Media365
With the US still its most profitable market as of 2025, Canadian Solar ring-fenced its operations last year into a separate joint venture, CS PowerTech, while localising supply chains. The move, backed by manufacturing plants in Texas and Indiana, is aimed at meeting tighter trade rules and preserving market access.
“Hong Kong is more suitable for us to further develop non-US international markets,” said Yan Zhuang, a board director at Canadian Solar and president of CSI Solar, a Suzhou-headquartered unit that was spun off and listed on Shanghai’s Star Market in 2023, and accounts for about 85 per cent of the group’s total assets.
Hong Kong already serves as the group’s international coordination centre, with many overseas entities registered in the city. Canadian Solar now planned to deepen its use of Hong Kong for financing, contract execution and international business support, while gradually adding functions such as data operations and selected research capabilities, Zhuang said.
