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Inner Mongolia Hohhot Economic Development Zone signs 10GW photovoltaic N-type cell production project

On August 8, the Management Committee of Inner Mongolia Hohhot Economic and Technological Development Zone and Huayao Photoelectric Technology Co., Ltd. held a signing ceremony for the 10GW photovoltaic N-type cell production project.

The project is located in the New Energy and New Materials Park, Shaerqin Industrial Zone, Hohhot Economic and Technological Development Zone, and covers an area of about 82.37 acres. With the total investment of about RMB6 billion (USD888 million), the project mainly builds 10GW photovoltaic N-type cell production lines. The project will be completed in two phases. The first phase will build 2GW project, with an output value of about RMB2.4 billion (USD355 million) and a tax revenue of RMB160 million (USD23.68 million); the second phase will build 8GW project, with an output value of about RMB9.6 billion (USD1.42 billion) and a tax revenue of RMB640 million (USD94.72 million). The first phase is expected to start construction in the first half of 2023 and be put into operation in 2024; the second phase is expected to start construction in 2024 and be put into operation by the end of 2026. After the project is completed, it is expected to achieve the sales revenue of about RMB12 billion (USD1.78 billion) and the tax revenue of about RMB800 million (USD118 million) per year.