JIANGSU PROVINCE, China -- An investment boom is taking place in China for perovskite, the light and flexible solar cell technology developed in Japan, with startups building factories and working towards mass production with the hope of grabbing a large piece of the new market.
The startup UtmoLight is nearing completion of a 3 billion yuan ($424 million) plant in Wuxi, Jiangsu province, that the company says will be the world's first gigawatt-class production site for perovskite solar cells.
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