Foundation of Huizhou Manufacturing Base of SOFARSOLAR

On April 27, SOFARSOLAR held the foundation stone-laying ceremony of the new R&D and manufacturing project for energy products in Huizhou. The newly-built Huizhou manufacturing facility which represents an investment of 400 million yuan will cover an area of 50 mu (33,334sqm or 360,000 sqft).
The manufacturing area will be comprised of 15 inverter production lines, 10 energy storage production lines, a product three-dimensional storage and a logistics center. The R&D facility will host SOFARSOLAR global data center as well as a product testing center. After completion and when fully operational,
the target annual sales volume has been evaluated at 5 billion yuan ( approx. 770 million USD) and the sales revenue is predicted to exceed 10 billion yuan (approx: 1.5 billion USD) in 2026.