Zhenguo Li has stepped down from his position as LONGi’s president
He will continue to lead the company’s R&D efforts and as CTO of the Technology Management Center
Li has been replaced by the group Chairman Baoshen Zhong as the legal representative
Zhenguo Li, the founder and president of one of the world’s largest solar PV companies LONGi Green Energy Technology, has resigned with immediate effect.
Li will now focus on LONGi’s research and development (R&D) efforts and scientific research, stated the company board in a stock exchange notification. He will continue to serve as the president of the company’s Central Research Institute and chief technology officer (CTO) of the Technology Management Center.
He has ceased to be the legal representative of the company, and has been replaced by the group Chairman Baoshen Zhong.
Li majored in semiconductor materials at Lanzhou University and completed MBA diploma from Xi’an Jiaotong University in 2004. He founded LONGi, previously known as Xi’an Xinmeng Electronic Technology, in February 2000. The company has since then expanded, becoming one of the top 3 solar module suppliers globally (see Top 10 Solar Module Manufacturers Ship 502 GW In 2024).
LONGi’s betting heavily on back contact (BC) and is optimizing its proprietary Hybrid Passivated Back Contact (HPBC) technology. The company claims to have achieved up to 24.8% in mass production efficiency for its HPBC 2.0 modules, and aims to reach 28.5% BC cell and over 26% module efficiency within the next 3 years to 5 years.
By the end of 2025, it targets to achieve 50 GW of BC solar cell and 50 GW BC module production capacity. It will account for over 25% of the company’s total module shipment projections of 80 GW to 90 GW for the current year, according to the company’s technology roadmap.