TOYO Co., Ltd. entered the European market on 3 November 2025 by signing a strategic partnership with French photovoltaic panel manufacturer Voltec Solar. The agreement makes TOYO the official supplier of high‑performance, low‑carbon solar cells for Voltec Solar’s production lines.
The signing ceremony took place at TOYO’s production base in Vietnam, where senior executives from both companies met. Voltec Solar’s COO and CTO confirmed that the partnership will allow the company to integrate TOYO’s certified cells into its panels, helping it maintain its Certisolis carbon‑footprint certification and meet the EU Net‑Zero Industry Act requirements.
TOYO’s first‑half 2025 financial results showed a 0.7% increase in revenue compared with the same period last year, while Non‑GAAP Adjusted EBITDA and gross profit margin fell due to higher raw‑material costs. The company projects shipments of 4.2–4.4 GW for the full year 2025, exceeding prior guidance.
Voltec Solar has been investing in perovskite‑silicon tandem technology and secured funding for further development. The partnership is expected to strengthen Voltec Solar’s supply‑chain resilience and support its expansion into the growing European market, where demand for certified, low‑carbon panels remains high.
The collaboration aligns with EU sustainability goals and positions both companies to capture opportunities in a market that increasingly prioritizes low‑carbon solutions. TOYO’s expansion into Europe marks a significant operational milestone in its global strategy, while Voltec Solar gains a reliable source of certified solar cells to meet stringent European standards.
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