Last
month
the
world's
biggest
inverter-maker
bought
a
72.5%
stake
in
Suzhou-based
Jiangsu
Zeversolar
New
Energy,
giving
it
another
chance
in
what
is
about
to
become
the
biggest
PV
market
globally.
Despite
setting
up
its
China
subsidiary
in
2002,
SMA
was
easily
eclipsed
by
local
firms
when
the
market
took
off,
and
particularly
by
Sungrow,
a
company
backed
by
US
venture
capital
firm Kleiner,
Perkins
Caufield
and
Byers.
The
recently-listed
Chinese
firm
now
has
around
35%
of
the
market
despite
tough
competition,
and
expects
to
see
little
impact
from
SMA’s
new
strategy
in
China,
says
one
of
its
Log in to read complete article.
