BYD Building Solar Cell Plant in Shangluo

Tuesday, Dec 16, 2008

Chinas leading battery producer BYD Co., Ltd. startsbuilding a solar cell project in Shangluo, ShaanxiProvince. The company plans to invest CNY 450 million in the first phase of theproject, which is expected to be able to turn out solar cells of 100 megawattsper year and create sales revenue of CNY 1.024 billion.

The first phase, covering a plot of land of 270,000 squaremeters large, will be built up one year later. The total investment in theproject is expected to reach CNY 2.5 billion, local media said. It is thelargest project in terms of investment in Shangluo City.

Shangluo has rich mineral resources, especially thehigh-purity silicon ore, which is the main raw material for solar cell production. Wang Chuanfu, chairman and president of BYD, had led a team tosurvey Shangluo at the end of this November and inked development contract of asolar cell plant with the local government.