SHANGRAO, China, Feb. 19, 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 the Company intends to sign a
"strategic cooperation agreement" with Tongwei Co., Ltd.
("Tongwei") – to jointly invest in a high-purity crystalline
silicon project with annual capacity of 45,000 metric tons and a
silicon wafer project with an annual production capacity of 15GW,
as well as develop a more extensive industrial chain
cooperation.
According to the agreement, JinkoSolar will own a 35% equity
stake in the 45,000 tons high-purity crystalline silicon
project, while Tongwei will hold a
30% equity stake in the 15GW silicon wafer project. Under the
industrial chain cooperation, the production capacity and products
of the joint venture for the high-purity crystalline silicon will
be given priority to meet the production needs of the joint venture
silicon wafer company. Wafer products produced under the jointly
invested silicon wafer project will be cost effective and price
competitive. In addition, based on the previous procurement
contract for 93,000 metric tons of polycrystalline silicon,
JinkoSolar will supply Tongwei with a total of approximately 6.5GW
of silicon wafer products for three years.
Mr. Kangping Chen, Chief
Executive Officer of JinkoSolar, commented, "As a leading global
high-purity crystalline silicon and solar cell company, Tongwei has
always been an important strategic partner of JinkoSolar. Our
Company has a vertically integrated production capacity with
cumulative module shipments exceeding 70GW by the end of 2020. This
strategic cooperation will benefit two companies from different
segments of the solar industrial chain and strengthen resource
sharing and integration within the PV industry, as well as increase
industry leadership and dominance of both parties, and jointly
create a win-win manufacturing ecosystem."
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 20 GW for mono wafers,
11 GW for solar cells, and 25 GW for solar modules, as of
September 30, 2020.
JinkoSolar has 9 productions facilities globally, 20 overseas
subsidiaries in Japan,
South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United
States, Mexico,
Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Kenya, Denmark, and global sales teams in
China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi
Arabia, Tunisia,
Morocco, Kenya, South
Africa, Costa Rica,
Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri
Lanka, Thailand,
Vietnam, Poland and Argentina, as of September 30, 2020.
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:
Ripple Zhang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3105
Email: pr@jinkosolar.com
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SOURCE JinkoSolar Holding Co., Ltd.