[$150 million! Boda New Energy signed a major investment agreement in Egypt] Recently, Boda New Energy successfully held talks with the Chairman of the Suez District of Egypt in Beijing, and then officially signed its major investment agreement in Egypt under the joint witness of the Prime Minister of Egypt, the Chairman of the Suez District and the Chairman of TEDA. With a total investment of more than US$150 million, the 78,000-square-meter project aims to be built in two phases and become a leading force in the new energy industry in the Middle East. The first phase of the project, which is scheduled to start production in September 2025, will build a 2GW solar cell production line and is expected to reach annual sales of US$190 million. Liu Jingqi, chairman of Boda, looks forward to the construction of a production base with a total production capacity of 8GW in the Middle East in the future to significantly enhance the competitiveness of the regional market. Editor/Jiang Mingyue
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