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 New Energy had signed long-term high-purity polysilicon supply agreements with a subsidiary of JA Solar (SZ:002459).
Under the supply agreement with JA Solar, Daqo New Energy will provide JA Solar with high-purity mono-grade polysilicon in a total amount of approximately 78,200 MT between July 2021 and December 2025. Actual volume and prices will be negotiated monthly by both parties according to market conditions. As part of the supply agreement, JA Solar will make an advance payment to Daqo New Energy.
Mr. Longgen Zhang, Chief Executive Officer of Daqo New Energy, commented, "We are very pleased to further strengthen our cooperation with JA Solar, a leading company of high-quality and high-efficiency solar PV products and solutions. With our Phase 4B project expected to come online in Q1 2022, we will enter another growth phase and be able to provide more ultra-high purity polysilicon to the market. We look forward to continuing to work together with our customers to provide more first-class products and solutions to the fast-growing global solar PV market."
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Source: Daqo New Energy Corp.
Date: May 12, 2021
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