Texas government, Mission Solar plans to transform its existing warehouse in the local solar manufacturing plant into an Elite Solar (US) production plant . The estimated cost is USD 15 million (about RMB 0.45 million 10059, USD 1 ≈ 6.
The Chinese name of Elite Solar in the news is Wuxi Boda New Energy Technology Co., Ltd. (Hereinafter referred to as "Boda New Energy"). According to the company's official website, Boda Xinneng was founded in 2005. Global production bases have been established in Vietnam, Indonesia, Egypt and the United States, covering silicon wafers, batteries and
public information, Mission Solar, founded in 2014, is an American company owned by OCI, a Korean photovoltaic company, which is mainly responsible for the production and manufacture of photovoltaic modules in the U.S. market.
In fact, before that, OCI and Boda Xinneng had already cooperated. In 2025, OCI Holding announced the acquisition of Boda New Energy's 2 plant in Vietnam, which is currently jointly owned by the two sides.
However, some people in the industry have asked Digital New Energy DataBM. But there is also speculation that it may be a battery production line , after all, Mission Solar disclosed as early as two and a half years ago. It plans to add new battery capacity here. In February
2024, Mission Solar announced plans to expand its San Antonio, Texas, campus (formerly Brooks Air Force Base) to increase module capacity to 1GW. To this end, the company has completed 200000 square meters of plant expansion.
Then in March 2025, Mission Solar announced plans to invest 2.
However, local media reported that Sam Martens, president of Mission Solar, had previously disclosed that the above battery construction plan had not been further implemented. According to the official website
of Boda Xinneng, the company is headquartered in Singapore and currently has three manufacturing bases in Vietnam, Indonesia and Egypt. According to Digital New Energy DataBM.
Digital New Energy DataBM. Com, when combing the company's production capacity, it found that. The company had built at least 1GW
From the above information, it is not difficult to see that Boda Xinneng is mainly engaged in photovoltaic overseas market. As Boda Xinneng publicly disclosed its performance, DataBM
data showed that Boda Xinneng achieved sustained growth in the third quarter of 2021 to 2025. In the past four years, the net profit has changed from a loss of 76 million yuan to a net profit of more than 500 million yuan , and the total assets of the company have also increased from 870 million yuan in 2021 to 47. By the third quarter of 2025, the net assets of Boda Xinneng had reached 1.803 billion yuan, an increase of 42 compared with the end of 2024.
, Sanchao New Material, a photovoltaic A-share listed company, announced that. At that time, Zou Yuyao, the company's actual controller, and Liu Jianxun, a shareholder holding more than 5% of the shares, signed an equity transfer agreement with Wuxi Boda Unity Technology Co., Ltd. (Hereinafter referred to as "Boda Unity"). On the same day, the two sides also signed the Voting Rights Waiver Agreement.
Sanchao New Material said that the controlling shareholder of the company will be changed to Boda Unity, and the actual controller will be changed to Liu Jingqi. It is worth noting that Boda Unity is a holding platform company, mainly through the holding subsidiary Boda Xinneng to carry out investment business
in new energy-related industries such as photovoltaic and energy storage. In November 2025, Sanchao New Material announced that the controlling shareholder of the company was changed to Boda Unity, and the actual controller was changed to Liu Jingqi. Then in December 2025, Liu Jingqi became the chairman and legal representative of Sanchao New Material.
According to the 2025 annual report of Sanchao New Material, Liu Jingqi has led the "Boda Department" personnel to the management of Sanchao New Material.
With the encirclement and interception of various policies and measures, the situation of Chinese photovoltaic enterprises in the US market is becoming increasingly difficult. In recent years, these companies have been forced to sell their assets in the United States and withdraw strategically from the U.S. market, compared with the upsurge of Chinese photovoltaic factories in the United States around 2023.
At present, the U.S. market still has a considerable profit margin which is much higher than other regions. Although it is difficult to go to the United States, how to continue to "get a share" is still the research focus of many photovoltaic enterprises going to sea, and many enterprises have found a chance in the "crack". For example, some enterprises sell their factories for equity investment, some seek local partners, reduce their shareholdings and achieve win-win situation, and some, like Boda Xinneng, achieve "indirect way to save the nation".
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