The Zhongshan People's Government and Mingyang Group signed an agreement on January 1, announcing the settlement of the Mingyang's new energy high-end equipment manufacturing projects with a total investment of 15 billion yuan in Zhongshan.

Under this agreement, Mingyang will invest in constructing 10 intelligent production lines for the world's third-generation heterojunction solar power generation equipment, the intelligent electric and hydrogen industry park (Phase 1), the dual-carbon economy industrial park (Phase 1) among other high-end equipment manufacturing projects in Zhongshan, with a total investment of 15 billion yuan, a total construction period of 5 years, and a total output value of 40 billion yuan at their full capacity.

"Mingyang is an enterprise originated from Zhongshan and grow into a global enterprise" said Mingyang's chairman Zhang Chuanwei, adding that Mingyang Group hopes to create new pillars for Zhongshan's new energy equipment manufacturing with the investment of 15 billion yuan by building two headquarters bases for innovation and R&D, as well as three industrial parks for the photovoltaic, hydrogen energy and dual-carbon sectors.

Founded in Zhongshan in 1993, Mingyang Group has developed into one of China's top 500 enterprises and the world top 500 new energy enterprises over the past 30 years. It is heading towards the goal of becoming one of the Fortune Global 500 enterprises.