Musk's team investigates the photovoltaic industry chain! Listed companies respond intensively

``` On February 4, Shanghai Securities News confirmed through multiple sources in the photovoltaic industry chain that a team under Musk recently visited China to inspect the photovoltaic industry chain. "Two groups from SpaceX and Tesla came, one group inspected the space scenario industry chain, and one group inspected the ground scenario industry chain. Therefore, various technical routes were examined. For the space scenario, they looked at heterojunction and entire line equipment. For the ground scenario, they also looked at TOPCon," said a representative from a heterojunction photovoltaic company to Shanghai Securities News. On February 4, GCL Group, Jinko Solar, TCL Zhonghuan, and Gaoce announced to the media that they had made contact. However, after the market closed, Jing Sheng Machinery, Shuangliang Eco-Energy, and Jinko Solar issued abnormal fluctuation announcements to warn of related risks. Photovoltaic Industry Chain Companies Confirm Contact With Musk Team On the evening of February 4, Shanghai Securities News learned from a source close to GCL Group that on February 4, Musk’s company’s China team inspected GCL Group, and both parties discussed cooperation intentions regarding granular silicon and perovskite. GCL Group has R&D centers for granular silicon and perovskite in the United States, and there is an intention to build granular silicon and perovskite production capacity in the U.S. in the future. On the night of February 4, Jinko Solar issued an abnormal fluctuation announcement stating that there were market rumors that Musk’s team had recently paid secret visits to several Chinese photovoltaic companies, and that the company had made contact with Musk’s inspection team. Upon verification, the company has not yet carried out any cooperation with the related team, nor signed any framework agreement or formal agreement, and has no orders at hand. Gaoce confirmed to the media that the company did have contact with the Musk team, but clarified that no cooperation has been reached at present. When asked about the specific time, format, and potential cooperation details, the company said it was not convenient to disclose more. A person in charge at TCL Zhonghuan told the media that the company showcased its module technology to the Musk team, but as of now, it’s just an initial contact. The Musk team learned about the company’s technical reserves, but cooperation intentions and specific orders were not discussed. Shanghai Securities News learned from industry insiders that Musk’s team conducted a very comprehensive inspection of the entire PV industry chain from top to bottom, visiting companies including equipment suppliers like Maiwei, as well as heterojunction cell producers. Shanghai Securities News learned that on the morning of February 4, at a PV listed company exchange event organized by a securities firm, some investors asked Jing Sheng Machinery about Musk’s team’s "plant audit" process, and a related official replied that it was not possible to discuss the North American client situation at that moment. If Musk plans to build new PV capacity and purchase equipment, that’s standard procedure, but why inspect battery and module companies? Is there a possibility of cooperation? The aforementioned heterojunction industry insider said, "At present, the U.S. PV industry has certain gaps with China at every level—from upstream materials and equipment to products. There will need to be capacity ramp-ups going forward. In the early stage of Musk's PV capacity production, he may need cell companies to cooperate to carry out certain validations." Multiple Companies Warn of "Space PV" Investment Risks After the close on February 4, several PV listed companies issued abnormal fluctuation announcements, reminding investors that space PV is still at an early industry stage and investors should be mindful of investment risks. Jinko Solar’s announcement said, at present, "space PV" is still in the initial stage of technical exploration, the technical route is not yet determined, and there are no feasible concrete projects. So far, the company’s main business products still focus on ground PV, and there are no orders or revenues related to "space PV", and it has had no impact on the company’s business performance. The company also notes that the PV industry is currently undergoing deep adjustments due to supply and demand imbalances. Investors are reminded to pay attention to the potential risks posed by deep adjustments in the PV sector. Jing Sheng Machinery’s announcement said, recently, the capital market’s attention towards concepts like "space PV" has continued to soar, and relevant sectors have shown high market interest. At present, "space PV" application scenarios are still in exploration stage, and the industrialization process faces uncertainty. The company’s main business covers the R&D, production, and sales of PV industry chain equipment like silicon wafers, cells, modules, and auxiliary consumables like quartz crucibles and diamond wire. With rising market attention on the PV sector, it may indirectly affect investor expectations about the company’s business expansion prospects. Investors should fully recognize the risks of the stock market, avoid blindly following market trends, make prudent decisions, invest rationally, and avoid risks caused by concept speculation. Shuangliang Eco-Energy announced that the company has had no confirmed commercial aerospace project revenues in the last two years, and future development in related business is uncertain. The company's main products related to the PV industry include polycrystalline silicon reduction furnace systems, monocrystalline silicon, and high-efficiency PV modules. "Space PV" is currently still in technical exploration and ground validation stage, with major uncertainties in its commercial path, cost structure, and in-orbit operation and maintenance systems, and there has not yet been an industry-closed loop suitable for scale-up, so it is not yet making substantive contribution to the company’s current performance. The company has not yet carried out any "space PV" business. Musk Builds U.S. Domestic PV Capacity Musk recently strongly supported space PV at the Davos Forum and revealed key capacity planning: SpaceX and Tesla aim to achieve 100GW annual solar manufacturing capacity within the next three years. Many companies believe Musk is doing this to break free from the limitations of Chinese PV manufacturing. Currently, Chinese PV companies entering U.S. local manufacturing still face policy obstacles. At the aforementioned exchange, a PV equipment company told investors: "In fact, some Chinese companies can’t operate their U.S. production capacity, because even if it operates, they can’t get subsidies. The headline U.S. module capacity is above 40GW, but the actual operating capacity is less than 20GW. The U.S. wants to nurture domestic PV capacity." Regarding whether Musk’s new 100GW PV capacity will impact the existing PV market, the equipment company believes the impact will be small, because this capacity will most likely primarily supply Musk’s own companies internally, not to the mainstream PV power generation market. The aforementioned heterojunction industry insider also said, there is no sign Musk will enter the traditional PV market, and the company currently does not cover the U.S. market, so the impact is expected to be minor. Source: Shanghai Securities News Risk Warning and Disclaimer The market carries risks, and investments must be made cautiously. This article does not constitute personal investment advice and does not consider the special investment goals, financial status, or needs of individual users. Users should consider whether any opinions, viewpoints, or conclusions in this article are compatible with their own specific situation. Invest at your own risk. ```