JinkoSolar
$JKS (-2,05%) the world's leading manufacturer of solar modules by volume, has announced that its planned factory in Saudi Arabia 🇸🇦 will be the world's largest for the production of high-stability N-type solar cells and modules.

The factory is scheduled to be 2026 and significantly increase the efficiency of solar cells.

The investment amounts to around 1 billion dollars and represents JinkoSolar's largest foreign investment.

With an annual production capacity of at least 10 GW of high-efficiency solar cells and modules, the factory will be the largest foreign production facility for Chinese 🇨🇳 photovoltaic products.

This will be the fourth JinkoSolar's fourth overseas production facility, following sites in Malaysia 🇲🇾, Vietnam 🇻🇳 and the United States 🇺🇸.

The new factory will enable the company to meet local demand and export technology, patents, expertise and services worldwide.