TOYO Co., Ltd to Acquire Solar Module Manufacturing Facility in Texas
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TOYO Co., Ltd, a solar solution company, is set to acquire Solar Plus Technology Texas LLC to establish a solar module manufacturing facility in Texas. The facility will initially have a capacity of 2.5 gigawatts, with plans to expand to 6.5 gigawatts by 2029.
November 25, 2024 | 1:15 pm
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TOYO Co., Ltd is acquiring Solar Plus Technology Texas LLC to establish a solar module manufacturing facility in Texas, enhancing its 'made-in-America' strategy with an initial capacity of 2.5 GW.
The acquisition of Solar Plus Technology Texas LLC by TOYO Co., Ltd is a strategic move to increase its manufacturing capacity in the US, aligning with the 'made-in-America' initiative. This expansion is likely to positively impact TOYO's stock price in the short term as it enhances production capabilities and market presence.
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IMPORTANCE 90
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