Toyo publishes investor deck outlining non-FEOC solar manufacturing expansion, HJT cell plans in Texas

TOYO Co., Ltd

TOYO Co., Ltd

TOYO

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  • Toyo outlined scaled solar manufacturing with 6 GW cell capacity across Vietnam (2 GW) and Ethiopia (4 GW).
  • U.S. module assembly footprint targets 2 GW capacity by 2026, with 1 GW operating at a Houston-area site in Humble, Texas.
  • Planned Texas HJT cell plant targets 1.5 GW initial capacity, USD 357 million investment, 20-month build, pilot production in Q1 2028.
  • Reported Q1 2026 revenue of USD 142.8 million, with 1.45 GW of solar cells shipped globally during the quarter.
  • Brand acquisition of VSUN positions the group for U.S. utility-scale demand, citing roughly 11.7 GW supplied to the U.S. market historically.


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