DAQO New Energy Corp. is a vertically integrated manufacturer and supplier of high-purity polysilicon and monocrystalline silicon wafers for the global solar photovoltaic (PV) industry. Founded in 2008 by industry veteran Qu Xiaohua, the company has grown from its initial polysilicon production facility in Shihezi, Xinjiang, into a leading provider of essential materials that underpin the rapid expansion of solar power worldwide. DAQO’s commitment to technological innovation and cost-efficient production has enabled it to achieve competitive advantages in purity levels and production costs, catering to both utility-scale and distributed solar projects.
The company’s core business activities center on two main product lines. First, DAQO produces high-purity polysilicon which serves as the critical feedstock for silicon wafer and solar cell manufacturers. Leveraging proprietary Siemens-based technology, DAQO’s polysilicon exhibits high electrical properties and low impurity levels. Second, through its fully owned subsidiary, GCL New Energy Silicon Materials (Xinjiang) Co., Ltd., the company manufactures monocrystalline silicon ingots and wafers, offering customers a one-stop solution from raw material to finished wafer. These wafers meet rigorous specifications required for high-efficiency mono-PERC and bifacial solar modules.
DAQO New Energy operates multiple production facilities in China, including its flagship polysilicon plants located in Shihezi and Urumqi, as well as wafering operations in Xinjiang. In addition, the company has expanded its footprint globally by establishing sales and technical support offices in Europe, North America and Asia Pacific, serving major solar equipment manufacturers and EPC (engineering, procurement and construction) firms. DAQO’s geographically diverse customer base reflects its ability to adapt to evolving market demands and local regulatory environments in regions seeking to increase renewable energy capacity.
Under the leadership of Chairman and Chief Executive Officer Qu Xiaohua, DAQO New Energy has pursued a strategy of disciplined capacity growth, cost control and product quality enhancement. Qu’s extensive experience in the polysilicon sector has guided the company through periods of industry cyclicality and technological change. The management team places strong emphasis on sustainable manufacturing practices and energy efficiency, aligning DAQO’s operations with global efforts to reduce carbon emissions. As markets shift toward higher-efficiency PV technologies, DAQO New Energy remains focused on expanding its production capabilities and advancing its process technologies to meet the next generation of solar demand.
AI Generated. May Contain Errors.
Free DQ Stock Alerts