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Market Challenges in USA

Willis HeChina Sunergy (CSUN) USA

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Legal Hurdles for Entering the US

• We are warmly welcome to do business in United States. • There are few legal hurdles,

except some legal and administration work just like China.

• However, trade petition>>>

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Trade Petitions Come from A Few of Bankruptcies

• August 15, 2011: Evergreen filed bankruptcy.

• August 31, 2011: Solyndra filed bankruptcy.

• September 8th, 2011: FBI raided on Solyndra that received $535M money loan guarantee from US government.

• Technical failures and political blame

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US Solar Industry is Its Victim

• Solyndra represents US solar industry.• 1603 is abused.• Solar is corrupted.• Obama administration and democratic

party are under attack by republic party.

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Chinese Manufacturers are its Victim

• Eventually Solarworld and other 7 US panel manufactures filed trade petitions again Chinese module manufacturers including countervailing and antidumping on October 19, 2011.

• US DOC announced 3%~5% countervailing tariff on Chinese cell panel on March 26th.

• The antidumping tariff will be announced on May 18th that is supposed to higher than the countervailing tariff.

• However, 2% cannot represent 98%>>>

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2% cannot represent 100%

• Eventually Solarworld and other 7 US panel manufactures represent only 2,000 solar employees.

• There are 100,000 solar employees in solar industry.

• The remaining 98,000 solar man and women include installers, developers, finance people, etc. They want less expensive solar panels.

• Most importantly, just like everyone in the world, US solar industry works hard to achieve grid parity, welcome less expensive Chinese panel.

• Facing misconception on US solar industry from Solyndra, SEIA BOD held meeting and passed emergency fund to conduct PR campaigns immediately against the misunderstanding.

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Thank You!

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