[Haichuan New Energy] Construction begins on 20GW single-crystal rod production project in Delingha with a total investment of 35 billion yuan

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Recently, the groundbreaking ceremony for Qinghai LeadBao New Materials Co., Ltd.’s 20GW single-crystal rod production project was held in Delingha. It is reported that once the project reaches full capacity, it will be able to produce 400,000 tons of metallic silicon, 200,000 tons of polysilicon, and 60 GW of monocrystalline silicon per year. The annual output value will exceed 100 billion yuan, with profits and taxes amounting to nearly 3 billion yuan. The first phase of this project is planned to involve an investment of 3.5 billion, with production output exceeding 10 billion upon full operation. The project utilizes the first gravity energy storage system of its kind in China for energy storage, thereby enabling the rational and efficient use of wind and solar energy. The first phase of this project, which is now under construction, is planned to require an investment of 3.5 billion yuan; the construction period will be 6 months. Once completed, it is expected to generate profits and taxes in the amount of over 200 million yuan, while also creating employment for more than a thousand people. In the future, the company also plans to build projects such as single-crystal pulling rods (Phase 2), as well as metal silicon and polysilicon production facilities.