Daqo New Energy: Plans to Invest 6 Billion Yuan to Build a Smart Energy System Manufacturing Base Project, Engaging in R&D and Manufacturing of Products Including Solid-State Transformers and Solid-State Batteries
Daqin Energy plans to invest 6 billion yuan in a smart energy system manufacturing base in Kunshan. The project, to be developed in two phases, will focus on the research, manufacturing, and sales of energy storage systems, solid-state transformers, and solid-state batteries. This initiative aims to diversify Daqin Energy's business structure and establish new profit centers. AI
IMPACT This investment in solid-state energy technologies could accelerate the development and adoption of more efficient energy solutions for AI infrastructure.