Daqo Energy has officially declared that its subsidiary, Daqo Energy Technology (Shanghai) Co., Ltd., has inked an investment pact with the Management Committee of the Kunshan Economic and Technological Development Zone. The strategic move involves setting up a dedicated project entity within the Kunshan Development Zone, tasked with the construction of the Daqo Smart Energy System Manufacturing Base. This grand project is slated for a total investment of 6 billion yuan, which will be implemented in two distinct phases. The inaugural phase will witness an infusion of around 2.1 billion yuan, with the subsequent phase to be initiated contingent upon prevailing conditions. The newly established venture will concentrate on the research, development, production, and distribution of intelligent energy system solutions and allied equipment, encompassing a broad spectrum of products such as energy storage systems, solid-state transformers, solid-state circuit breakers, and solid-state batteries. The overarching objective is to refine the business framework and foster fresh avenues for profit expansion.