SHANGRAO, China, Nov. 3, 2021 /PRNewswire/ -- JinkoSolar Holding
Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the
largest and most innovative solar module manufacturers in the
world, today announced that its principal
operating subsidiary, Jinko Solar Co., Ltd. plans to invest
RMB450 million for equity in Sichuan
Yongxiang Energy Technology Co., Ltd. (the "Project Company"), a
subsidiary of Tongwei Co., Ltd. (Shanghai Stock Exchange: 600438).
The investment will be used for the construction of a high-purity
polysilicon production line with an annual capacity of 100,000
tons. After the capital increase is completed, Jinko Solar Co.,
Ltd. will hold a 15% stake in the Project Company, the latest
update on the strategic partnership between the two parties
announced in February 2021. At the
same time, Jinko Solar Co., Ltd. will secure a stable supply of
nearly 30,000 tons of high-purity polysilicon every year once the
project is fully operational, and will share the pro rata profit
allocated by the paid-in capital with the Project Company for the
duration of the joint venture.
Mr. Kangping Chen, CEO of Jinko
Solar Co., Ltd., commented, "The strategic investment into this new
high-purity polysilicon production line based in Leshan,
Sichuan Province, is beneficial
because it is geographically close to JinkoSolar's major mono wafer
production facilities. By securing this new line of clean,
high-quality and highly reliable raw material, we will be able to
guarantee the long-term reliability of our wafer and module
production for the next few years. In addition, we have also
realized that the healthy and sustainable development of the PV
industry is increasingly dependent on the profound cooperation
among supply chain partners. By leveraging Tongwei's leading
high-purity polysilicon production capabilities, we will be able to
fully reach the potential of our in-house integrated production of
silicon wafers, cells, modules, and by optimizing technology and
specialized labor, both companies will jointly work together to
reduce costs and improve efficiency in PV manufacturing, and build
a long-term sustainable clean energy ecosystem for the
industry."
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is one of the largest and most innovative
solar module manufacturers in the world. JinkoSolar distributes its
solar products and sells its solutions and services to a
diversified international utility, commercial and residential
customer base in China,
the United States, Japan, Germany, the United
Kingdom, Chile,
South Africa, India, Mexico, Brazil, the United
Arab Emirates, Italy,
Spain, France, Belgium, and other countries and regions.
JinkoSolar has built a vertically integrated solar product value
chain, with an integrated annual capacity of 27 GW for mono wafers,
12 GW for solar cells, and 31 GW for solar modules, as of
June 30, 2021.
JinkoSolar has 9 productions facilities globally, 22 overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United
States, Mexico,
Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Hong
Kong and Denmark, and
global sales teams in China,
United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi
Arabia, Tunisia,
Morocco, South Africa, Costa
Rica, Colombia,
Panama, Kazakhstan, Malaysia, Myanmar, Sri
Lanka, Thailand,
Vietnam, Poland and Argentina, as of June
30, 2021.
To find out more, please see: www.jinkosolar.com
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
and as defined in the U.S. Private Securities Litigation Reform Act
of 1995. These forward-looking statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates" and similar statements.
Among other things, the quotations from management in this press
release and the Company's operations and business outlook, contain
forward-looking statements. Such statements involve certain risks
and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Further
information regarding these and other risks is included in
JinkoSolar's filings with the U.S. Securities and Exchange
Commission, including its annual report on Form 20-F. Except as
required by law, the Company does not undertake any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
For investor and media inquiries, please contact:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com
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SOURCE JinkoSolar Holding Co., Ltd.