Tesla in talks with Chinese firms to buy $2.9 billion worth of solar equipment, sources say

(Reuters) - Tesla (TSLA) is looking to buy equipment worth $2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies, two people familiar with the matter said, as CEO Elon Musk aims to add 100 gigawatts of solar capacity in the United States.

Musk said in January that solar power could meet ‌all of the electricity needs of the United States - including the ever-increasing demand from a growing number of data centres. Job postings on the Tesla website said it aims to ‌deploy 100 GW of "solar manufacturing from raw materials on American soil before the end of 2028".

Suzhou Maxwell Technologies, the world's biggest producer of screen-printing equipment used to make solar cells, is among the leading candidates to supply machinery for the project ​and has been seeking export approval from China's commerce ministry, according to the two people and a third person. The sources declined to be named because the information is not public.

Other potential suppliers include Shenzhen S.C New Energy Technology and Laplace Renewable Energy Technology, the first two people said.

https://finance.yahoo.com/sectors/energy/articles/exclusive-tesla-talks-chinese-firms-020232072.html

Solar is woke, use coal. - Donny Dipshit