22.4 C

Jolywood to raise money for 8 GW n-type TOPCon facility

On March 23, Jolywood issued the draft of the prospectus for specific investors to issue no more than 326,888,207 ordinary shares on A-shares. The raised funds will not exceed 2.5 billion yuan, which will be used for a smart factory project (Phase I) with an annual output of 16 GW high-efficiency mono cells and to supplement working capital.


The announcement shows that the factory, which will take 24 months to complete, will manufacture N-type TOPCon cells.

Jolywood has been engaged in the development of n-type high-efficiency cell technologies for many years. The company has a number of patents for TOPCon and IBC cells.

The company is regarded as one of the Chinese companies with the highest production capacity and output of n-type TOPCon cell and modules.

The highest conversion efficiency of its commercial cells has reached 24.5%. The company has also launched a variety of module products such as Niwa Super large-size n-type TOPCon modules and Niwa Black all-black modules.

Jolywood said that when the factory reaches its designed capacity, it will add 8 GW of n-type mono cell production capacity, thereby further consolidating the company's advantage in the n-type cell market.

It can also enhance its ability to meet customers' need for high-efficiency cell and module products, improve the company's overall profitability, and enhance the company's sustainable development capabilities.


Please enter your comment!
Please enter your name here

You Might Also Like

Silfab Solar unveils US-produced TOPCon solar modules

North American-based Silfab Solar has revealed its plans to introduce TOPCon solar modules in early 2024. The company is targeting the U.S. commercial and...

DAS Solar’s TOPCon 4.0 technology sets 26.33% efficiency record

Chinese module manufacturer DAS Solar has broken a world record with its n-type TOPCon solar cells, powered by the in-house TOPCon 4.0 technology. According to...

TW Solar claims 26.49% efficiency with nanocrystalline technology

TW Solar told investors that it has completed the development of bifacial nanocrystalline technology on its THC heterojunction production line, bringing the cell efficiency...
Join Our Newsletter

Latest Event

Solar Focus | Unlock Vast Solar Power Potential in Indonesia

On June 29, Solarbe will invite experts from S&P Global, JA Solar and other leading players in the Latin American market to discuss the current status and future outlook of the region's solar market.

Latest article

DMEGC Solar Powers Module Production Entirely with 100% Green Energy

Recently, the globally recognized testing and certification body TÜV SÜD granted DMEGC Solar a certification confirming 100% renewable energy consumption and verified greenhouse gas...

Huawei, Sungrow, Solis, Growatt, and GoodWe secure top spots in global inverter shipments in 2022

Global solar photovoltaic (PV) inverter shipments reached a record high in 2022, surpassing 330 gigawatts (GWac), according to a recent analysis by Wood Mackenzie....

LONGi ventures into HPBC Pro cell technology with 12 GW facility

LONGi Green Energy has unveiled plans to invest in its first-ever HPBC pro solar cell facility in Tongchuan, China. This decision reflects LONGi's commitment...

JA Solar set to reach 57 GW n-type cell production capacity by 2023

JA Solar revealed in a recent investor briefing that the company’s n-type solar cell production capacity is expected to reach 57 GW by the...