RMB 6B Daqo New Energy (NYSE: DQ) expansion into AI data center power

Rhea-AI Filing Summary

Daqo New Energy Corp. is expanding beyond polysilicon by signing an investment agreement to build a new manufacturing base for next-generation energy solutions serving artificial intelligence data centers. The Kunshan-based facility will develop and produce energy storage systems, solid-state transformers, circuit breakers, and solid-state batteries.

The project is planned in two phases, with Phase 1 investment of approximately RMB 2.1 billion and total investment preliminarily expected at about RMB 6 billion. Management describes this as a cornerstone in diversifying the product portfolio and creating new growth engines, while noting that the impact on future financial performance cannot yet be determined.

Insights

Clean energy and industrial strategy analyst

Daqo commits RMB 6B to diversify into AI data-center energy solutions.

Daqo New Energy is moving from a pure polysilicon focus into power and storage equipment for artificial intelligence data centers. The plan involves a new Kunshan manufacturing base producing energy storage systems and solid-state power equipment targeted at data-center loads.

The project will be built in phases, starting with roughly RMB 2.1 billion for Phase 1 and a preliminarily expected total of about RMB 6 billion. Management highlights existing affiliate expertise in transformer and circuit breaker technologies as a foundation for this move.

The company states that the investment’s effect on financial performance cannot yet be determined, underlining execution and demand risks in a new segment. Subsequent disclosures on construction progress, customer traction, and margins for these AI-focused energy products will be important to understand how this strategic expansion reshapes the business mix.

Key Figures

Phase 1 investment: RMB 2.1 billion Total project investment: RMB 6 billion Polysilicon capacity: 305,000 metric tons +2 more

5 metrics

Phase 1 investment RMB 2.1 billion Initial phase of Kunshan AI energy solutions base

Total project investment RMB 6 billion Preliminarily expected total for two-phase project

Polysilicon capacity 305,000 metric tons Total polysilicon nameplate capacity for solar PV industry

Project phases 2 phases Manufacturing base to be built in two stages

Founding year 2007 Year Daqo New Energy was founded

Key Terms

artificial intelligence data centers, energy storage systems, solid-state transformers, solid-state circuit breakers, +2 more

6 terms

artificial intelligence data centers technical

"energy solutions and related equipment for artificial intelligence data centers (AIDCs)"

Specialized facilities that house the powerful computers, storage and networking needed to build, run and store artificial intelligence models and the massive data they use; these centers are engineered for intense computing, high power use and advanced cooling, much like a factory built for heavy machinery. Investors care because they require large upfront spending and offer recurring revenue potential, influence a company’s ability to scale AI products, and can create competitive advantages or cost pressures depending on location, efficiency and capacity.

energy storage systems technical

"including energy storage systems, solid-state transformers, solid-state circuit breakers"

Energy storage systems are technologies that capture electricity when it’s plentiful or cheap and release it when demand or prices are higher, like a large rechargeable battery for a neighborhood or power grid. They matter to investors because they enable more reliable power, smooth out the ups and downs of renewable energy, and can create new revenue streams or cost savings by shifting when power is sold or used.

solid-state transformers technical

"including energy storage systems, solid-state transformers, solid-state circuit breakers"

A solid-state transformer is an electrical device that uses power electronics instead of heavy metal coils to change voltage and steer electricity, acting like a digitally controlled, much lighter version of a traditional transformer. For investors, it matters because these units can boost efficiency, add fast remote control and protection features, and enable modern grid uses — such as electric-vehicle charging and renewable energy integration — which can change infrastructure costs and create new technology markets.

solid-state circuit breakers technical

"including energy storage systems, solid-state transformers, solid-state circuit breakers"

Solid-state circuit breakers are electronic devices that stop or reroute an electrical fault using semiconductor switches instead of moving parts, acting like an instant, programmable safety valve for electricity. They matter to investors because they can reduce downtime, enable finer control of power flows, and lower maintenance compared with mechanical breakers—features that can improve reliability and efficiency in grids, data centers, electric vehicles and industrial systems.

Safe Harbor Statement regulatory

"Safe Harbor Statement This announcement contains forward-looking statements."

A safe harbor statement is a disclaimer that companies include in their public disclosures to limit legal liability if future results differ from what was forecasted or expected. It acts like a protective shield, helping companies avoid lawsuits if their predictions don’t come true, and gives investors a clearer understanding that certain statements are forward-looking and involve risks.

forward-looking statements regulatory

"These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates”"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934

For the month of June 2026

Commission File Number: 001-34602

DAQO NEW ENERGY CORP.

