Motech

What Motech does

Motech Industries Inc. (茂迪股份有限公司, TPEx: 6244) is a Taiwan-headquartered solar cell, module, and Building Integrated Photovoltaics (BIPV) manufacturer founded in 1981 as Meter International Corporation and listed on the Taipei Exchange in May 2003. Originally a high-end test instrument maker, the company pivoted to solar in 1997 and became Taiwan's first crystalline silicon solar cell producer in 1999. Following a 2018 strategic transformation, Motech deliberately exited scale-driven competition and now operates three business pillars: high-efficiency cells, differentiated modules, and downstream solar power station investment.

The company manufactures monocrystalline N-type TOPCon and P-type PERC solar cells and modules across a broad product portfolio, including dual-glass bifacial TOPCon modules (XNGHB series, 430-605W), single-glass bifacial TOPCon modules, PERC modules (XSCDCH and XSCDB series), anti-glare modules (XNAJTA series designed for airport/highway-adjacent installations), and a BIPV line covering colored, daylight cover, flexible, balcony railing, and lightweight modules. Manufacturing is concentrated at the Southern Taiwan Science Park in Tainan (Factory 2 and Factory 5), with the headquarters in New Taipei City. Motech has historically been ranked among the top 10 professional solar cell manufacturers globally, with total production capacity reaching 3.6GW in 2017.

Motech generates revenue through three streams: (1) hardware sales of solar cells and modules to domestic Taiwan distributors/integrators and international customers in Japan, Europe, and Southeast Asia (overseas comprised ~50% of 2024 revenue); (2) solar power station development, ownership, and direct sale of green electricity as an alternative to Taipower grid connection (68MW connected at end-2024, targeting 100MW+ by end-2026); and (3) differentiated BIPV exports targeting net-zero building applications in Europe. 2023 operating revenue was NT$4.07 billion (~US$128M), down ~24% YoY from NT$5.36B in 2022 due to weaker Taiwan installation demand and Southeast Asian module import competition. 2023 EPS was NT$0.56, down from NT$0.73 in 2022. Pricing is project-based and not publicly disclosed. Customer concentration centers on Taiwan government tenders, private large rooftop owners, and European BIPV buyers.

Name

Motech

Legal name

茂迪股份有限公司

Website

https://motech.com.tw

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Motech Industries (TPEx: 6244) is a Taiwan-based solar cell, module, and BIPV manufacturer serving government, commercial, and international customers across Taiwan, Japan, Europe, and Southeast Asia, with a downstream solar power station business targeting 100MW+ capacity by 2026.

Ownership category

akta.pro rank

Product category

Solar PV Manufacturing

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Semiconductors & Related Devices (3674), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)

akta.pro secondary industries

Solar Roofing & Roof-Mounted PV Systems (IMADAFAO), Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK)

Keywords

• Solar cell manufacturing
• Solar PV modules
• TOPCon solar technology
• Building integrated photovoltaics
• Solar power systems

Headquarters

HQ city

Hsinshih

HQ country

Taiwan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Operations

Revenue model

1. Solar Cell and Module Sales: Manufacturing and sales of solar cells (XN184BP) and various solar modules including TOPCon and PERC technology modules. Products sold domestically and exported to international markets including Japan and Europe.
2. Solar Power Station Development: Development, investment and ownership of solar power stations. Stations connected to Taipower grid or selling green electricity directly. Company aims to exceed 100MW in metered solar power by end of 2026.
3. Green Electricity Sales: Direct sale of green electricity as an alternative to Taipower grid connections, providing better pricing and improved profitability.
4. Agricultural and Highway Solar Applications: Specialized solar applications for agricultural and transportation infrastructure, developed in partnership with Taiwanese companies for international markets.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Motech designs, manufactures, and sells monocrystalline solar cells (N-type TOPCon and P-type PERC), solar modules (TOPCon bifacial, PERC, anti-glare, and BIPV variants), and complete photovoltaic (PV) systems including professional consulting, design, engineering, and construction services for utility-scale, commercial, industrial, and residential solar installations. The company also invests in and operates its own solar power stations, selling green electricity as an alternative to grid connections.

Product overview

Motech Industries is Taiwan's largest solar cell and module manufacturer, offering a comprehensive portfolio of solar products. The core offering includes monocrystalline TOPCon bifacial solar cells (XN184BP series), and the module lineup features dual glass bifacial TOPCon modules (XNGHB series), single glass bifacial TOPCon modules (XNCDB series), single glass single-sided PERC modules (XSCDCH series), single glass bifacial PERC modules (XSCDB series), and anti-glare modules (XNAJTA series). The company differentiates through Building Integrated Photovoltaics (BIPV) products including colored modules, daylight cover modules, flexible modules, balcony railings, and lightweight modules. Additionally, Motech provides complete solar power system services encompassing professional consulting, design, engineering, and construction. The portfolio transitions from upstream cell technology to downstream system integration, serving residential, commercial, industrial, and utility-scale solar installations.

