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On May 24th, Aiko Solar made an announcement stating that it has entered into a long-term supply agreement with its key cell suppliers. This strategic move is aimed at ensuring a steady and reliable supply volume well in advance. At present, the company's production processes remain uninterrupted, and there have been no delays in deliveries, even amidst a tight supply of cells in the market. Due to the intense market competition, the prices of essential raw materials, such as cells, have witnessed a notable surge. Consequently, it has become challenging for the company to completely transfer these cost pressures to its downstream customers. To mitigate the impact of these rising raw material prices, Aiko Solar plans to implement cost-reduction measures, enhance efficiency in R&D, design, and manufacturing processes, and boost the added value of its products.
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