PV and soybeans have in common? The listener may be baffled. PV inverter industry may be about to surrender a unwilling to admit the answer: the invasion.Painful experience when foreign giants full control of China's soybean industry is still vivid in my mind: the first foreign quality soybean price dumping, so a lot of imports. 

Rather difficult up soybean prices, eventually leading to upstream farmers do not want to sow beans, the midstream processing enterprises large area of ​​work stoppage, the multinational grain merchants opportunistic acquisition, guarantee stable transgenic soybean sales growth, resulting in up to 80% of China's dependence on foreign soybean . Similar situation may occur again in the PV inverter industry. 

Always restrict the PV industry in China, Europe and the United States "double reverse" survey, the overseas market is gradually shrinking domestic PV module business or bankruptcy or bankruptcy, a direct impact on the business and valuation of the PV solar panel. In this case, the foreign giants and then wait for an opportunity to low-cost acquisition, the development of the Chinese market. Who is to say, the PV inverter industry will become the next fall. 

The pioneer of this "invasion Battle is the giant of the global PV inverter - SMA Solar Technology AG. The recent exploits based on the consideration of only 160 million yuan has successfully acquired a 72.5% stake in Jiangsu Zhao the volts love cable New Energy Co., Ltd.. In other words, the top five companies of the domestic photovoltaic inverter has been the fall of the First. 

Business executives are worried about a once SMA as acquisition targets in China, told reporters: "This acquisition can be said that the share of the global market share of 40% of SMA sounded a clarion call to enter the Chinese market, 20 billion in the next three years. $ power converter sales market is its prey and this acquisition for young Chinese inverter industry, may cause long-term damage. " 

However, the industry's real or imagined foreign invasion means is not new. By PV companies in Europe and America to promote "double reverse" survey of the east, the domestic photovoltaic inverter corporate valuations general decline, SMA is seizing this opportunity to expand the action, and the completion of the acquisition at a very low price. Megavoltage cable is not only a love for the "dual" corporate valuations have fallen sharply. 2012 Chinese PV inverter manufacturers operating on the road generally hard line. 

Sun power industry's only listed company, for example, single-quarter of the third quarter of 2012, operating income of 229.05 million yuan, a year-on-year decline of 15%, net profit of 16.8 million yuan, a year-on-year decline of 65%. Suntech Power and LDK Solar to seek a listing in the United States is now the stock price has been less than $ 1. Some foreign investment company phone to ask a merger has sounded more and more frequently in the corporate office. 

The accumulation of these background atmosphere, so the SMA the surface very normal cross-border acquisitions caused anxiety and fear of other peer companies.They worry that this is likely to be the first step taken by the foreign solar giant for control of China's solar energy market.