Ming Jewelry (Mingr) to Enter PV Industry by Launching 20GW PV Cell Smart Manufacturing Project

PVTIME – Zhejiang Ming Jewelry Co., Ltd. (Mingr)(002574.SZ), a China-based luxury goods and jewelry company, announced on 12 March 2023 that it and the Keqiao Economic Development Zone Management Committee signed the an investment cooperation agreement on a PV smart factory to jointly accelerate the high-quality development of the regional economy based on the principle of mutual benefit and common development.

The project is expected to reach production capacity of 20GW per year with a total investment of 10 billion yuan, of which 6.5 billion yuan will be invested in fixed assets.

The project will be initiated by a new wholly-owned subsidiary of the company in two phases, with the first phase planning to build 10GW of TOPCon solar cells, and the second phase planning to build 6GW of TOPCon solar cells and 4GW of HJT cells.