Tesla Inc. (NASDAQ:TSLA) is reportedly in discussions with several Chinese companies to acquire solar manufacturing equipment worth $2.9 billion.
Suzhou Maxwell Technologies, a leading maker of screen-printing equipment for solar cell manufacturing, is among the top contenders to supply machinery for the project and is currently seeking export approval from China’s commerce ministry, reported Reuters on Friday.
Other potential suppliers include Shenzhen S.C New Energy Technology and Laplace Renewable Energy Technology. The $2.9 billion worth of equipment, including screen-printing production lines, will require export approval from Chinese regulators. However, the specifics of the equipment requiring approval and the duration of the approval process remain uncertain.
Chinese suppliers have been asked to deliver equipment by autumn, some to Texas, for Elon Musk’s planned solar capacity, which will mainly support Tesla, with a portion powering SpaceX satellites, as per …
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