Daqo New Energy’s Subsidiaries Announce Two High-Purity Polysilicon Supply Agreements with LONGi and another Solar Manufacturing Company in China – EQ Mag
SHANGHAI : Daqo New Energy Corp. (NYSE: DQ) (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its subsidiaries had signed two long-term high-purity polysilicon supply agreements with LONGi Green Energy (including its subsidiaries) (“LONGi”) and another solar manufacturing company in China, respectively.
Under the supply agreement with LONGi, Daqo New Energy’s subsidiary Inner Mongilia Daqo will provide LONGi with a total amount of 251,280 MT high-purity mono-grade polysilicon from May 2023 to December 2027. Actual prices will be negotiated by both parties monthly according to market conditions.
Under the supply agreement with another solar manufacturing company, Xinjiang Daqo and Inner Mongolia Daqo will provide it with 27,600 MT high-purity mono-grade polysilicon from January 2023 to December 2027. Actual prices will be negotiated by both parties monthly according to market conditions.
Mr. Longgen Zhang, chief executive officer of Daqo New Energy, commented, “We are always aiming to better serve our downstream customers with the best-in-class high quality polysilicon products to facilitate the progress of continuous improvement in conversion efficiency. We expect the next generation of N-type cell technology will increase its market share rapidly in the next two to three years which will provide an opportunity to high-quality polysilicon providers to outperform among the peers.”
About Daqo New Energy
Daqo New Energy Corp. (NYSE: DQ) (“Daqo” or the “Company”) is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 105,000 metric tons and is one of the world’s lowest-cost producers of high-purity polysilicon.