of May 24, TCL Zhonghuan issued the Announcement on Signing the Term Sheet of Cooperation with Vision Industries Company, officially announcing the landing of the company's first overseas factory in Saudi Arabia.
According to the announcement, TCL Central intends to establish a joint venture with Vision Industries Company, a local Saudi company. The new company will invest in the construction of photovoltaic crystal wafer factories and subsequent product sales in Saudi Arabia. TCL Zhonghuan
said that the cooperation will rely on the location and policy advantages of Saudi Arabia and the Middle East, the localization experience of Vision Industries and the leading technological advantages and advanced manufacturing capabilities of TCL Zhonghuan in the field of new energy photovoltaic. The two sides are committed to jointly building the first local photovoltaic industry chain in Saudi Arabia, promoting and contributing to the energy transformation in Saudi Arabia and the Middle East.
At the same time, as an important part of the company's strategy to promote the globalization of the new energy photovoltaic industry, TCL Central will build a globally competitive photovoltaic industry base in the Middle East, relying on the concept of ESG sustainable development and relying on the company's industry 4.0 of advanced manufacturing models to promote the construction of localization. It will lay a solid foundation for the globalization of the company's industry and the localization of manufacturing, and continue to maintain the global leading edge of the company's comprehensive strength in the new energy industry.
Source: New Energy Micro News DataBM. Com.