TCL Zhonghuan, the Chinese photovoltaic silicon wafer maker, has recently announced plans to construct a new solar cell plant in Guangzhou Development Zone of Guangdong Province, southern China. According to the company, the 25GW facility will require an investment of RMB10.6 billion ($1.54 billion), and will mainly produce G12 N-Type TOPCon cells. The plant is expected to be operational in the first half of 2024 and will have an annual output value of RMB16 billion ($2.33 billion) at full capacity.

During the project signing ceremony, TCL's founder and chairman, Li Dongsheng, emphasized the company's commitment to promoting high-quality development in the technology manufacturing industry through investments in industrial bases and technology innovation centers.

As an "Industry 4.0 intelligent plant," the new facility will incorporate equipment automation and digital technology to optimize the entire production process. Additionally, TCL Zhonghuan's new plant will be located next to the 8.6th generation oxide semiconductor new display plant of TCL CSOT, another subsidiary of TCL and a leading display provider. According to TCL Zhonghuan, the RMB35 billion ($5.08 billion) display project has a monthly production capacity of 180,000 glass substrates and began mass production on April 6th of this year.