Daqo New Energy to Invest RMB 6B in AI Data Center Energy Solutions Base

Daqo New Energy Corp. announced that its subsidiary, Daqo Energy Technology (Shanghai) Co., Ltd., signed an investment agreement to establish a new manufacturing base in the Kunshan Economic and Technological Development Zone. This base will focus on next-generation energy solutions for AI data centers, including energy storage systems, solid-state transformers, solid-state circuit breakers, and solid-state batteries. The project is expected to involve a total investment of approximately RMB 6 billion, with Phase 1 costing RMB 2.1 billion. This strategic move aims to diversify the company's product portfolio and capitalize on the growing demand from AIDCs.