China Shares: will provide 5000 MW batteries and photovoltaic components for Yellow River Hydropower

On May 12, 2018, Suzhou Zhonglai Guangfu New Materials Co., Ltd. and the National Electric Power Group Huanghe Upstream Hydropower Development Co., Ltd. signed the "Framework Agreement on the Sales of Batteries and Components". In the future, the two sides will jointly develop domestic new energy markets. Projects form a new development advantage.

The announcement stated that in the future, Suzhou Zhonglai Guangfu New Materials Co., Ltd. will provide batteries and photovoltaic components in batches for the National Electric Power Group Huanghe Upstream Hydropower Development Co., Ltd.. The specific delivery time is: 1000 MW(N-type single-crystal double-sided TOPCon) delivered in 2019, 2000 MW(N-type single-crystal double-sided TOPCon) delivered in 2020, and 2000 MW(N-type single-crystal double-sided TOPCon) delivered in 2021.

The two sides will make use of their respective advantages in the field of new energy. In-depth cooperation as a strategic partner in industry information sharing, project development, engineering investigation, design consultation, engineering design qualifications, engineering general contracting, investment and financing: National Electric Power Group Huanghe River Hydropower Development Co., Ltd. has advanced fully automatic silicon chip production equipment, battery production equipment and components Production equipment and complete detection means; The N-type single-crystal double-sided TOPCon battery conversion developed by Suzhou Zhonglai Guangfu New Materials Co., Ltd. has excellent efficiency, which is conducive to better reducing the cost of electricity.

Zhonglai SHARES believe that the signing of this framework agreement has fully brought into play the advantages of Zhonglai shares and Yellow River Hydropower in the new energy field market competition and technical resources, and further expanded the company's N-type single-crystal battery sales scale, in line with the development strategy. We believe that through strong joint cooperation between the two sides, we will surely create more valuable and effective products.

The National Electric Investment Group Huanghe Upstream Hydropower Development Co., Ltd. is a large-scale integrated energy company controlled by the National Electric Power Investment Corporation. It was established in October 1999 and is currently engaged in the development and construction of power stations. Production, operation, testing and maintenance of power stations; Production and sale of Silicon products and solar cells and components; Production and sale of electrolytic aluminum; Mineral resources development and other services. So far, a total of 450 billion kilowatt-hours of power generation have been completed, and the total assets have reached 90.5 billion yuan. It is the backbone industrial cluster of the National Electric Investment Group.

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