Tongwei has revealed that its six subsidiaries have signed a sales agreement for monocrystalline polysilicon material with nine subsidiaries of Longi. The terms of the agreement state that Longi will purchase a minimum of 862,400 tons of polysilicon from Tongwei between 2024 and 2026. The price for this transaction will be subject to monthly negotiations between the parties. Based on the latest domestic n-type silicon transaction price of CNY 45,300 ($6,265) per tonne announced by the China Nonferrous Metals Industry Association (CNMIA) on May 8, the total value of the contract is estimated at approximately CNY 39.1 billion . The collaboration between Tongwei and Longi marks a continuation of their previous partnerships, with significant sales contracts signed in 2018 and 2022.
Cloud Live Tech Group (CLTP), a newcomer in the PV sector, has announced an agreement with Das Solar for n-type TOPCon cells with an efficiency of 24.7% and higher. The contract describes the delivery of the cells to Das Solar in batches, with a total estimated sales volume of 1,408 MW. Deliveries are planned on a monthly basis, with expected completion by the end of 2024. CLTP has also completed a contract to supply 1.6 GW of N-type monocrystalline cells to GCL SI by November 2024. These deliveries will take place on a monthly basis, at a nominal return of at least 24.6%
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