of July 15, Bangjie announced that it had decided to terminate the project of producing 16GW N-type high-efficiency cells and 16GW large-size photovoltaic wafers annually, and to cancel the investment agreement signed with the Jiangshan Economic Development Zone Management Committee.
It is reported that the total investment of the project was originally planned to be about 8 billion yuan, divided into two phases of construction, the first phase is the annual output of 16GW cells (8GW + 8GW project), with an investment of 6 billion yuan; the second phase is the 16GW silicon wafer slicing project, with an investment of 2 billion yuan, which was officially started in Jiangshan, Zhejiang in February 2024.
In addition, on the evening of June 2, Bangjie shares announced that Yangzhou Bangjie, a photovoltaic subsidiary, had decided to continue to stop production because its operation did not meet expectations and continued to lose money. The company's production line has been temporarily shut down since March 1.
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