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China — Daqo New Energy announced that it had completed the construction and begun pilot production at its new 35,000 MT Phase 4B polysilicon production facility.

The Company expects its Phase 4B polysilicon production facility to gradually ramp-up to full production capacity and to increase its total annual production capacity to 105,000 MT by the end of the first quarter of 2022.

Mr. Longgen Zhang, CEO of Daqo New Energy, commented, “We are very excited to have completed the construction in our new Phase 4B polysilicon production facility. We have already successfully harvested the first batch of polysilicon produced in the new facility. We expect to ramp up the new Phase 4B facility to full capacity by the end of March 2022.”

“As one of the first-tier high-quality polysilicon providers, we will continue to execute our three-year plan to expand our production capacity to 270,000 MT by the end of 2024, to meet the world’s urgent need for cost-effective and clean non-carbon energy generation. At the same time, we will continue to improve our product quality to be market-ready for the next generation N-type technology. With the proceeds from the successful IPO of our subsidiary, Xinjiang Daqo, on China’s A-share market, our proven strong execution capabilities, deep understanding of our customers’ needs, and our advantages in cost structure and product quality, we have a strong foundation to continue to serve the fast-growing solar PV market and create value for our shareholders.”

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