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TSL241220C00012000
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BloombergChina’s Trina Solar Looks to Double Down on US Factory Investments
(Bloomberg) -- China’s Trina Solar Co. is considering setting up a factory in the US to produce the cells that are used to make solar panels, as Washington raises trade barriers on imports. Most Read from BloombergWells Fargo Fires Over a Dozen for ‘Simulation of Keyboard Activity’Tesla Investors Get Behind Musk’s Fight for $56 Billion Pay DealApple to ‘Pay’ OpenAI for ChatGPT Through Distribution, Not CashHunter Biden Was Convicted. His Dad’s Reaction Was Remarkable.Luxury Labels Slash Prices 5
ReutersExclusive-China's Trina Solar plans $400 million Vietnam plant after US sanctions - sources
Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, three people familiar with the matter told Reuters, a move that would boost exports to the United States following punitive duties to be imposed on products it makes in Thailand. Trina, one of the world's biggest solar panel makers by sales, would invest $400 million in the plant that would span 25 hectares of industrial land. Another person who was involved in discussions with the company said Trina had flagged $600 million in possible investment in Vietnam.
