PVTIME – LONGi is now a 49% shareholder of Yunnan Tongwei High Purity Crystalline Silicon Co., Ltd. after the latter underwent structural changes. Yunnan Tongwei High Purity Crystalline Silicon Co., Ltd. is a subsidiary of Sichuan Yongxiang Co., Ltd. which is 100% controlled by Tongwei Co., Ltd. Therefore, LONGi’s shareholding in Yunnan Tongwei can be regarded as an indirect partnership with Tongwei.
Although both of them are top photovoltaic enterprises, LONGi and Tongwei have differing business focuses. According to LONGi, its photovoltaic module shipments in 2020 have exceeded 20GW by November. It also expected to become the photovoltaic company with the highest module shipments for all of 2020.
Tongwei started in agriculture and then entered the new energy industry. It has the vertical integration capabilities of upstream high-purity crystalline silicon production, midstream high-efficiency solar cell production, and terminal photovoltaic power station construction. In the field of high-purity crystalline silicon, by the end of 2021, Tongwei will have a production capacity of more than 160,000 tonnes of high purity crystalline silicon and has signed sales contracts with many module manufacturers.
This investment in Yunnan Tongwei High Purity Crystalline Silicon Co., Ltd. is important to LONGi’s strategic layout as it has a production capacity of up to 40,000 tonnes of high-purity crystalline silicon. At the same time, Yunnan Tongwei High Purity Crystalline Silicon Co., Ltd. is located close to LONGi’s 30GW ingot + 10GW wafer slicing Qujing project. With a large amount of silicon materials needed during the progress, this was a major factor in LONGi’s decision to invest.