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Wired News – JA Solar Expands Presence in South Korea by Setting Up New Subsidiary

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LONDON, UK / ACCESSWIRE / June 15, 2018 / If you want access to our free research report on JA Solar Holdings Co., Ltd. (NASDAQ: JASO) ("JA Solar"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JASO as the Company's latest news hit the wire. On June 13, 2018, the Company announced that it has established a new subsidiary in South Korea to further expand its presence in the region. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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With the establishment of its subsidiary in South Korea, JA Solar can enhance its influence in the South Korean market, and further expand its global footprint.

JA Solar has been Selling Solar Cells in South Korea Since 2001

In 2001, JA Solar entered the South Korean market, supplying solar cells to its customers. With excellent product quality, JA Solar has gained significant recognition from customers, and built a solid customer base over the years. In November 2016, the Company was successfully awarded the Korean Industrial Standards (KS) module certification, which validated that its products fully complied with the national certification standards in South Korea. Subsequently, JA Solar officially entered the South Korean market, providing solar modules to local customers.

JA Solar has leveraged its strong reputation in the South Korean market to build close business relationships with a number of well-recognized Companies, including KT, GS Group, Hyundai Group, SK Group, Posco Group, ETA Solar, etc.

New Subsidiary will Enable JA Solar to Enhance its Brand Awareness and Become a Leading Solar Module Supplier in South Korea

Commenting on the announcement, Baofang Jin, Chairman and Chief Executive Officer (CEO) of JA Solar, stated that the Company has over 20 branches across the globe. The Company is optimistic about the prospects and business outlook in the South Korean solar market, and believes its new subsidiary will enhance its ability to provide timely and superior customized services to the customers in the region. Jin added that the new subsidiary will also enable JA Solar to enhance its brand awareness and become a leading solar module supplier, and further contribute to the development of renewable energy in South Korea.

JA Solar Formed Partnership with Manitu Solar to Expand Presence in Eastern European Markets

On January 25, 2018, the Company formed a partnership with Manitu Solar, which is a leading PV distributor in Hungary, to expand its reach to the Eastern European markets. Manitu Solar has a solid experience in developing ground-mounted and rooftop projects, and works exclusively with global Tier-1 suppliers to provide the highest quality products. Under the terms of the partnership agreement, Manitu Solar would distribute JA Solar's solar modules. The partnership is likely to accelerate the deployment of green energy in Hungary and other Eastern European countries.

About JA Solar Holdings Co., Ltd

Founded in 2005 and headquartered in Shanghai, China, JA Solar is a world leading manufacturer of high-performance solar power products that convert sunlight into electricity, for residential, commercial, and utility-scale power generation. JA Solar, which is also the world's top cell producer since 2010, has firmly established itself as a leading module supplier.

Stock Performance Snapshot

June 14, 2018 - At Thursday's closing bell, JA Solar's stock slightly dropped 0.14%, ending the trading session at $7.06.

Volume traded for the day: 214.83 thousand shares.

Stock performance in the past twelve-month period – up 13.69%

After yesterday's close, JA Solar's market cap was at $330.48 million.

Price to Earnings (P/E) ratio was at 7.04.

The stock is part of the Technology sector, categorized under the Semiconductor - Specialized industry. This sector was up 0.8% at the end of the session.

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