GoodWe Officially Announces Opening of Manufacturing Facility in Vietnam

HAI PHONG, Vietnam, March 14, 2024 /PRNewswire/ -- GoodWe, a leading player in the solar energy industry, has officially commenced operations at its manufacturing plant in Vietnam. Representing a global milestone, the new facility marks the third in the company's manufacturing network.

Covering approximately 14,800 square meters and divided into two phases, the factory will initially specialize in the production of grid-tied and hybrid inverters. Upon reaching full operational status, Phase I's production lines are expected to achieve an annual capacity of 5GW.

Michael Mendik, Country Manager of GoodWe USA & Canada, expressed his enthusiasm for the factory's readiness. He said, "In the North American market, our primary focus is on residential, commercial and industrial sectors. Local production in Vietnam will enhance our price competitiveness and elevate our service offerings, ensuring the timely delivery of high-quality products tailored to the diverse needs of our customers."

The factory, drawing upon over a decade of GoodWe's inverter manufacturing expertise, has fully integrated advanced inverter manufacturing technology and implemented rigorous quality control systems. A range of intelligent manufacturing techniques, including quality traceability and digital monitoring, has been incorporated to ensure the quality and excellence of products.

Daniel Huang, Founder and CEO of GoodWe, said, "We are dedicated to establishing an overseas benchmark factory, showcasing operational excellence, and replicating success across our global markets in the future. The positive impact of this milestone is also on GoodWe's innovation capabilities and its contribution to job creation in the local Vietnamese market."

He also said that this move exemplifies GoodWe's commitment to strengthening its global brand image. "With the opening of the Vietnam factory, we look forward to cultivating expanded customer cooperation opportunities across the key markets such as United States and ASEAN countries, and beyond."

GoodWe is a world-leading PV inverter manufacturer and smart energy solution provider listed on Shanghai Stock Exchange. The company has nearly 5,000 employees worldwide and installations in over 100 countries and regions. GoodWe offers an extensive range of products and solutions tailored for residential, commercial and industrial, and utility-scale PV systems, delivering reliable and high-performance solutions across its entire portfolio. In 2021, GoodWe was recognized as one of the top three hybrid inverter suppliers worldwide by Wood Mackenzie.