7, Jinyang New Energy announced that this month, the Group successfully built the first production line of a new generation of heterojunction back contact (HBC) batteries , which will become the world's first mass-produced HBC battery production line. Fujian Jinshi Energy Co., Ltd., a strategic partner of the Group, and the National Advanced Photovoltaic Engineering Research Center jointly built by the Group officially announced that the conversion efficiency reached 27.42% . It will become the only mass production line in the world that can produce more than 27.0% conversion efficiency for the first time, and will lead the heterojunction technology into the mass production of back contact batteries ( "BC batteries"). The first-generation heterojunction solar cells have developed rapidly in the past two years. The Directors are of the view that the mass production of the new generation technology of HBC cells indicates that the Group will lead the new generation of BC cells to glory with higher conversion efficiency and lower cost.
At the same time, the Group also completed the construction of the world's first mass production line of HBC flexible modules this year, which means that the vertically integrated photovoltaic industry strategy of linking monocrystalline ingot silicon wafers, HBC batteries and flexible modules with high efficiency and low cost has been realized.
In addition, the Group is establishing major sales channels in Europe and the United States and an online private label sales system to meet the growing demand of the consumer product market. It is expected that after the successful mass production of the first HBC battery production line, the Group will quickly add new factories and expand production to 5GW , which the Directors believe will lead the Group to become a leading company in HBC battery technology and scale.
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