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TCL Zhonghuan Announces Strategic Acquisition of DASOLAR to Accelerate the Development of a Vertical Integration Driven by N-type PV Technology

On Jan. 17, 2026, TCL Zhonghuan Renewable Energy Technology Co., Ltd. announced its intention to acquire a controlling stake in DASOLAR Co., Ltd. as a strategic move to integrate high-value assets beyond a materials-supplier model.
The deal aims to integrate operations and supply chains to strengthen supply-chain resilience and operational efficiency for long-term growth at TCL Zhonghuan Renewable Energy Technology Co., Ltd. and DASOLAR Co., Ltd. .
TZE brings G12 wafer and N-type process expertise, while DASOLAR excels in TOPCon cell and module performance, ranking second in 2024 shipments, according to industry observers.
Post-Acquisition, the firms plan to co-establish an innovation platform to explore BC cells and perovskite tandem technologies, while industry observers expect three strategic synergies but caution success will require time to validate execution.
Analysts note the emphasis on technological roadmap synergy over simple scale, as TCL Zhonghuan Renewable Energy Technology Co., Ltd. could become one of the few full-stack PV groups globally.

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TCL Zhonghuan Announces Strategic Acquisition of DASOLAR to Accelerate the Development of a Vertical Integration Driven by N-type PV Technology

TIANJIN, China, Jan. 17, 2026 /PRNewswire/ -- TCL Zhonghuan Renewable Energy Technology Co., Ltd. ("TZE") has recently announced its intention to acquire a controlling stake in DASOLAR Co., Ltd. ("DASOLAR"). This transaction strategically enhances TZE's end-to-end capabilities along the N-type…

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