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.
