Elon Musk is causing shockwaves across Chinese markets: After reports emerged of Tesla and SpaceX delegations visiting leading photovoltaic manufacturers, stock prices shot up by double digits.
Musk appears to be seeking the technological foundation in China for his massive energy plans in the US and space.
Details
The CSI Solar Power Equipment Index rose 6.8%.
- JinkoSolar jumped 20% (hitting the trading limit).
- Trina Solar gained 9%.
Specialty materials suppliers like Jolywood also recorded gains of 20%.
Secret Visits to the Far East
According to insider reports, Musk's delegations specifically visited companies specializing in Heterojunction (HJT) and Perovskite technology. These next-generation technologies promise significantly higher efficiency rates than conventional silicon cells.
Musk's Solar Offensive
❝"We are working toward 100 gigawatts of annual cell production."
— Elon Musk, Tesla Earnings Call
For comparison: The US installed only around 30 GW total in 2025. On X, Musk praised China's manufacturing prowess: "China is an amazing manufacturing powerhouse and understands very well that solar is the future."
Background
Musk plans to satisfy AI's energy hunger through solar-powered satellite data centers in Earth's orbit ("Galactic Brains"). Since it's "always sunny" in space, he needs the world's most efficient and lightweight cells – expertise that currently lies primarily in China.
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