On 27 June 2023, Shanghai Aiko Solar Energy Co., Ltd. (AIKO)(SH：600732), a professional manufacturer engaged in the R&D, production, sales and service of solar cells, announced its intention to raise up to 6 billion yuan from not more than 35 specific investors for the six phases of the 15GW high-efficiency crystalline solar cell project in Yiwu City and to supplement its working capital.

As part of AIKO’s 36GW high-efficiency solar cell project signed with the Yiwu Management Committee with a total investment of 7.661 billion yuan, the company now plans to upgrade the sixth phase of the project to produce the new generation of n-type ABC cells to meet the market demand for double-sided high-efficiency crystalline silicon cells. The upgrade will bring the total investment to 8.516 billion yuan. The project is designed to reach 15GW of production capacity within 18 months.

（Picture: Veer）