SHANGHAI, October 18, 2022 /PRNewswire/ — Daqo New Energy Corp. DQ (“Daqo New Energy”, the “Company” or “we”), a leading producer of high-purity polysilicon for the global solar PV industry, announced today that its subsidiaries XinjiangDaqo and Inner Mongolia Daqo have signed a five-year contract. Supply contract for pure polysilicon with a leading solar manufacturer in China.
Under the terms of the supply agreement, Xinjiang Daqo and Inner Mongolia Daqo will provide this leading manufacturing company with a total of 46,200 mt high-purity monograde polysilicon January 1, 2023 to December 31, 2027. Actual prices are negotiated monthly by both parties according to market conditions.
Mr. Longgen Zhang, Chief Executive Officer of Daqo New Energy, commented, “We are very pleased to announce another long-term high-purity polysilicon supply agreement this month. We are seeing a very clear trend that solar PV energy is going to play an increasingly important role worldwide. Our downstream customers are rapidly adding capacity, which will provide strong support for demand for high-purity monograde polysilicon.”
About Daqo New Energy
Daqo New Energy Corp. DQ (“Daqo” or the “Company”) is a leading producer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the company produces and sells high-purity polysilicon to photovoltaic product manufacturers, who process the polysilicon into ingots, wafers, cells and modules for solar energy solutions. The company has a total capacity of 105,000 tons of polysilicon and is one of the world’s lowest-cost producers of high-purity polysilicon.
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