Tesla in talks to procure $2.9 billion in solar PV manufacturing equipment from Chinese suppliers

Tesla is reportedly in talks to procure approximately $2.9 billion (RMB 20 billion) worth of PV cell and module manufacturing equipment from Chinese suppliers. The machinery, including screen-printing production lines, is intended for Tesla's solar manufacturing operations in the US, with shipments reportedly destined for Texas before autumn. This procurement supports Tesla's ambitious target to establish 100 GW of solar manufacturing capacity from raw materials on US soil by the end of 2028, primarily for its own operations and potentially for SpaceX satellites. Potential suppliers include Suzhou Maxwell Technologies, Shenzhen S.C New Energy Technology, and Laplace Renewable Energy Technology, with some equipment requiring export approval from Chinese regulators.

Counterparts (4)

supplier

S

Shenzhen S.C New Energy Technology

company

Shenzhen-based renewable energy developer and technology provider with 3.2 GW of solar, wind, and storage projects developed across China and Southeast Asia. Focuses on integrated clean energy solutions combining PV, battery storage, and smart grid systems.

Suzhou Maxwell Technologies

company

L

Laplace Renewable Energy Technology

company

Paris-based renewable energy developer and investor with 1.8 GW of renewable capacity across Europe. Focuses on hybrid solar, onshore wind, and co-located battery storage projects, managing $1.5 billion in assets under management.

Buyer

Tesla

company · 2 deals

Tesla is a technology company that focuses on electric vehicles, clean energy, and energy storage. They invest in and develop infrastructure projects related to their core business, including solar panels, energy storage systems, and electric vehicle charging stations.