19, Atlas announced that the 26th meeting of the first board of directors of the company had considered and adopted the Bill on Investment and Construction of Photovoltaic Industry Chain Expansion and Supporting Projects. The specific landing projects of Phase I are determined as follows:
Project I: annual output of 20g W monocrystalline rod drawing, 40GW Single Crystal Crucible Project
Project II: Annual Output of 10GW Slices + 10GW Batteries + 5GW Modules + 5GW New Materials Project
Source: Company Announcement
Among them, Project I is planned to invest 8 billion yuan. Hohhot Atlas Electronic Material Technology Co., Ltd., a wholly-owned subsidiary of Hohhot Atlas Electronic Material Technology Co., Ltd., will be responsible for the subsequent construction and operation; the second project plans to invest 6 billion yuan, and will be responsible for the subsequent registration of a new company with an estimated registered capital of 1.5 billion yuan.
Previously, the company had planned to build an annual output of 30GW single crystal rod pulling project, 80GW crucible project, 10GW single crystal slicing project, 10GW solar cell project, 5G W photovoltaic module project and 5G W related supporting product project. The
original 80 GW quartz crucible project was "shrunk" by half to 40 GW, and the single crystal rod drawing project was also reduced by 10 GW to 20 GW. The total investment of the project has been adjusted from 18 billion yuan to 14 billion yuan.
According to the previous investment agreement, the construction of Phase I monocrystalline rod drawing project will start in July 2023, and it is planned to reach the production capacity in March 2024; the construction of other projects in Phase I will start in September 2023, and it is planned to reach the production capacity in September 2024.
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