10 Billion Yuan! Jiangsu Jiuding to Launch 10GW Solar Cell and 5GW Module Project in Jiangxi Province of China

Jiangsu Jiuding New Material Co., Ltd. (formerly Jiangsu Jiuding Group) (002201.SZ), a leading Chinese company mainly engaged in the production and sale of glass fibre yarn, fabrics and FRP products, intends to invest in a PV TOPCon cell and module production project in Shangyou County, Jiangxi Province, China.

The project will be designed to produce 10GW of solar cells and 5GW of modules per year, with a total investment of 10 billion yuan. Once operational, it is expected to generate annual operating income of 15 billion yuan and tax payments of 280 million yuan.