# Hongyuan New Material signs $5.08B polysilicon supply contract with Xinjiang Xiexin

Shangji数控's subsidiary Hongyuan New Material (Baotou) signed a long-term contract with Xinjiang Xiexin New Energy Materials Technology to purchase 31,000 tons of polysilicon from June 2021 to December 2023, valued at approximately 5.084 billion yuan ($787 million).

- Type: Contract
- Announced: 2021-05-18
- Where: China
- Value: $787.0M (5.08B CNY)
- Status: announced
- Capacity: 31,000 tons
- Products: polysilicon
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Shangji数控](https://endata.com/companies/55197.md)
- [Hongyuan New Material (Baotou)](https://endata.com/companies/55198.md) (customer)
- [Xinjiang Xiexin New Energy Materials Technology](https://endata.com/companies/55199.md) (supplier)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/477345.html), 2021-05-18: "预计合同金额约为2021-2023年50.84亿元(含税)，不含税为44.99亿元。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.