China Solar PV News Snippets

Huamin Holding subsidiary to build silicon ingots and wafer facilities; Aiko terminates GDR listing plan on Swiss Exchange; Lyric Robot to raise RMB 2.5 billion for HJT; Ruxing Technology to be listed on Shenzhen Stock Exchange.

Huamin Holding to invest RMB 4 billion in n-type silicon ingots and wafers: High-tech enterprise with two main businesses of new materials and digital technology, Hunan Huamin Holding Group, said via WeChat that its subsidiary Honsun will be constructing the second phase of the 10 GW high-efficiency n-type monocrystalline silicon ingots and silicon wafers fabs, and the new 10 GW silicon ingots and 4 GW silicon wafers facilities. For this, the company has signed an agreement with Dali State Government and Xiangyun County Government. Spread across 579 mu, the total investment is about RMB 4 billion ($0.55 billion), and is scheduled to be put into operation late November this year.

Aiko Solar terminates GDR listing plan on Swiss Exchange: Chinese solar cell producer Aiko Solar has announced that it is terminating its global depositary receipts (GDR) listing plan on the Swiss Exchange. This decision, the company said, comes after serious consideration of the changes in the domestic and foreign markets, and based on the company's actual operating and financial conditions. It announced new plans to raise RMB 6 billion ($0.83 billion) from about 35 specific investors. The raised funds will be used for the upgrade of its Yiwu Phase VI 15 GW high-efficiency crystalline silicon solar cell facility and working capital. Recently, Aiko had taken part in TaiyangNews Global PV System Technology Trends H1/2023 Virtual Conference (see Review: Day 1 – Global PV System Technology Trends H1/2023).

Lyric Robot to raise RMB 2.5 billion for HJT: Lithium-ion battery equipment company, Lyric Robot, announced plans to raise about RMB 2.5 billion ($0.35 billion). The raised amount, after deducting issuance expenses, will be directed towards the photovoltaic industry with special focus on core equipment, photovoltaic modules and photovoltaic automation equipment, and would include PECVD, PVD, screen printing machine, serial welding machines and automation equipment. With the funds, the company aims to break through the core technology of HJT cell production equipment, and increase its market share in that space.

Ruxing Technology to be listed on Shenzhen Stock Exchange: Electronic paste enterprise Ruxing Technology has submitted the prospectus for initial public offering and to be listed on the main board of Shenzhen Stock Exchange, local media reported. The company plans to raise RMB 1.5 billion ($0.21 billion) and use it towards high-performance crystalline silicon solar cell paste fabs.