SHANGHAI and MUNICH, June 19,
2020 /PRNewswire/ -- JinkoSolar Holding Co., Ltd.
("JinkoSolar") (NYSE: JKS), one of the largest and most innovative
solar module manufacturers in the world, today responded to the
Regional Court of Düsseldorf's recent determination concluding that
third-party cell technology contained in certain JinkoSolar
modules, no longer in production, infringes a patent held by Hanwha
Q CELLS. JinkoSolar believes the Düsseldorf court came to an
erroneous conclusion and will appeal the decision. JinkoSolar is
also challenging the Hanwha patent's validity at the European
Patent Office ("EPO").
Importantly, the scope and impact of the Düsseldorf court's
decision is limited to Germany.
Additionally, the decision relates to third-party cells included in
older versions of JinkoSolar-branded modules which are no longer in
production. As such, the decision has no impact on current
JinkoSolar customers, and JinkoSolar may continue to import and
sell modules that use its own cell technology to customers in
Germany.
"We respectfully disagree with the recent decision of the
Düsseldorf court, which did not take any independent expert
evidence and based its decision on one sided allegations," said
Kangping Chen, CEO of JinkoSolar.
"We continue to believe that Hanwha's claims are without merit and
were brought solely to slow down our business momentum. We will
pursue all legal avenues to vigorously defend against Hanwha's
claims, including contesting the validity of the patent associated
with the cell technology in question. Providing JinkoSolar's
customers with industry-leading solar modules remains our top
priority and we will continue to work tirelessly to achieve that
end."
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative
solar module manufacturers in the world. JinkoSolar distributes its
solar products and sells its solutions and services to a
diversified international utility, commercial and residential
customer base in China,
the United States, Japan, Germany, the United
Kingdom, Chile,
South Africa, India, Mexico, Brazil, the United
Arab Emirates, Italy,
Spain, France, Belgium, and other countries and regions.
JinkoSolar has built a vertically integrated solar product value
chain, with an integrated annual capacity of 17.5 GW for mono
wafers, 10.6 GW for solar cells, and 16 GW for solar modules, as of
March 31, 2020.
JinkoSolar has over 15,000 employees across its 7 productions
facilities globally, 14 overseas subsidiaries in Japan, South
Korea, Vietnam,
India, Turkey, Germany, Italy, Switzerland, United
States, Mexico,
Brazil, Chile and Australia, and global sales teams in
China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi
Arabia, Tunisia,
Morocco, Kenya, South
Africa, Costa Rica,
Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri
Lanka, Thailand,
Vietnam, Poland and Argentina.
To find out more, please see: www.jinkosolar.com
Safe-Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends, "plans," "believes," "estimates" and similar statements.
Among other things, the quotations from management in this press
release and the Company's operations and business outlook, contain
forward-looking statements. Such statements involve certain risks
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks is included in
JinkoSolar's filings with the U.S. Securities and Exchange
Commission, including its annual report on Form 20-F. Except as
required by law, the Company does not undertake any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
For investor and media inquiries, please contact:
In China:
Ripple
Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: ir@jinkosolar.com
Christian Arnell
Christensen
Tel: +86-10-5900-2940
Email: carnell@christensenir.com
In the U.S.:
Ms. Linda
Bergkamp
Christensen
Tel: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE JinkoSolar Holding Co., Ltd.