An employee works on a production line at Longi Green Energy Technology Co Ltd in Taizhou, Jiangsu province, in December 2022. Improved cell conversion efficiency and reduced electricity costs are considered the drivers behind the development of the photovoltaic industry. According to Jiang Hua, deputy secretary-general of the China Photovoltaic Industry Association, cost reduction and efficiency improvement are at the core of the photovoltaic industry, which is cost-driven. Continuous enhancement of the conversion efficiency of photovoltaic cells is an effective measure to reduce the overall cost of photovoltaic power generation. According to Yu Biying, a professor at Beijing Institute of Technology, solar power has been emerging as a crucial driver in the high-quality development of China's economy.
