Singulus, Jinchen JV Offers Innovative PV Cell Solutions
- Singulus Technologies AG and Yingkou Jinchen Machinery Co Ltd join forces to revolutionize PV module production with cutting-edge technology and global expertise.
Singulus Technologies AG and Yingkou Jinchen Machinery Co Ltd have formed a joint venture, Singulus Solar GmbH, to offer PV module production lines and cell equipment for the global market. The partnership will focus on providing solutions for TOPCon and HJT cell technologies. Jinchen has over 500 GW installed in module equipment, while Singulus specializes in machines for thin-film coating and surface treatment processes.
The joint venture aims to incorporate innovative technologies into factories effectively with a global team. Singulus expects sales in the range of EUR 120 million to EUR 130 million and EBIT in the low double-digit million range for 2024. The companies are already working on projects and are prepared for more collaborations in the future.
What are the goals of Singulus Solar GmbH's joint venture with Yingkou Jinchen Machinery Co Ltd?
- To offer PV module production lines and cell equipment for the global market
- Focus on providing solutions for TOPCon and HJT cell technologies
- Incorporate innovative technologies into factories effectively with a global team
- Achieve sales in the range of EUR 120 million to EUR 130 million and EBIT in the low double-digit million range for 2024
- Work on current projects and prepare for more collaborations in the future