China's Tongwei unveils buyout plan in new polysilicon-consolidation move

By MLex Staff ( February 26, 2026, 07:44 GMT | Insight) -- One of the world’s largest polysilicon producers, Tongwei, plans to acquire smaller rival Qinghai Lihao Clean Energy, marking a fresh consolidation move in the polysilicon sector weeks after China’s top competition regulator warned against coordinated industry conduct. The announcement follows a Jan. 6 meeting in which China’s State Administration for Market Regulation summoned the China Photovoltaic Industry Association and six major polysilicon producers after receiving multiple complaints since 2025 alleging that companies used “self-discipline” as a cover to push up polysilicon prices. One of the world’s largest polysilicon producers, Tongwei, plans to acquire smaller rival Qinghai Lihao Clean Energy, marking a fresh consolidation move in the polysilicon sector weeks after China’s top competition regulator warned against coordinated industry conduct....

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