300 Million Yuan! Drinda Receives Subsidy for 26GW Solar Cell Project

PVTIME – Hainan Drinda Automotive Trim Co., Ltd. (hereinafter referred to as Drinda) (002865.SZ), a China-based company engaged in the development, manufacture and sale of plastic interior and exterior automotive parts, announced on 28 March that Huaian Jietai New Energy Technology Co., Ltd., a subsidiary of Drinda, received a subsidy of 3 million yuan from the local finance and taxation bureau on 24 March.

The funds are a subsidy payment for the equipment of Drinda’s high efficiency solar cell projects with a production capacity of 26GW per year, representing 28.54% of Drinda’s latest audited net assets.