480 Million Yuan! ATW and Jinko Ink Equipment Supply Agreement

PVTIME – On 6 June 2023, Wuxi Autowell Technology Co., Ltd. (Autowell/ATW)(688516.SH), a well-known automation equipment manufacturer in the photovoltaic and lithium-ion battery industry, announced that ChangZhou Songci Mechanical and Electrical Co., Ltd. (SCEC), a subsidiary of Autowell has recently signed an equipment purchase agreement with Jinko Solar (Qinghai).

SCEC will supply large single crystal furnaces to Jinko (Qinghai) with a contract value of approximately 480 million yuan (including tax).

As the average acceptance period for the equipment is approximately 6-9 months, the order will have a positive influence on its operating performance in 2024 yet is uncertain for 2023.

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