JinkoSolar Invests $500M To Build Manufacturing Facility In Vietnam

JinkoSolar Holding Co Ltd JKS is investing $500 million to build a monocrystalline ingot and wafer manufacturing facility in Quảng Ninh Province, Vietnam.
JinkoSolar has begun to work on the facility that will likely have an annual capacity of 7GW to support its existing overseas production facilities.
The local government approved the PV project in early 2021 and would likely be operational in Q1 2022.
Price Action: JKS shares traded higher by 0.78% at $42.67 in the premarket session on the last check Monday.