JinkoSolar's Middle East subsidiary has announced the formation of a joint venture with Saudi Arabia’s Renewable Energy Localization Company (RELC) and Vision Industries (VI) to establish a high-efficiency solar cell and module manufacturing plant in Saudi Arabia with an annual production capacity of 10 GW. The project involves a total investment of 7.1 billion RMB, including both internal funds and external financing. In the joint venture, JinkoSolar Middle East, RELC, and VI will hold 40%, 40%, and 20% of the shares, respectively. This project aims to strengthen the strategic cooperation between the parties in the renewable energy sector and promote Saudi Arabia’s energy transition and economic development.

Li Xiande, Chairman and CEO of JinkoSolar, stated, "We are very proud to establish a strategic partnership with RELC and VI, two leaders in their respective fields. This collaboration marks another significant milestone in our global strategy, further helping us optimize our global manufacturing and marketing infrastructure, and enhance our global competitiveness. We appreciate our partners' trust in JinkoSolar's leading N-type technology and their commitment to environmental sustainability. Together with our new partners, we will work towards shaping a cleaner and brighter future."