The solar awning cooperation project affiliated with Jinyang New Energy (01121) and Dometic has entered the field test and power testing stage

Zhitong Finance App News, Jinyang New Energy (01121) announced that since 2024, Eco-Dynamic Tech Inc., a subsidiary of the Group registered in the US, and Dometic Group AB (Dometic), the world's leading recreational coach (motorhome) manufacturer, have been jointly developing and applying the Group's proprietary solar panel technology to Dometic motorhome awning products in accordance with a structured seven-stage scope of work. The results have been ideal so far: initial sample evaluations, durability tests under the additional weight of the panel, and the first field deployment test device have all been successfully completed. The project has now entered field testing and power testing to verify solar panels and awning components according to Dometic's engineering standards.

Project work is now focused on translating proven concepts into production-ready solutions. Dometic has completed a number of prototypes, including the installation of a device for long-term outdoor evaluation, and has carried out repeated stretch cycle tests to assess the impact of the increased weight of the solar fabric on the awning system. Testing has confirmed its functionality and supported the ongoing development of the project.

The next phase will focus on completing additional verification of the structure and awning hardware, and establishing an expandable manufacturing process covering sewing, circuit wiring, packaging and service support. Such work will lay the foundation for promoting customer on-site verification, expanding production scale, and first batch customer shipments.

These solar panels use the Group's proprietary hybrid back contact solar cells, which have been independently verified by a third party laboratory. Their conversion efficiency is 28.2%, which is one of the highest levels recorded in commercial flexible solar applications. The component is now being simultaneously validated according to Dometic's production process, including the sewing and laminating processes used in awning production.

The potential market opportunities are quite impressive. According to the RV Industry Association (RV Industry Association), it is estimated that the wholesale volume of motorhomes in North America will be about 349,000 units in 2026, continuing the growth trend and recording the third consecutive year of growth. According to a report published by Dataintelo Consulting Pvt. Ltd., the motorhome awning market is about US$1.8 billion in 2025 and is expected to grow to over US$3 billion in the early 2030s. Among them, solar-powered awnings are regarded as the fastest growing segment. Dometic is recognized as a leading supplier of original equipment manufacturer (OEM) awnings, providing the Group's technology with a strong potential route to enter the market on a large scale. The Group is also cooperating simultaneously with Dometic's Zhuhai subsidiary to apply the Group's technology to awning models launched in the Asia-Pacific region. This move will help the Group expand OEM sales and open up the market for nearly 1 million registered motorhomes.

In addition to the first motorhome project, the scope of work also shows more potential applications - including patio awnings, slide-out roof awnings, Dometic 9500 card series and marine applications - while the Group is also promoting separate residential solar awning and balcony photovoltaic projects. The main steps ahead include implementing technical and commercial plans and contract terms, followed by trial production, certification, and the goal of achieving the first batch of customer shipments. As these steps are still ongoing, the Group has not implemented any supply agreements or commercial terms with Dometic. However, the two sides are working closely together to commercialize this revolutionary product.

The Board of Directors is encouraged by the results achieved so far and believes that with Dometic's manufacturing scale and distribution network, as well as the Group's technology and technical strength, the project has strong potential to become an important growth engine for the Group.