On the evening of May 12, 2021, Mingyang Smart Energy Group Co., Ltd. (hereinafter referred to as “Mingyang”) announced that the company plans to invest in the construction of 5GW photovoltaic high efficiency battery and 5GW photovoltaic high efficiency module project, and the total investment amount of the project is expected to be 3 billion RMB (excluding fluid capital).

The construction period of this investment project is 5 years. The project is expected to be invested in three phases, with the first phase investment of 600 million RMB. In 2021, the first phase of self built plant with an annual output of 1GW PV high efficiency cells + 1GW PV high efficiency modules will be completed; In 2022, the second phase will be completed, and on the basis of the first phase, it will be expanded to the production line with an annual output of 2GW PV high efficiency cells + 2GW PV high efficiency modules; By 2025, the third phase of the new production line with an annual output of 3GW PV high efficiency cells + 3GW PV high efficiency modules will be completed, with a total investment of 5GW PV high efficiency cells + 5GW PV high efficiency modules.

Source: Mingyang intelligent

Edited and translated: minds:connected