Tesla May Procure Chinese Photovoltaic Equipment to "Ignite" the Market, Photovoltaic Concept Strengthens, Multiple Stocks Including Shangde Electric Rise to Daily Limit

On March 20th, the photovoltaic sector performed actively. By the close of trading, China Energy Engineering’s “20cm” stock hit the daily limit-up, while Jinneng Technology, Haiyou New Materials, and Yunneng Technology rose over 10%. China Lithium Group, Yongzhen Shares, Chint Power, and Guosheng Technology also hit the daily limit-up.

According to Beike Finance, on March 20th, a market rumor circulated that Tesla’s team plans to purchase large-scale Chinese photovoltaic equipment involving several listed companies. In the morning of March 20th, a photovoltaic company confirmed the news and revealed that the contract scale is in gigawatts.

Currently, the surge in global AI computing power demand has led to increased electricity consumption in data centers, making AI energy consumption a global focus. Elon Musk stated in January that solar energy could meet all of the United States’ electricity needs, including the growing power consumption of data centers. Tesla’s official recruitment information shows that the company aims to achieve 100 gigawatts of solar manufacturing capacity in the U.S. by the end of 2028, starting from raw materials.

In early February, there were market rumors that Musk’s SpaceX team secretly contacted multiple Chinese photovoltaic companies across various parts of the industry chain. According to Securities Times, regarding the rumors of SpaceX and other teams visiting several Chinese photovoltaic companies, GCL Group responded that the team was understanding GCL’s polysilicon and perovskite business layout in the U.S.; Jinko Solar staff said that there had been contact with Musk’s team during visits and revealed that “mainstream domestic photovoltaic companies have also been inspected.”

Institutions believe that under the dual catalysts of Musk’s “space photovoltaic” strategy and the accelerated construction of domestic satellite internet, the photovoltaic industry is迎来 a new application scenario and growth space. Guojin Securities stated that the ongoing North American power shortage issue, compared to the prolonged order cycle for gas turbines, could be accelerated by breakthroughs such as mass production of space photovoltaic products and successful Starship recovery, significantly reducing satellite manufacturing and orbit insertion costs.

CMB International Securities noted that the current expansion of photovoltaic capacity in North America will lead to a valuation re-rating of related domestic auxiliary materials, equipment, and leading manufacturing companies. Although the demand for photovoltaic in low Earth orbit satellites is currently small, it is rapidly growing, and future space photovoltaics may develop into a large market.