Daqo New Energy Announces 39,600 MT Polysilicon Supply Agreement with LONGi

Daqo New Energy Corp. announced that it has signed a 32-month 39,600 MT ultra-high-quality polysilicon supply agreement with LONGi Green Energy Technology.

Under the terms of the supply agreement, Daqo New Energy will supply LONGi with 39,600 MT of ultra-high-quality polysilicon starting from April 2018 through the end of 2020, for use in the production of high-end mono-crystalline solar products. As part of the supply agreement, LONGi will make an advance payment on the ultra-high-quality polysilicon to Daqo New Energy.

Mr. Baoshen Zhong, Chairman of LONGi, commented, “Daqo New Energy’s polysilicon meets the stringent purity requirements we have for the production of high-efficiency mono-crystalline solar products. This supply agreement with Daqo New Energy will allow us to expand production capacity of our high-efficiency mono-crystalline solar products to meet the growing demand from our downstream customers. Daqo New Energy’s ultra-high-quality polysilicon and reliability make them the ideal strategic supplier, and we look forward to building a deeper partnership with them.”

Mr. Longgen Zhang, Chief Executive Officer of Daqo New Energy, commented, “I’m pleased that we have signed this long-term supply agreement with LONGi, the world’s leading mono-crystalline solar products manufacturer and one of global top-tier solar manufacturers. Chinese solar manufacturers rely heavily on foreign imports of polysilicon. Daqo is one of the very few Chinese polysilicon producers who can produce ultra-high-quality polysilicon domestically. I believe bringing LONGi on board as a strategic long-term customer demonstrates our reputation as a reliable and preferred supplier of high-quality polysilicon. I look forward to working closely with LONGi to further improve our ability to serve the growing demand for high-end mono-crystalline grade polysilicon.”