Quzhou Xinyi New Energy Co., Ltd. is a company founded by industry leaders and mainly invested by government industrial funds, mainly engaged in the research, development, manufacture and sales of new high-efficiency crystalline silicon batteries and components. The company was established in March 2023, with a total investment of 6.5 billion yuan. The construction scale is 8GW solar high-efficiency battery and 12GW solar high-efficiency module, which is currently in the design and construction stage.