As of today, China boasts over 1,000 solar factories strategically located across various regions, including provinces such as Jiangsu, Zhejiang, and Guangdong. China is the largest market in the world for both photovoltaics (PV) and solar thermal energy. Its PV capacity crossed 1,000 gigawatts (one terawatt, 1 TW) in May 2025. In 2024, China added 277 gigawatts (GW) of solar power. China's Manufacturing Monopoly Creates Global Vulnerabilities: With 80-85% of global solar panel production concentrated in China, the industry faces significant supply chain risks from geopolitical tensions, natural disasters, and trade disruptions. Domestic demand surges as the energy transition accelerates, 4. Export capabilities strengthen, notably across Asia and Europe. China has invested over USD 50 billion in new PV supply capacity – ten times more than Europe − and created more than 300 000 manufacturing jobs across the solar PV. The photovoltaic industry will increasingly develop towards "global manufacture and global selling", Yicai reported on Thursday. The pattern of "made in China, sold worldwide" is now facing a great challenge, said Gao Jifan, chairman of Trina Solar Co, a leading Chinese photovoltaics company. Setting up a factory within this ecosystem means direct access to materials, specialized equipment, and a deep pool of experienced technicians and engineers.