Text: Ne-Salon New Energy Gathering Group
The first batch of 5GW equipment has been installed and commissionedIn view of EGing's strategic development needs, the company decided to invest in a new photovoltaic industrial base in Quanjiao County, Chuzhou City in 2022. Among them, the first phase invested 5 billion yuan for the construction of a 10GW high-efficiency N-type TOPCon photovoltaic cell project. Of course, in the future, the company will further promote the vertical integration of the industrial layout according to market demand and capital situation. On September 21, 2022, the 17th meeting of the 7th board of directors of the company passed the proposal on this project, and issued the corresponding announcement the next day. Subsequently, at the 4th Extraordinary General Meeting of Shareholders on October 14, 2022, the investment was also approved. Since then, EGing Optoelectronics and Quanjiao Jiachen New Material Industry Investment Management Center (Limited Partnership) signed the "Investor Agreement" to jointly establish Chuzhou EGing Optoelectronics Technology Co., Ltd. to promote the construction of Chuzhou 10GW high-efficiency N-type TOPCON photovoltaic cell project. The registered capital of Chuzhou EGing Optoelectronics Technology Co., Ltd. is 150,000 yuan, of which Changzhou EGing invests 80,000 yuan, accounting for 53 of the registered capital33%；Jiachen** invested 70,000 yuan, accounting for 46 percent of the registered capital67%。
In November 2022, EGing officially started the construction of the 10GW photovoltaic cell (phase I) project in the Economic Development Zone of Quanjiao County, Chuzhou City. Up to now, the construction of the project plant has been completed, and the first batch of 5GW equipment has been installed and commissioned. The installation of the latter 5GW equipment is currently 30% to 40% complete, and about 1GW of commissioning has been completed. Taken together, it can be said that the current commissioning capacity is about 6GW. The A-level rate of the battery project has reached more than 97%.The current project schedule is lagging behind, mainly due to the accelerated growth of market demand for large-size and rectangular cells, and the company's original equipment needs to be partially modified to adapt to the change in wafer size. In order to save the cost of equipment transformation, the company took the initiative to stop the delivery of equipment manufacturers, and if the goods were delivered according to the original plan, the normal production schedule can now be achieved. 
In addition, in order to respond to the changes in market demand, the company is increasing the research and development of the Chuzhou TOPCon battery project. After the printing process, the company will introduce laser-induced technology to improve the level of yield and conversion efficiency. At present, the A-level rate of the company's Chuzhou TOPCon battery project has reached more than 97%, and the conversion efficiency can reach 262%。In the future, according to the actual market situation, the company will also consider the selection and planning of battery product size to adapt to the market changes in photovoltaic cell size. The company's current equipment is suitable for the production of 182mm 182mm cells, and may consider reproducing 182mm 18xmm-210mm and 210mm 210mm cells in the future. After the equipment manufacturer completes the equipment update, the company will continue to promote the commissioning of the equipment. There is uncertainty about the future investment and construction of the projectOf course, in the process of investing in the construction of photovoltaic manufacturing projects, there will always be some risks, the announcement reminds that, first of all, the current market competition in the photovoltaic industry is becoming more and more fierce, and the product fluctuations are large. If the product** continues to weaken, it may result in lower than expected project earnings. Secondly, changes in the standard size of products in the upstream wafer industry may have a certain impact on the downstream industry, and the update and iteration speed of photovoltaic cell technology is also accelerating. In order to cope with market changes, it may lead to the project's production schedule not being as expected. In addition, it is worth noting that the company's Chuzhou photovoltaic manufacturing project is only in the construction stage of the first phase of the 10GW high-efficiency N-type TOPCon photovoltaic cell project.
The second and third phases of the project still need to be further discussed and determined, so there is some uncertainty about the future investment and construction. Finally, the equipment of the project requires a lot of funds for installation, transformation and maintenance, and the company will reasonably arrange funds and payment arrangements to ensure the smooth implementation of the project. ConclusionOverall, EGing's Chuzhou PV manufacturing project has made some progress, and although it has encountered some difficulties in equipment modification, the company has been working hard to find a solution. Ne-Salon wishes EGing the future development of Chuzhou photovoltaic manufacturing project. **NE-SALON ZJ
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