June 5, Jingao Science and Technology announced that it planned to expand its integrated production capacity and invest in the project of producing 30g W crystal pulling, 10g W silicon wafers and 10g W components annually in Ordos High-tech Zone.
The announcement said that after the completion of the project, it can effectively improve the production capacity of high-efficiency products, meet the market demand for high-efficiency products, continuously improve market share and integrated profitability, and promote the company to form a complete vertical I ntegrated industrial chain layout in the northwest region, which meets the strategic needs of the company's future capacity planning.
Source: The company announced that
the project is planned to invest 6.02 billion yuan , which comes from the company's self-raised funds, including shareholder contributions, shareholder loans, loans from financial institutions, etc.
The planned construction period is 36 months, and the follow-up company will register and establish a new company in the project site to undertake the project construction and future operation.
In recent years, Jingao Technology has accelerated the integrated layout of the vertical photovoltaic industry chain.
Earlier, on March 23, the company announced that it planned to invest 12.842 billion yuan to build an annual output of 20GW silicon wafers and 30GW batteries in Ordos High-tech Zone.
At present, the company has established a vertically integrated industrial chain including solar silicon rods, silicon wafers, batteries and modules, photovoltaic power plants and other production and application links, as well as cultivating new technology research and development and production capacity in crystal pulling equipment and packaging materials.
Since Jingao Technology returned to the A-share capital market at the end of 2019, it has vigorously expanded its advanced production capacity. With the successive commissioning of new production capacity, the production capacity and proportion of large-size, high-efficiency, high-power and low-cost component products have increased rapidly.
By the end of 2022, the company has a module capacity of nearly 50GW, and the upstream silicon wafer and battery capacity is about 80% of the module capacity. According to the company's capacity plan, the module capacity will exceed 80 GW by the end of 2023, and the silicon wafer and battery capacity will reach about 90% of the module capacity.
Source: Digital New Energy DNE
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