Core Insights - TOYO Co., Ltd hosted Ethiopian Prime Minister Abiy Ahmed at its solar cell production facility, highlighting the company's commitment to renewable energy and technological innovation [1][2] - The Ethiopian facility is expanding from 2 GW to 4 GW capacity, with completion expected by July 2025 and production starting in August 2025, aligning with global demand for solar cells [3] - Prime Minister Abiy Ahmed invited TOYO's parent company, Abalance Group, to participate in developing photovoltaic power plants in Ethiopia, aiming to enhance strategic cooperation and support national green energy goals [4] Company Overview - TOYO is focused on becoming a full-service solar solutions provider, integrating various stages of the solar power supply chain, including upstream production of wafers and silicon, midstream production of solar cells, and downstream production of photovoltaic modules [6] - The company emphasizes its dedication to advancing clean energy solutions globally through innovative technologies and a robust supply chain [5]
Ethiopian Prime Minister Visits TOYO Facility in Vietnam, Strengthening Strategic Collaboration in Renewable Energy