On September 19, Golden Solar New Energy Technology Holdings Limited, a company listed on the Hong Kong Stock Exchange (referred to as " Golden Solar"), announced that its indirect wholly-owned subsidiary, Golden Solar (Quanzhou) New Energy Technology Co., Ltd. (referred to as " Golden Solar (Quanzhou)"), had entered into a joint venture agreement with JP-Solar Power（Fujian） Company Limited. (referred to as "JP-Solar") and Xi’an Longi Leye Photovoltaic Technology Co., Ltd. (referred to as "Xi’an Longi Leye") to establish a joint venture company named Jinlong (Xi’an) New Energy Technology Co., Ltd. The registered capital of the joint venture is RMB 659 million, with investment proportions from JP-Solar, Golden Solar (Quanzhou), and Longi being 52.51%, 27.31%, and 20.18%, respectively.
The joint venture company, Jinlong (Xi’an) New Energy Technology Co., Ltd., will be engaged in the production and sales of solar cells, subject to final registration approval by the Xi’an Market Supervision Bureau or the State Administration for Market Regulation in China.
It is reported that Jinlong (Xi’an) New Energy Technology Co., Ltd. will primarily produce HBC solar cells, upgrading four PERC production lines at Longi's Xi’an Aerospace Industrial Base to high-efficiency HBC production lines. In the future, the joint venture will sell most of the HBC solar cells it produces to Longi or its affiliated companies, which will further package them into components for sale.
The announcement also stated that Golden Solar (Quanzhou) will, at its own expense, maintain the validity of the intellectual property rights related to HBC products during the term of the joint venture agreement. Within 60 working days of the establishment of the joint venture company, Golden Solar (Quanzhou) is required to enter into an intellectual property license agreement with the joint venture company, granting a license for the use of all intellectual property necessary for the production and manufacturing of HBC products in exchange for a licensing fee.
The announcement noted that the new HBC product technology offers higher efficiency and other advantages. The board believes that through this collaboration, the group will be able to commercialize HBC product technology and replicate this business model in the future, generating superior returns for shareholders.
Golden Solar (Quanzhou), formerly known as Golden Sun Company, has been operating in the solar energy industry since 1990. In 2021, it was strategically transformed by Golden Solar New Energy into a company focused on the research, development, manufacturing, and sale of flexible solar cells, modules, equipment, and other new materials. Golden Solar New Energy, formerly known as Baofeng Fashion International Holdings Limited, is an investment holding company.
JP-Solar, established in 2017, is one of China’s earliest 700 MW-scale high-efficiency heterojunction cell production bases. Its HDT high-efficiency heterojunction solar cells have achieved a maximum mass-production conversion efficiency of over 25.31%, and it is the only company with both silver grid and copper grid heterojunction cell production technology. The full English name of "HDT high-efficiency heterojunction solar cell technology" is High Efficiency Heterojunction Double-sided Technology, which refers to a double-sided heterojunction structure that allows light absorption and power generation on both sides. It offers advantages such as low processing temperature, high conversion efficiency, and excellent high-temperature characteristics.
Xi’an Longi Leye, established in 2017, is fully owned by Longi Leye Photovoltaic Technology Co., Ltd., a wholly-owned subsidiary of Longi Green Energy.
Source：https://mp.weixin.qq.com/s/NsVM0tHVE6ZOitDo-fa6vw
