BAODING, China, Aug. 8, 2014 /PRNewswire/ -- Yingli Green Energy Holding Company Limited (NYSE: YGE) ("Yingli Green Energy" or the "Company"), the largest vertically integrated photovoltaic ("PV") module manufacturer in the world, known as " Yingli Solar," today announced that the Company has successfully completed trial production of monocrystalline ingots using new material technology. Instead of using traditional graphite crucibles when pulling monocrystalline ingots, the Company experimented with crucibles made from a carbon-carbon (C-C) composite material. Yingli's initial estimates suggest that the new material could reduce manufacturing costs by nearly 0.01 USD per watt.
While graphite crucibles are currently the most commonly used type of crucible in monocrystalline ingot formation, they are known to have low strength, short lifetimes, and a high risk of silicon leakage because the crucibles are prone to cracking during the heating process. C-C composite crucibles are not as vulnerable to these risks because they are made from a reinforced carbon fiber matrix that is low-density, high-strength, with high thermal conductivity, thermal shock resistance, and dimensional stability. Transitioning to C-C composite crucibles will reduce the per-unit cost of furnace crucibles, improve the stability of crystal pulling, and increase the utilization rate of monocrystalline silicon ingots by approximately 3%. Mr. Liansheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy, commented, "Our pursuit of innovative manufacturing processes has played a key role in Yingli's growth trajectory. As the world's largest vertically integrated PV manufacturer, we are dedicated to continuous improvement on our manufacturing lines and frequently experiment with new material and technologies. Our priorities are to improve efficiency, reduce costs, and deliver high product quality, so that we can maximize value for our global partners and bring affordable green energy to all." About Yingli Green Energy Yingli Green Energy Holding Company Limited (NYSE: YGE), known as " Yingli Solar," is the world's largest photovoltaic module manufacturer in terms of production capacity and shipments. Yingli Green Energy's manufacturing covers the photovoltaic value chain from ingot casting and wafering through solar cell production and module assembly. Headquartered in Baoding, China, Yingli Green Energy has more than 30 regional subsidiaries and branch offices and has distributed more than 10,000 MW PV modules to customers worldwide. For more information, please visit www.yinglisolar.com and join the conversation on Facebook, Twitter and Weibo. Safe Harbor Statement This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yingli Green Energy's control, which may cause Yingli Green Energy's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in Yingli Green Energy's filings with the U.S. Securities and Exchange Commission. Yingli Green Energy does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.