Great Wall Holdings to build HQ and perovskite base for its spin-off UtmoLight in Wuxi, China
Great Wall Holdings (GWH) has entered a contract to build the headquarters and a perovskite base for its spin-off company UtmoLight in Wuxi, China.
The company signed an agreement with local authorities of Wuxi’s Xishan Economic & Technological Development Zone to invest 3 billion yuan (around USD$442.2 million) in the UtmoLight project. The new headquarters and perovskite innovation industrial base will reportedly house 'the world’s first GW-grade perovskite photovoltaic module and BIPV production line'. The production line of perovskite quantum dot will feature a production capacity of 100 tonnes per year. GWH expects to see an annual production value of 2.5 billion yuan ($368.5 million) after the base is up and running.