Trina Solar Selected to Top 100 Global Challengers List by BCG for the Second Consecutive Time
Trina Solar Limited (NYSE: TSL) (“Trina Solar” or the “Company”), a global leader in photovoltaic (“PV”) modules, solutions, and services, today announced that it has been selected to the Top 100 Global Challengers List (the “List”) by the Boston Consulting Group (BCG) at the Tianjin Summer Davos Forum on June 27, 2016. This marks the second consecutive time that Trina Solar has been included on the List since 2014, and the Company is the only solar manufacturer in China to be selected twice in a row.
Founded in 1963, BCG is a leading global management consulting firm and advisor on business strategy. The 2016 BCG report (the “Report”) marks the ten-year anniversary of the first publication of BCG’s list of global challengers, and the theme of the Report is “Global Leaders, Challengers and Champions: The Engines of Emerging Markets.” The Report indicates that top companies from emerging markets grew three times faster than their counterparts in mature markets from 2009 through 2014, and that these companies are still developing world-class capabilities and know how to win in volatile and uncertain times. Trina Solar’s selection to BCG’s Top 100 Global Challengers List is a further recognition of the Company’s strong performance and sustained rapid growth after having been selected to BCG’s China Top 50 Global Challengers List in 2012. Other Chinese companies included in the report were Alibaba, Aviation Industry Corporation of China, Tencent, and 24 other Chinese companies.
Mr. Jifan Gao, Chairman and CEO of Trina Solar, and President of the China Photovoltaic Industry Association, said, “We are proud to have been selected as a top 100 global challenger for the second consecutive time. We believe that this reflects recognition of the strength of our business as a leading global solar manufacturer and first-class downstream project developer and operator. Over the years, we have been maintaining an industry-leading level of sustainable growth by propelling technological innovations and expanding in overseas markets, all of which has helped to enhance our global influence and competitiveness. We will continue our efforts to relentlessly drive the advancement of the solar industry and forge new frontiers in promoting a clean and low-carbon world.”
In a press release published on June 27, 2016, Dinesh Khanna, a coauthor and leader of BCG’s Global Advantage practice, commented, “The global challengers are the leading edge of a much larger group of companies from emerging markets that, despite economic uncertainty, are powering ahead with confidence and ambition.”