Daqo New Energy's Subsidiary Announce Five-Year High-Purity Polysilicon Supply Agreement with a leading Solar Manufacturing Company in China
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 subsidiary Xinjiang Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China
SHANGHAI, Nov. 21, 2022 /PRNewswire/ -- 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 subsidiary Xinjiang Daqo had signed a five-year high-purity polysilicon supply agreement with a leading solar manufacturing company in China.
Under the supply agreement, Xinjiang Daqo will provide this leading manufacturing company with a total amount of 148,800 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, "As the overall solar PV demand continues to grow fast and the solar cell technology is expected to rapidly switch to the N-type technology in the next two to three years, we believe that our best-in-class polysilicon product and increasing capacity will enable us to greatly benefit from these trends."
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