Elon Musk plans to purchase $2.9 billion worth of photovoltaic equipment in China. The sector recovers in the afternoon, and Yijing Optoelectronics hits the daily limit.

(Source: Caiwen)

          After noon, photovoltaic equipment warmed up, and the sector "turned from green to red." As of the time of writing, component stock Longi Green Energy reached the daily limit, with Yubang New Materials, Qingyuan Co., Aiko Solar, Tongling Co., Yongzhen Co., CAIYING New Energy, and Aerospace Electromechanical also rising.            

On March 24, photovoltaic equipment warmed up after noon, and the sector “turned from green to red.” As of the time of writing, component stock Longi Green Energy (600537.SH) reached the daily limit, with Yubang New Materials (301266.SZ), Qingyuan Co. (603628.SH), Aiko Solar (600732.SH), Tongling Co. (301168.SZ), Yongzhen Co. (603381.SH), CAIYING New Energy (600876.SH), and Aerospace Electromechanical (600151.SH) also rising.

In terms of news, Liu Liehong, head of the National Bureau of Statistics, stated on March 23 at the China Development Forum’s 2026 annual meeting that the next step will be to work with relevant departments to vigorously promote the collaborative computing and electricity project, ensuring that the proportion of green electricity applications in new computing power facilities at hub nodes reaches over 80%, maximizing the supporting role of green electricity. Liu Liehong stated that collaborative computing refers to the deep integration of computing power infrastructure with the power system through digital technology, intelligent algorithms, and information networks, promoting dynamic matching and optimized allocation of resources in new infrastructure projects, achieving a virtuous cycle of “empowering computing with electricity and promoting electricity with computing.” The main content includes promoting direct supply of green electricity, aggregating green electricity supply, and enhancing the supporting capacity of green electricity for computing power; promoting waste heat recovery and utilization, and enhancing the benefits of a green low-carbon cycle.

In addition, Tesla’s self-built chip factory “Terafab” project is about to launch soon. Recently, Elon Musk announced plans for the Terafab project to purchase $2.9 billion worth of photovoltaic equipment from Chinese suppliers, as well as an urgent increase in imports of Chinese photovoltaic products to Europe due to rising electricity prices.

In terms of data, from January to March 2026, China’s exports of photovoltaic modules to the Middle East increased by 470% year-on-year, and exports of energy storage systems increased by 620%, indicating strong overseas demand.

Huafu Securities stated that Tesla’s $2.9 billion order marks a new chapter for Chinese photovoltaic equipment globally. This week, the photovoltaic industry welcomed a landmark event. Tesla plans to spend approximately $2.9 billion to purchase core equipment for the production of photovoltaic cells and modules from China to promote the integrated photovoltaic manufacturing layout in the United States, aiming to achieve an annual capacity of 100GW by the end of 2028. This is the largest single overseas intention order ever received by Chinese photovoltaic equipment companies and is expected to completely break the sluggish pattern of Chinese photovoltaic product exports to the U.S. This order not only demonstrates the technological leadership of Chinese photovoltaic equipment globally but also sends a clear signal of deep participation by Chinese equipment manufacturers in the wave of localization of photovoltaic manufacturing in the U.S., with the industry’s prosperity and valuation expected to experience a dual recovery.

Massive information, precise interpretation, all in the Sina Finance APP.