4.475 Billion Yuan! Mubang High-Tech to Set Subsidiary for TopCon Solar Cell Project in Guangxi of China

PVTIME – On August 4, Mubang High-Tech Co., Ltd. (hereinafter referred to as Mubang High-Tech or the Company)(603398.SH), a company mainly focused on educational toy, medical device, education and precision non-metallic mold business, disclosed that it intends to invest in 4.475 billion yuan to set up a wholly-owned subsidiary to run for solar cell production project.

The project is planned to be located in Wuzhou City, Guangxi Zhuang Autonomous Region of China, with an estimated annual output of 10GW of TOPCon solar cells.

What is more, as reported, the company has signed a Cooperation Framework Agreement with the People’s Government of Anyi County for 8GW TOPCon solar cells project in Jiangxi Province, China on June 2 this year.

In last few years, the company pay attention gradually onto the upstream materials for photovoltaic cells, such as the R&D, production and sales of monocrystalline silicon rods and silicon wafers. Currently, the company has neither TOPCon photovoltaic cell R&D team nor relevant technology.