PV stocks picked up in early trading. As of press release, Follett Glass (06865) rose 3.62% to HK$16.62; GCL Technology (03800) rose 3.45% to HK$1.5; GCL New Energy (00451) rose 3.09% to HK$0.5; and Xinte Energy (01799) rose 1.6% to HK$9.52.
The Zhitong Finance App learned that PV stocks picked up in early trading. As of press release, Follett Glass (06865) rose 3.62% to HK$16.62; GCL Technology (03800) rose 3.45% to HK$1.5; GCL New Energy (00451) rose 3.09% to HK$0.5; and Xinte Energy (01799) rose 1.6% to HK$9.52.
According to the news, Saudi Neom-Oxagon CEO Vishal Wanchoo and his entourage visited Jinko Energy's Shanghai headquarters. Earlier, there were market rumors that Saudi Crown Prince Mohammed bin Salman's New Future City is on a global roadshow. Saudi Arabia plans to invest hundreds of billions of dollars to develop green energy. The first batch will build several world-class photovoltaic projects, and it is expected that Chinese manufacturers will get the largest share. However, some analysts pointed out at the time that the credibility of the above rumor was questionable.
According to reports, since last year, photovoltaic companies including GCL Technology, TCL Central, Trina Solar, and CITIC Expo have announced investment plans in the Middle East, with planned production capacity involving polysilicon, silicon wafers, battery modules, and auxiliary materials. According to InfoLinkConsulting statistics, PV demand in the Middle East will be about 20.5GW-23.6GW in 2023.