In other news, Longi said its operating conditions are expected to improve after a CNY 3.68 billion ($542 million) first-half loss, while GCL SI and Ant Digital Technologies agreed to develop an AI-enabled carbon-management platform. JinkoSolar, meanwhile, proposed renaming its overseas parent Jinko Holdings Limited as it expands beyond solar manufacturing into strategic investments.
Tongwei said it has largely completed auditing, valuation and other due-diligence work for its planned acquisition of a 100% stake in Qinghai Lihao Clean Energy. The company has also received antitrust clearance from China’s State Administration for Market Regulation, removing a key regulatory hurdle for the transaction. Tongwei said in August that the acquisition had entered the final stage of negotiations over the transaction plan. Qinghai Lihao is a privately held joint-stock company registered in 2021 in Xining, Qinghai province. Its business scope includes electronic materials and related manufacturing and trading activities. Industry reports describe Lihao as a rapidly scaling polysilicon producer leveraging Qinghai’s renewable power resources. Public reporting on its buildout indicates that a first-phase 50,000 metric ton polysilicon project reached commissioning in 2022, with longer-term capacity ambitions reported to be significantly higher.
