Tesla is negotiating a $2.9 billion (20 billion yuan) purchase of solar manufacturing equipment from Chinese suppliers. The company plans to ship this machinery to Texas to expand its solar energy division.
This initiative supports CEO Elon Musk’s target of adding 100 gigawatts of U.S. solar capacity by 2028. Potential partners include Suzhou Maxwell Technologies, Shenzhen S.C New Energy Technology, and Laplace Renewable Energy Technology.
The deal highlights a persistent U.S. reliance on Chinese components despite efforts to localize production. Finalizing the agreement requires export approval from Chinese regulators.