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Zhengtai Group announced its high-profile expansion into the solar energy industry in Hangzhou, and revealed that the low-voltage and solar photovoltaic industry will soon be listed in China and the United States.
The Chint Group founded by Nan Cunhui is the leader of low-voltage electrical appliances in China and the leader of low-voltage electrical appliances in Asia, ranking third in the world. Not long ago, Chint had just won a lawsuit against Schneider for infringing Chint’s intellectual property rights, and Schneider’s joint venture with Delixi, the second largest electric appliance company in China, had just been approved by the Ministry of Commerce, regaining a more influential situation.
While being inextricably linked to Schneider, the world leader in low-voltage electrical appliances, Nan Cunhui also entered the ranks of Shi Zhengrong of Wuxi Suntech and Peng Xiaofeng of Jiangxi Saiwei.
In May of this year, the first domestic solar cell automatic production line established by Zhengtai Solar was put into full production, and it is estimated that the export value of 100 million yuan will be completed before the end of the year. The second phase of the plant, which was laid just last weekend, plans to invest 1 billion yuan for factory construction and second-generation thin-film solar cell production. It is estimated that the production capacity will reach 300 MW by 2010 and the annual output value will be 12 billion yuan. In fact, the company’s order worth 1 billion yuan next year is now “divided†by customers.
In contrast, Chint has slowed down in the field of low-voltage electrical appliances. The joint venture between Schneider and Delixi is believed to drive further fierce competition in the entire industry. At present, the profit of the industry has been very guaranteed. The six categories of low-voltage products jointly produced by Schneider and Delixi are the main products of the low-voltage electrical industry.
"We are actively promoting the low-voltage electrical business to be listed in China, and relying on the power of capital to promote the integration of the industry." Nan Cunhui said. According to a recent Shanghai media, Chint’s low-voltage business will be listed in domestic A-shares, and the sponsor is Guotai Junan. Another source said that this process can be completed by the end of the year.
The solar cell business's listing in the US looks more like Chint's latest decision. Not long ago, Dr. Yang Liyou, the director and general manager of Zhejiang Zhengtai Solar Technology Co., Ltd., was still unable to determine the answer to the question of whether solar energy was listed. Last week, Nan Cunhui said with certainty: "(Solar business) originally planned to be listed in the US in 2009, now look Come, you can be on Wall Street in 2008."
Nan Cunhui said: "Low-voltage electrical appliances have been on the market for more than 20 years, and solar energy can be listed in just two years." He expressed the feeling that the institutional advantages, labor and price advantages of private enterprises in Zhejiang are weakening. In the new stage, efforts should be made. Develop technological advantages and human capital advantages.
Nan Cunhui is proud to persuade Yang Liyou to join Chint. Yang Liyou is a Ph.D. student at the physicist Li Zhengdao. He is an expert in second-generation thin-film solar cell research in the United States for many years. He has 18 projects in the field of solar cells and other optoelectronic devices. Patent. Yang Liyou said that the production cost of the second-generation thin-film solar cells that will be launched is one-third lower than that of crystalline silicon solar cells.
After the crystalline silicon production capacity reaches 100 MW, Chint will mass-produce this second-generation solar cell. Wuxi Suntech also announced that it will mass produce this amorphous silicon thin film solar cell in 2008.
According to insiders, Yang Liyou is mastering the second-generation thin-film solar technology that the United States has industrialized, and Wuxi Suntech’s technology is from Australia. By then, the competition between the two companies will be fierce. In fact, before the completion of the new base of Chint solar cells, fierce competition for talents has already begun between these companies.
This person said that the reason why Chint is listed in the US so soon is because the team responsible for the A-share listing can fully promote the US listing after completing the domestic listing plan. It is said that Chint has been hesitating for seven years in order to "not listed." Reading era
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