Core Insights - TOYO Co., Ltd has acquired the remaining 24.99% membership interest in its U.S. subsidiary, TOYO Solar LLC, making it a wholly owned subsidiary [1] - This acquisition is part of TOYO's strategic expansion into U.S.-based manufacturing, reinforcing its commitment to the American solar supply chain [2] - The company is developing a 2.5GW solar module manufacturing facility in Texas, which is a significant step in its growth strategy [2] Company Strategy - The acquisition enhances TOYO's operational control and aligns its long-term interests, emphasizing its commitment to delivering American-made solar solutions at scale [3] - TOYO aims to become 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 [3] - The company is positioned to produce high-quality solar cells competitively in terms of scale and cost [3]
TOYO Co., Ltd. Acquires Remaining 24.99% Interest in TOYO Solar LLC