SAAE to Produce Polycrystalline Silicon in Inner Mongolia

Beijing, China [Xinhua Economic News Service] The Shanghai Aerospace Automobile Electromechanical Co., Ltd. (SH: 600151, SAAE) plans to set up a subsidiary in Hohhot, capital of Inner Mongolia Autonomous Region to produce polycrystalline silicon. The new company with a registered capital totaling 100 million yuan, will accelerate its preparation for submitting its polycrystalline silicon production project for approval and importing advanced technologies.

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