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Hanwha Q Cells
AddedFeb 13, 2024
UpdatedJun 28, 2026
Hanwha Q Cells

Hanwha Q Cells

Late Stage Private

Qcells, a subsidiary of Hanwha Solutions, is a leading solar cell manufacturer based in Seoul, South Korea.

HQ
Bitterfeld-Wolfen, Saxony-Anhalt, DE
Founded
1999
Overview
Compare
Fundraising
Employees
Website

Hanwha Qcells, founded in 1999 in Bitterfeld-Wolfen, Germany, and now headquartered in Seoul, South Korea, is a leading manufacturer of photovoltaic cells. Acquired by the Hanwha Group in 2012, Qcells operates as a subsidiary of Hanwha Solutions. The company focuses on producing high-quality photovoltaic cells, solar modules, photovoltaic systems, and large-scale solar power plants. With a mission to drive the global transition to renewable energy, Qcells serves markets worldwide, providing sustainable energy solutions.

Notable figures associated with Qcells include CEO Justin Lee. The company has achieved significant milestones, including becoming one of the top global suppliers of solar products. Under the ownership of Hanwha Group, Qcells has expanded its technological capabilities and market reach. Its impact is evident in its contribution to reducing carbon footprints and promoting clean energy adoption globally.

Hanwha Q Cells - Similar Companies

Hanwha Solutions logo

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Hanwha Q Cells - Quick Facts

Who are Hanwha Q Cells' competitors?

Companies similar to Hanwha Q Cells include Hanwha Solutions, Shunfeng Photovoltaic, HiQ Solar and First Solar.

When was Hanwha Q Cells founded?

Hanwha Q Cells was founded in 1999.

Where is Hanwha Q Cells' headquarters located?

Hanwha Q Cells' headquarters is located in Bitterfeld-Wolfen, Saxony-Anhalt, DE.

When was Hanwha Q Cells' last funding round?

Hanwha Q Cells' most recent funding round was for $150M (USD) in September 2022.

How much has Hanwha Q Cells raised to-date?

As of Sep 8, 2022, Hanwha Q Cells has raised a total of $160M (USD).

How many employees does Hanwha Q Cells have?

Hanwha Q Cells has 7,895 employees as of Feb 4, 2024.

Hanwha Q Cells - Classification

Ownership
  • Private
Technology
  • Cleantech
Geographic Exposure
  • Global
Revenue
  • Transactional
Customer
  • Consumers
  • Enterprise
Main Product
  • Solar Cells
  • Solar Modules
Tags
  • Hardware
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221100Electric Power Generation, Transmission and Distribution
  • 221110Electric Power Generation
  • 221114Solar Electric Power Generation
SIC
  • 4900Electric, Gas, And Sanitary Services
  • 4910Electric Services
  • 4911Electric Services
ISIC
  • 2610Manufacture of electronic components and boards
  • 2815Manufacture of ovens, furnaces and furnace burners
Show 3 more industry codes
SIC
  • 1300Oil And Gas Extraction
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services