China's Growatt inaugurates solar inverter factory in Vietnam

Chinese firm Growatt announced today the inauguration of the first phase of its factory in Vietnam where it will be producing solar and storage inverters, as well as storage batteries.

The new facility is located in Haiphong and is planned to be expanded to achieve the capacity to produce 500,000 units of inverters and 100,000 units of batteries a year. The construction of the plant is part of Growatt’s strategy to grow its operations globally, according to chairman and CEO David Ding.

"We've been investing heavily in globalizing our distribution and service networks over the years, and now we move to open this factory in Vietnam to boost our production capacity and strengthen our capability to deliver reliable and quality products to customers," Ding stated.

Growatt ranked third in the chart of photovoltaic (PV) inverter vendors for the year 2021, Wood Mackenzie unveiled last summer.

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