term partnerships with domestic manufacturers under the “Make in India” initiative

 Global Progress: U.S. and Turkey Facilities Near Operational Launch

 

United States:
The production line developed with HB Fuller has entered trial production. Once fully commissioned in 2026, it will cater to the fast-growing North American solar market, reducing dependency on Asian imports and strengthening domestic energy security.

 

Turkey:
Serving as a gateway to Europe, the Middle East, and Africa, the Turkey facility will become HIUV’s strategic manufacturing hub for emerging and established solar markets across three continents. Equipment has already arrived and trial production has begun, with full operations expected in 2026.

 

India Facility: Building the Backbone of Solar Manufacturing Ecosystem

HIUV’s upcoming Indian facility will integrate equipment manufacturing, product development, technical services, and localized management, ensuring end-to-end support for module manufacturers.

“Our objective is not just to supply film—it is to empower the Indian solar ecosystem,” said Jitin Rai Khanna, General Manager, HIUV India.
“We are committed to providing localized technical services and long-term strategic collaboration to meet India’s rapidly evolving renewable energy needs.”

 

Why This Matters for the Indian Solar Industry

Boosts self-reliance under the government’s Atmanirbhar Bharat initiative

Reduces import dependence amidst rising anti-dumping duties

Accelerates ALMM compliance for module manufacturers

Enables cost efficiencies and faster product delivery

Supports technological upgradation for high-efficiency module formats (TOPCon, HJT, Perovskite tandem)

With demand for encapsulation films projected to surge in line with India’s 500 GW renewable energy target by 2030, HIUV’s investment is timely and transformative.

 

A Defining Moment for Solar Manufacturing

HIUV’s strategic entry into India signifies more than just business expansion—it is a clear indicator of the global industry's confidence in India's role as the next epicenter of solar manufacturing. By combining global research expertise with local production, HIUV is poised to play a catalytic role in accelerating the energy transition not just in India, but across Asia and beyond.

 

For Partnership Enquiries

jrk@hiuv.com
Jitin Rai Khanna – General Manager, HIUV India: jrk@hiuv.com