Woongjin Polysilicon Co., a South Korean manufacturer of polysilicon, said Wednesday that it has won a US$200 million order to provide the material used in solar-panel cells to a unit of Chinese carmaker BYD Co.
Under the deal with BYD Shangluo Industry Co., Woongjin Polysilicon will provide the material. But the South Korean firm did not elaborate on other terms of the deal, including the duration of the contract.
Woongjin Polysilicon, a unit of Woonjin Group, currently operates a plant in South Korea that produces 5,000 tons of polysilicon.
Earlier this year, BYD started construction of its second solar battery production line. BYD's annual production capacity is estimated at 100 megawatts.
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