Maxeon Solar seeks further review of detention of Mexico-assembled solar panels
Nov 14 (Reuters) -California-based Maxeon Solar MAXN.O 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.
Reporting by Sourasis Bose in Bengaluru; Editing by Shailesh Kuber
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