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Maxeon Solar seeks further review of detention of Mexico-assembled solar panels
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Maxeon Solar seeks further review of detention of Mexico-assembled solar panels
Nov 14, 2024 11:09 AM

Nov 14 (Reuters) - California-based Maxeon Solar ( MAXN )

said on Thursday it has filed a request for further

review with the U.S. Customs & Border Protection over the

federal agency's continued detention of its solar panels from

Mexico, citing the Uyghur Forced Labor Prevention Act (UFLPA).

The agency did not immediately respond to a Reuters request

for comment.

Maxeon's shares fell 13.6% in afternoon trading.

The detention of Maxeon's modules began in July and resulted

in the company withdrawing its 2024 forecast in September due to

the uncertainty surrounding imports to its largest market.

Numerous companies have been included in the UFLPA Entity

List, which restricts the import of goods tied to what the U.S.

government has characterized as an ongoing genocide of

minorities in China's western Xinjiang region.

U.S. officials believe Chinese authorities have established

labor camps for Uyghurs and other Muslim minority groups in

China's western Xinjiang region. Beijing denies any abuses.

"None of our supply chains involve entities on the UFLPA

list, two of our supply chains do not even enter China, and yet

the reviewers have declined to make the appropriate

determination that UFLPA does not apply," Maxeon's outgoing CEO

Bill Mulligan said.

He said that the company remains optimistic that new

reviewers would clear its products for imports.

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