PVTIME – Wuxi Shangji Automation Co., Ltd. (603185.SH) announced on August 15 that it plans to build a New Energy Industry Park which mainly engaged in monocrystalline silicon slices and n-type solar cells in Xuzhou City of China, with a total investment of 15 billion yuan.
According to the announcement, the first phase of the project is planned to reach production capacity of 25GW of monocrystalline silicon slices. And 14GW of high-efficiency crystalline silicon solar cell will be achieved in the second phase, then 10GW of high-efficiency silicon solar cell for the third.
The company stated that this investment is crucial for the company’s layout in the photovoltaic industry. With the support of the local policies, the company would like to increase its production capacity of TOPCon solar cell, HJT cell and other n-type solar cells. This project is expected to bring profit for the company and its shareholders yet has no significant impact on the company’s main business.