Hainan Drinda New Energy Technology Co. Ltd., a leading Chinese maker of photovoltaic (PV) cells, is seeking a second listing in Hong Kong, hoping to raise funds for overseas expansion amidst a challenging domestic market. The company, which initially focused on automotive trims, shifted to PV cells in 2019 and experienced rapid growth until the first half of 2024, when it faced a net loss due to overcapacity in the sector. Despite the challenges, Drinda is aiming to capitalize on global growth opportunities in the solar power market and is looking to build an overseas production facility with an annual capacity of 5 GW.