LONGi Green Energy announced on March 13 that the company signed the "Investment Cooperation Agreement" and the "Supplementary Agreement to the Investment Cooperation Agreement" on March 12, 2022 and August 14, 2022 with the People's Government of Ordos City and the People's Government of Yijin Horo Banner 》, the company reached a cooperation intention on the investment and construction of the Mengsu Economic Development Zone, Ejinhuoluo Banner, Ordos City, Inner Mongolia Autonomous Region, with an annual output of 46GW monocrystalline silicon rod and slice project, 30GW high-efficiency monocrystalline cell project and 5GW high-efficiency photovoltaic module project.
In order to promote the construction of the above-mentioned 30GW high-efficiency monocrystalline battery investment project, the company's board of directors reviewed and approved the "Proposal on Investing in the Construction of a 30GW Annual Production of High-efficiency Monocrystalline Battery Project in Ordos". The company plans to invest 7.777 billion yuan in the Ordos high-efficiency monocrystalline battery project with an annual output of 30GW. After the project is completed and reaches production capacity, it is expected to achieve an average annual operating income of 17.98991 billion yuan and an average annual net profit of 2.92177 billion yuan (based on reasonable predictions based on market conditions and does not constitute a performance commitment. ).