Differentiator

Problem solved

Functional benefit

Products and services

• XN184BP Aquila 2.PB Monocrystalline TOPCon Bifacial Solar Cell Monocrystalline N-type TOPCon bifacial solar cell designed for high-efficiency power generation, suitable for various solar installations.
• XN54GH-B / XN60GH-B / XN72GH-B Dual-Glass Bifacial TOPCon Module Series High-efficiency dual-glass bifacial TOPCon solar modules in 430-460W, 480-510W, and 565-605W power ranges, designed for utility-scale and commercial installations.
• XN60CD-B / XN72CD-B Single-Glass Bifacial TOPCon Module Series Single-glass bifacial TOPCon solar modules for the Taiwan market, offering bifacial energy generation in a single-glass form factor.
• XS54CH / XS60CH / XS72CH / XS60CD Single-Glass Single-Sided PERC Module Series Single-glass single-sided P-type PERC solar modules for various solar applications across multiple wattage and size configurations.
• XS60CD-B / XS72CD-B Single-Glass Bifacial PERC Module Series Single-glass bifacial P-type PERC solar modules designed for enhanced power generation through rear-side energy capture.
• XN54AJ-T / XN60AJ-T / XN72AJ-T Anti-Glare Solar Module Series Anti-glare single-sided and dual-sided TOPCon solar modules designed to minimize light reflection for installations near airports or highways. Available in 54-cell, 60-cell, and 72-cell configurations.
• Solar Power System (PV System) — Design, Engineering, and Construction Service Complete solar photovoltaic system service including professional consulting, system design, engineering, and construction for utility-scale, commercial, and industrial solar installations.
• BIPV Modules for Net-Zero Buildings (Colored, Daylight Cover, Flexible, Balcony Railing, Lightweight) Building Integrated Photovoltaics (BIPV) modules including colored modules for facades, daylight cover modules combining solar generation with natural lighting, flexible modules for curved surfaces, balcony railing modules combining safety barrier and power generation, and lightweight modules for low-load roofs. Products received European orders and began shipping in 2024.

Quantifiable outcome

• 68MW solar power station capacity connected by end of 2024, targeting 100MW+ by end of 2026
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• 景欣公司 (Jingxin Company)coreStrategic or Co-development Partner · 10 April 2025Motech collaborated with Taiwan's Jingxin Company (bracket manufacturer) to jointly participate in the East European Green Energy EXPO and develop applications in agriculture and highway sectors in Eastern Europe.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Risen Energy: Global solar module manufacturer with TOPCon and heterojunction products. Comparable to Motech across module technology tiers and overseas channels in Europe and Asia.
• Canadian Solar: Solar module manufacturer with TOPCon (TOPBiHiKu) products and significant project-development arm. Comparable to Motech's combined cell/module manufacturing plus downstream solar power station strategy.
• Hanwha Q Cells: Major global module manufacturer with strong TOPCon and bifacial product lines and a diversified geographic footprint. Directly comparable to Motech in technology stack and overseas sales channels.
• JinkoSolar Holding: One of the world's largest solar module manufacturers with N-type TOPCon modules (Tiger Neo series) and a global sales footprint. Directly comparable across product family, overseas channel strategy, and tier-1 positioning.
• Trina Solar: Vertically integrated solar cell/module manufacturer with strong TOPCon (Vertex N) and bifacial product lines. Comparable as a global TOPCon player and large-scale solar manufacturer competing with Motech across module tiers.
• JA Solar Technology: Top-tier global solar cell and module manufacturer with strong PERC and TOPCon exposure and significant international distribution. Highly comparable to Motech in product mix (N-type TOPCon modules) and overseas channel focus.
• LONGi Green Energy Technology: World's largest monocrystalline silicon wafer and module producer and a leading TOPCon/Bifacial player. Directly comparable to Motech as a vertically integrated solar cell and module manufacturer competing in the same global TOPCon transition.
• TSEC Corporation: Taiwanese solar cell and module manufacturer with PERC and TOPCon products serving similar domestic and international markets. Direct peer given overlapping Taiwan-based operations, shared customer base in Japan/SE Asia, and similar scale relative to global tier-1 players.
• Tongwei Solar: One of the largest solar cell producers globally with massive TOPCon capacity expansion. Highly comparable to Motech as a top-tier cell supplier and increasingly integrated module player.

Broad incumbents

• First Solar: Large, established solar module manufacturer specializing in thin-film CdTe technology with utility-scale focus. Broad incumbent overlap with Motech in utility-scale solar supply but differentiated by thin-film vs. crystalline silicon technology.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks3 records

Key highlights6 records

Customer concentration

• Xx.com/motechsolar
• LinkedInlinkedin.com/company/mescl

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Motech