Business
TOYO Co., Ltd. Acquires Remaining 24.99% Interest in TOYO Solar LLC
TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), ("TOYO" or the "Company"), a solar solution company, today announced that it has acquired the remaining 24.99% membership interest in its U.S. subsidiary, TOYO Solar LLC, making it a wholly owned subsidiary of the Company.
About this update from Toyo Co., Ltd
[{"type":"text","content":"TOKYO, Dec. 8, 2025 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), ("TOYO" or the "Company"), a solar solution company, today announced that it has acquired the remaining 24.99% membership interest in its U.S. subsidiary, TOYO Solar LLC, making it a wholly owned subsidiary of the Company.","length":321,"tagName":"p"},{"type":"text","content":"This transaction follows TOYO's recent strategic expansion into U.S.-based manufacturing and underscores the Company's commitment to strengthening its presence in the American solar supply chain. TOYO Solar LLC is currently advancing the development of a 2.5GW solar module manufacturing facility in Texas.","length":314,"tagName":"p"},{"type":"text","content":"Junsei Ryu, Chairman and CEO of TOYO, commented: "This acquisition marks a key milestone in our U.S. growth strategy. Full ownership of TOYO Solar LLC strengthens our operational control, aligns our long-term interests, and reinforces our commitment to delivering American-made solar solutions at scale."","length":314,"tagName":"p"},{"type":"text","content":"About TOYO Co., Ltd.","length":20,"tagName":"p"},{"type":"text","content":"TOYO is a solar solutions company committed to becoming a full-service solar solutions provider in the global market, integrating upstream production of wafers and silicon, midstream production of solar cells, downstream production of photovoltaic modules, and potentially other stages of the solar power supply chain. TOYO is well-positioned to produce high-quality solar cells at a competitive scale and cost.","length":411,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements ","length":26,"tagName":"p"},{"type":"text","content":"Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "look forward to," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will...