South Korea’s largest technology company, LG Electronics, announced on the 9th that the company has successfully developed high-efficiency solar cells, which is the most efficient solar cell in the world.

It is understood that LG's R & D of solar cells is the use of 156X156 single crystal silicon wafer materials, the success of the solar cell efficiency to an average of 20.6%, up to 20.7%. This far exceeds the previous 19% of solar cell conversion efficiency.

According to LG Electronics, the successful development of the product shows that the company has world-class technology in the field of solar cells. We will continue to develop new products that lead the market through R&D.

At present, all countries in the world are aware of the importance of solar cell business. Last year, the Korean Ministry of Knowledge Economy announced that the government and the private sector will invest US$648 million in five R&D projects. One of the projects is solar cells. A team of LG, Samsung and others will jointly develop a new generation of solar cells. In fact, LG and Samsung have different technical fields in solar cell research. LG is based on silicon materials, and Samsung's technology is based on copper and other materials.

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