【Cloud Dynamics Event Review】The New Energy Outbound 2.0 Era: Oracle NetSuite and Hitpoint Cloud Join Hands to Explore a New Chapter in Digital Transformation of New Energy

In the vibrant "Capital of New Energy" — Changzhou, on December 18th, a seminar on the theme of new energy going global and digital transformation was jointly held by Oracle NetSuite and Hitpoint Cloud. The event, themed "Oracle NetSuite Empowering New Energy Enterprises to Map Out a Vibrant Global Chapter," brought together nearly 30 outstanding managers from the new energy industry to discuss and explore the limitless possibilities of global development in new energy.

In 2024, the prices of all segments of the photovoltaic industry chain continued to decline, with the China Photovoltaic Industry Association providing a "reference price" of 0.68 yuan/W for module costs in October 2024, with module prices remaining in a state of meager profit or loss for a long period. There is a mismatch between domestic production capacity and supply and demand. As the world's largest manufacturer and user of photovoltaic products, especially under the "Belt and Road" initiative, Chinese photovoltaic companies are capturing markets by exporting production capacity, making going global a mainstream trend of the 2.0 era, and digital transformation has become an urgent and critical task.

At the meeting, Roger Wang, General Manager and CIO of Hitpoint Cloud, delivered a speech on the theme of "Meeting the New Energy Outbound 2.0 Era — Oracle NetSuite Aids in Rapidly Achieving Global Integrated Management." He analyzed the trends of digital transformation in the new energy industry and introduced Hitpoint Cloud's "PVMDS — Photovoltaic Industry Manufacturing and Distribution Solution," which is based on the Oracle NetSuite cloud ERP system and has helped companies such as Elite Solar, XieHang Energy, SEG Solar, and Longrui New Energy to successfully innovate their enterprise management models. Subsequently, Roger introduced the EliTe Solar precision inventory management system project and the global ERP projects of XieHang Energy and NVC International, implemented with the aid of Oracle NetSuite. With a professional perspective and years of experience in the new energy ERP field, he shared Hitpoint Cloud's unique insights on digital transformation.

The roundtable forum at the seminar was also very impressive. Executives from three new energy companies shared their views and provided sincere advice to their peers in the industry based on their past experiences of going global. They also put forward demands for digital transformation, including cost reduction and efficiency improvement, global compliance, and rapid adaptation to localization. They expressed their expectations for Oracle NetSuite and Hitpoint Cloud, believing that in future engagements, Oracle NetSuite and Hitpoint Cloud will deliver a satisfactory digital transformation solution to the new energy companies present.