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Conversation Highlights:

• In 2022, Deye’s shipments of its Micro Inverter are expected to exceed 750,000 units.
• NINGBO DEYE INVERTER TECHNOLOGY CO. LTD will optimize the existing grid-connected machine’s functions, and make the optimized machine version more compact and lightweight.
• In 2021, the revenue growth rate of Deye’s optical storage business reached 262%, and the profit accounted for 50%+.

Please highlight some of the recent developments and updates at Deye.

In 2021, the revenue growth rate of Deye’s optical storage business reached 262%, and the profit accounted for 50%+, of which hybrid/grid-tied/micro-inverter accounted for 45.2%/45.7%/9.1% respectively. In 2022, inverter products are expected to achieve a revenue scale of 565 million dollars.

What are the unique features of your recently launched 50kW Hybrid Inverter?

SUN-50K-SG01 three-phase hybrid inverter series. With the unique “Smart load” and AC Couple features, the Deye hybrid inverter can use the diesel generator port as the “Smart load” output port and “AC couple” connection port, which significantly improves the machine’s intelligence and application scenarios.

Do you plan to launch more products in the coming year?

SUN-50K-SG01 three-phase hybrid inverter series. In case of the device is compatible with a diesel generator, and can be equipped with Twenty sets of batteries at most. The inverter can charge from the grid during off-peak and discharging at peak can be profitable.

Would you like to highlight anything about your company’s performance and financial results for this year?

In 2022, Deye’s shipments of its Micro Inverter are expected to exceed 750,000 units, the shipments of its grid-tied to exceed 250,000 units, and the shipments of its hybrid inverter to exceed 330,000 units, with a year-on-year increase of 242.6% in total annual shipments.

What is your outlook on India’s inverter market for 2023 and how are you gearing up for the same?

Deye has started to promote its own brand and aims to become a market-leading company in India. NINGBO DEYE INVERTER TECHNOLOGY CO. LTD will optimize the existing grid-connected machine’s functions, and make the optimized machine version more compact and lightweight. And Deye will improve sales and pre-sales and after-sales teams, providing better service for our users.