Producer

Daqo New Energy Corp.

DQHQ CN · Xinjiang/Shanghaiwebsite ↗

NYSE-listed Chinese polysilicon producer; ~350,000 MT capacity. Primary factory in Shihezi, Xinjiang — directly triggering UFLPA rebuttable presumption for US solar imports.

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Inputs supplied

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Goods downstream

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Facilities

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Stories

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2 inputs Daqo New Energy Corp. supplies

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  • Solar-Grade Polysilicon

    100%

Intelligence

What's known

Sourced claims about this company's role in supply chains, chokepoints, concentration, incidents, dual-use connections.

  • Origin2023

    Daqo New Energy Corp. is listed on the New York Stock Exchange (ticker: DQ) under US securities law — subject to SEC disclosure, investor protections, and shareholder governance that apply to all NYSE-listed companies. Yet 100% of its polysilicon production is located in Shihezi, Xinjiang, triggering the UFLPA rebuttable presumption for all US solar panel imports containing Daqo silicon. The US securities markets thus simultaneously (a) enable American investors to own equity in Daqo and (b) prohibit US solar companies from purchasing Daqo's product without extraordinary evidentiary burdens. A company listed on Wall Street is effectively trade-sanctioned by another arm of the US government — a regulatory paradox with few precedents in US trade law.

    Daqo New Energy Corp.
  • Did you know2023

    Daqo's Shihezi, Xinjiang facility uses coal-fired electricity that is among the cheapest industrial power in China — providing a significant cost-per-kg advantage for polysilicon production compared to hydro-powered competitors in Sichuan (Tongwei, Yongxiang). This coal-powered cost advantage funded Daqo's rapid capacity expansion and the broader Chinese polysilicon price crash of 2023-2024 (prices down ~80% from peak), which benefited global solar panel buyers but decimated polysilicon producer economics globally. Daqo's low-cost expansion effectively subsidized cheaper solar panels worldwide while simultaneously building a Xinjiang supply chain concentration that UFLPA then targeted. A geopolitical effort to penalize Xinjiang labor conditions inadvertently targeted the manufacturing base that most aggressively drove down global solar energy costs.

    Daqo New Energy Corp.
  • Capacity2023

    Daqo New Energy holds ~12% of global solar polysilicon supply from a single Xinjiang facility — effectively excluded from the US market by UFLPA but not from European, Indian, or ASEAN markets where solar panel manufacturers continue to use Daqo silicon. The bifurcation creates a two-tier global solar supply chain: US-bound solar panels use Xinjiang-free polysilicon sources (Wacker, Tongwei non-Xinjiang plants, OCI); non-US solar markets continue accepting Daqo silicon for its cost advantage. This bifurcation adds cost and supply chain complexity to the US clean energy buildout while largely not affecting Daqo's commercial position in the 80%+ of global solar that is installed outside the US.

    Daqo New Energy Corp.