# Solar Overcapacity

Li Dongsheng’s Rescue Mission: Management Purge and Strategic Pivot at Loss-Making TCL Zhonghuan

TCL Zhonghuan has recorded over $2.6 billion in losses over the past two years, prompting founder Li Dongsheng to purge the old guard and take direct control. The company is now pivoting toward semiconductor materials and advanced BC battery technology to escape a brutal industry-wide solar overcapacity crisis.