Suzhou Gude: Optimistic expectations for the delivery of silver-coated copper paste in 2026.

On February 5th, Suzhou Gude expressed during institutional research that in 2026, due to the high price of silver, it is expected that the start-up rate of heterojunction batteries will increase, directly driving the growth of the shipment volume of silver-coated copper paste. At the same time, due to the rise in silver prices, traditional Topcon batteries and BC batteries using pure silver paste will partially switch to silver-coated copper paste, thereby reducing product costs. Currently, the company's silver-coated copper products have been tested at multiple Topcon and BC battery customers, with one customer already achieving mass production. In addition, the development of heterojunction battery industry overseas is relatively fast, mainly because the artificial demand for heterojunction batteries is significantly reduced compared to high-temperature paste. Considering various factors, we are relatively optimistic about the shipment expectations of silver-coated copper paste in 2026.