On October 13, Tongwei Group and Industrial Bank signed a loan cooperation agreement for Yongxiang New Energy's high-purity silicon phase II project with an annual capacity of 40,000t.

The project is planned to be completed and put into commercial production at the end of 2021, when Tongwei Group will have a production capacity of over 120,000t for high-purity crystal silicon and its capacity and sales would rank the first in the world. Besides, the company is able to supply N-type monocrystalline silicon in bulk at that time.