JinkoSolar (JKS) has released an update.
JinkoSolar has announced a strategic partnership with Renewable Energy Localization Company and Vision Industries Company to create a joint venture in Saudi Arabia, aiming to establish a manufacturing facility for 10 GW of high-efficiency solar cells and modules. The collaboration, which signifies a major step in JinkoSolar’s globalization strategy, involves a $1 billion investment and underpins Saudi Arabia’s commitment to Vision 2030’s sustainable future goals.
For further insights into JKS stock, check out TipRanks’ Stock Analysis page.