On August 30th, the Haidong Red Lion Industrial Silicon + 100,000 tons of polysilicon project held a groundbreaking ceremony. The project mainly consists of building an industrial silicon production line and improving the Siemens polysilicon production line. The total investment of the first phase project is 10.2 billion yuan, and the construction of the first phase project will start from January 2023 to June 2024, and it will take 18 months from engineering design to mechanical completion.

The project is divided into three phases, of which the first phase is to build 150,000 tons of industrial silicon and 100,000 tons of polysilicon production devices; the second phase is to build 100,000 tons of industrial silicon and 100,000 tons of polysilicon production devices; the third phase is to build 3×5GW pulling silicon wafer production line.