Wang highlighted that the biggest expense for PV power plants is currently human labor costs, 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.
To advance their technology and achieve this goal, Wang emphasized the importance of a strong technology and research and development team as well as significant venture capital to support their R&D efforts. He believes now is an excellent opportunity to do so 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. They believe that by doing so they will not only reduce costs but also improve safety standards at PV power plants.
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