FLASH: Aiko Solar to invest Yuan 1.15 Billion in Converting Tianjin PERC Capacity into 6GW ABC Cell Capacity

On October 21, Aiko Solar announced that the company plans to upgrade and convert the existing PERC cell capacity at its Tianjin base into 6GW of ABC cell capacity. The project is expected to involve a total investment of Yuan 1.15 billion, including Yuan 1.131 billion in fixed asset investment and Yuan 19 million in initial and operating working capital. The investment covers targeted process upgrades to reusable equipment as well as the procurement of some new equipment in accordance with BC process requirements. The Company will maximize the reuse and retrofit of existing production line equipment and purchase some new equipment according to ABC process requirements to meet production needs.