Inverter manufacturer Solaredge is enhancing a new production plant in Mexico to ship the US, the company wants to save shipping and reducing the impact of tariffs on imported products. According to the company’s management, the quarter, Solaredge has begun to use the signing factory export household inverter and optimizer. By the end of this year, the company expects that almost all household order products in the United States will come from Mexico. At the investor conference call after the announcement of the 2021 Financial Performance, the SolaredGe CEO Zvi Lando said \u0026 quot; this will have a beneficial impact on transportation costs, tariffs, operational fund management, and timely meet the needs of the United States. \u0026 quot; SolaredGe last year’s inverter shipments were 7.2GWAC in three versions of the third season. Due to COVID affected, a company’s Vietnamese manufacturing plant was discontinued. In mid-November, the plant recovered normal operation. At present, Solaredge is further enhancing the production capacity of Vietnamese, and the company will provide commercial products to the United States in Vietnam. The Chief Financial Officer Ronen Faier said that this will be \u0026 quot; greatly reduce \u0026 quot; company expenditure. In the fourth quarter of 2021, there were two-thirds from China from China, and these products were subject to tariffs. Before the introduction of the new strategy, SolarEdge announced the revenue of the 2021 revolution. According to LANDO description, due to rising global electricity prices, companies are increasingly paying attention to renewable energy development, and the demand for corporate products will \”surge\”. The income in the company’s solar field fiercely increased by 32% year-on-year, reaching 1.79 billion US dollars, and the inverter shipments were 7.2GWAC, which increased than 2020 6.1GWAC. \u0026 quot; All market segments and regions in the world are very strong, giving our products unprecedented demand, \u0026 quot; Lando added, company is especially exciting to the strong development trend of the commercial market. The electricity price of Europe’s rise in Europe, the increase in renewable energy demand and the dynamic factors such as the favorable regulatory environment in the market in Germany are driving the needs of the SolaredGe business solution. Recently, the German New Government announced a positive photovoltaic growth plan. Therefore, the company’s 2022 business orders have reached 143% of the total commercial shipment last year. LANDO said that in order to meet the needs of surges in the current supply chain and logistics environment, it has an impact on the production capacity to meet the top and bottom of the company. Because the company sometimes considers accelerating shipments at the expense of gross profit margins. The gross profit margin of the solar sector in the fourth quarter of 2021 was 32.8%, less than 36.2% in the same quarter of 2020. The company expects gross profit margins in the first quarter of 2022, and the revenue of the solar sector is 5.75-595 billion US dollars.

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