Tesla (TSLA.US) is seeking to purchase equipment worth a total of US$2.9 billion from Chinese suppliers like MAXWELL (300751.SZ) for the production of solar panels and batteries, Reuters quoted sources as saying. This is part of a plan to add 100 gigawatts of solar power capacity in the US.

Previously, Tesla's CEO Elon Musk stated that solar energy could meet all of the US' electricity needs, including the demand from a growing number of data centers.

It is reported that MAXWELL will be one of the main equipment suppliers for this plan, and has applied for an export license from China's Ministry of Commerce (MOC). Other potential suppliers include S.C NEW ENERGY (300724.SZ) and LAPLACE (688726.SH).
~

AASTOCKS Financial News
Website: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
TSLA (C)	11036	590 (-)	0.050	9.1 X