According to Wang, human labor costs are currently the biggest expense for a PV power plant, especially for large-scale utility plants. The company has production capacities of 3GW, 7GW, and 5GW annually for their mounting, cleaning, and inspection robots, respectively. These products are expected to be popular in regions with high labor costs like the US, Europe, and Australia, where automation and artificial intelligence can help reduce operational costs.
Wang emphasized the need for a strong technology and research and development team, as well as significant venture capital to support their R&D efforts. He believes that now is a great opportunity to advance their technology, as investors are looking to lower electricity costs and reduce on-site jobs in PV power plants through automation and AI. The company sees great potential in the market and is focused on developing innovative solutions for the industry.