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Wuxi Shangji Automation Co Ltd. mentioned final week that it’s going to construct a photo voltaic module manufacturing facility in Jiangyin, Jiangsu province in China. The Wuxi-based monocrystalline silicon merchandise producer will make investments CNY 5 billion within the new facility, with an preliminary annual manufacturing capability of 16 GW.
The primary section of the mission will contain the deployment of 5 GW of panel capability, at a value of CNY 1.1 billion. Manufacturing actions on the new facility are anticipated to start within the third quarter of this 12 months. The brand new facility shall be constructed within the Jiangyin Lingang Financial Growth Zone, in Wuxi, Jiangsu province.
Shangji Automation initially achieved a income of CNY 800 million in 2019. After a collection of investments within the manufacturing of monocrystalline wafers and photo voltaic cells, it achieved a income of CNY 10.9 billion in 2021. By the tip of 2022 , the corporate reached manufacturing capability of 40 GW and 24 GW for wafers and photo voltaic cells, respectively.
In March 2022, Shangji introduced a plan to speculate CNY 11.8 billion in a silicon manufacturing base with an annual capability of 150,000 metric tons (MT) of silicon steel and 100,000 MT of polysilicon. In August, the corporate determined to speculate one other CNY 15 billion for 25 GW of wafer chopping capability and 24 GW of photo voltaic cell capability.
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