On August 21, in Cong Hoa Industrial Zone, Hai Duong Province, Vietnam, Bowei Group (100% Chinese investment) signed a land lease contract with Vietnam Urban Development Joint Stock Company and Rubber Industrial Park (Cong Hoa Industrial Zone Infrastructure Investor) to implement the project.
Bowei Group has leased a piece of land with a total area of 20 hectares in Cong Hoa Industrial Zone, with a total investment of about 350 million US dollars. Photovoltaic cell panels, solar energy conversion module panels, high-tech ribbon alloy panels and other plants will be built ; they are expected to be put into operation in 2024. According to
public information, Bowei Group, founded in 1987, is an enterprise specializing in the production of panels and solar energy conversion modules, consisting of monocrystalline and polycrystalline. After 36 years of development, the company has 12 specialized manufacturing plants in China, Germany, Canada and Vietnam, and has become a scientific and international professional manufacturing enterprise group integrating new materials, new energy and other industries.
At present, Bowei Group has three companies in Bac Giang Province, Vietnam, producing solar cells and exporting them to European and North American markets, laying the foundation for protecting the environment, reducing the greenhouse effect and transferring technology to Vietnamese joint ventures.
It is reported that the company's subsidiary in Vietnam, Boviet Solar, was established in 2013. As of 2023, Boviet Solar's annual manufacturing capacity of photovoltaic cells and modules is 3.0 GW, and its products are mainly sold to the U.S. market.
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