Unit 29, Huadu Mansion, 838 Zhangyang Road,

Shanghai, 200122

The People’s Republic of China

(+86-21) 5075-2918

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F ¨

EXHIBIT INDEX

Number		Description of Document
Exhibit 99.1		Press release

2 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DAQO NEW ENERGY CORP.
	By:	/s/ Xiang Xu
	Name:	Xiang Xu
	Title:	Chairman of the Board of Directors and Chief Executive Officer
Date: June 3, 2026

3 

Exhibit 99.1

Daqo New Energy Signs Investment Agreement to Establish a Manufacturing Base for Next-Generation Energy Solutions for AI Data Centers

Shanghai, China — June 3, 2026, — Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy," the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that its subsidiary, Daqo Energy Technology (Shanghai) Co., Ltd. ("Daqo Shanghai"), has signed an investment agreement with the Management Committee of the Kunshan Economic and Technological Development Zone to establish a new manufacturing base. This manufacturing base will focus on the research, development, manufacturing, and sale of next-generation energy solutions and related equipment for artificial intelligence data centers (AIDCs), including energy storage systems, solid-state transformers, solid-state circuit breakers, and solid-state batteries. The project will be built in two phases, with a Phase 1 investment of approximately RMB 2.1 billion. Phase 2 will commence at a later date, subject to the project fulfilling relevant industrial policy and investment requirements. The total project investment is preliminarily expected to be approximately RMB 6 billion. As this project is still in the preparatory stage, the impact of this investment on the Company's future performance cannot be determined at this time.

Mr. Xiang Xu, CEO of Daqo New Energy, commented, "We are excited to launch this strategic expansion into next-generation energy solutions for AIDCs. The rapid growth of AIDCs is creating substantial demand for sophisticated energy solutions. By leveraging our deep expertise and proven technical capabilities of our affiliates, specifically in transformer and circuit breaker technologies, we are well positioned to address this tremendous growth opportunity and deliver vertically integrated energy solutions. This investment agreement represents a cornerstone of our broader strategy to diversify our product portfolio, cultivate new growth engines, and capitalize on the massive market opportunities presented by the global energy transition."

About Daqo New Energy Corp.

Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufacturers, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 305,000 metric tons and is one of the world's lowest cost producers of high-purity polysilicon.

For more information, please visit www.dqsolar.com.

For additional information, please contact:

Daqo New Energy Corp.

Investor Relations

Email: ir@daqo.com

Christensen

In China

Mr. Christian Arnell

Phone: +852-2117-0861

Email: christian.arnell@christensencomms.com

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “might,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, all of which are difficult or impossible to predict accurately and many of which are beyond the Company’s control. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the demand for photovoltaic products and the development of photovoltaic technologies; global supply and demand for polysilicon and AIDC energy storage and smart energy systems; alternative technologies in cell manufacturing; the Company’s ability to significantly expand its polysilicon production capacity and output; the Company’s ability to establish and expand its production capacity and output for AIDC energy storage and smart energy systems; the reduction in or elimination of government subsidies and economic incentives for solar energy applications; and the Company’s ability to lower its production costs. Further information regarding these and other risks is included in the reports or documents that the Company has filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date hereof, and the Company undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.

2 

FAQ

What new project did Daqo New Energy (DQ) announce in its June 2026 6-K?

Daqo New Energy announced an investment agreement to build a new manufacturing base in Kunshan focused on next-generation energy solutions for AI data centers. The facility will develop and produce energy storage systems and solid-state power equipment for artificial intelligence data center applications.

How much will Daqo New Energy invest in its new AI data center energy base?

Daqo New Energy plans a Phase 1 investment of approximately RMB 2.1 billion, with total project investment preliminarily expected at about RMB 6 billion. The project will be developed in two phases, with Phase 2 dependent on meeting policy and investment requirements.

What products will Daqo New Energy’s new facility for AI data centers produce?

The new facility will focus on research, development, manufacturing, and sale of next-generation energy solutions for AI data centers. These include energy storage systems, solid-state transformers, solid-state circuit breakers, and solid-state batteries designed to support demanding data-center power needs.

How could the new AI data center project affect Daqo New Energy’s future performance?

The company states that the project is still in the preparatory stage and its impact on future performance cannot be determined at this time. Management frames it as a strategic move to diversify products and cultivate new growth engines alongside its core polysilicon business.

What is Daqo New Energy’s existing core business and capacity?

Daqo New Energy is a leading manufacturer of high-purity polysilicon for the global solar PV industry. It supplies polysilicon to photovoltaic manufacturers and reports a total polysilicon nameplate capacity of 305,000 metric tons, positioning it among the industry’s lowest-cost producers.

Who signed the 6-K for Daqo New Energy and what is their role?

The 6-K was signed on behalf of Daqo New Energy by Xiang Xu, who serves as Chairman of the Board of Directors and Chief Executive Officer. His signature indicates authorization of the report’s submission under the Securities Exchange Act of 1934.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 9.6 KB