JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), a reputable solar module manufacture in the world, today announced that according to media reports, Hanwha Q Cells this week filed actions against Jinko in the US ITC, US District Court of Delaware, and Germany’s regional Düsseldorf court. The actions follow the rapid growth of solar energy in the US and German markets where Jinko has been successful.
Based on Jinko’s preliminary analysis of Hanwha’s complaints and the asserted patents, the Company believes that the complaints are without technical or legal merit. Jinko, therefore, categorically refutes Hanwha’s allegations.
Jinko is working closely with its legal counsel and technical advisors to vigorously defend against the claims made by Hanwha. The company is considering all legal avenues available, including petitioning for the invalidity of Hanwha’s alleged patents. Jinko looks forward to prevailing in court. Jinko fully respects intellectual property rights and encourages healthy competition, but it will take legal action to defend itself, its clients, and its partners.
Jinko does not expect any disruption to its normal operations arising from this matter. JinkoSolar has been allocating substantial resources to R&D over many years, and has broken world records for cell efficiency. Jinko will strive to maintain its market leadership in solar module supply to the US and EU markets, providing its customers with high quality products and timely delivery.