Why did Chinese solar shares surge recently?

Chinese solar shares surged due to reports that delegations sent by Elon Musk visited various companies in the sector, shortly after Musk announced plans for large-scale solar cell production in the U.S.

What were Elon Musk's U.S. solar production plans?

Elon Musk announced plans to build 100 gigawatts of annual solar cell capacity in the U.S., aiming to integrate across the entire supply chain from raw materials to finished panels.

Did JinkoSolar confirm a visit from Elon Musk's team?

Yes, Chinese solar giant JinkoSolar confirmed a visit from a team sent by Elon Musk, which led to its shares soaring 20%.

Home / Business and Economy / Musk Eyes China Solar: Stocks Surge on Production Plans

Musk Eyes China Solar: Stocks Surge on Production Plans

4 Feb

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Summary

Chinese solar shares surged after reports of Musk's delegation visits.
Musk announced plans for 100 GW of annual U.S. solar cell production.
JinkoSolar confirmed a visit from Musk's team, leading to a 20% stock jump.

Musk Eyes China Solar: Stocks Surge on Production Plans

Chinese solar shares saw a notable surge in morning trading on Wednesday, February 4, 2026. This uptick followed media reports indicating that delegations dispatched by Elon Musk had visited several companies within the Chinese solar sector. These visits occurred shortly after Musk announced Tesla's intention to construct 100 gigawatts of annual solar cell capacity in the United States.

The CSI All Share Solar Power Equipment Sub-Industry Index climbed 6.8% by the lunch break, reflecting investor optimism. The CSI SH-HK-SZ Solar Power 50 Index also posted gains, rising 5.6%. Sina Finance reported that Musk's teams visited Chinese photovoltaic companies involved in various stages of production, including equipment, silicon wafers, battery modules, and perovskite technology. State-backed media later reported that JinkoSolar had confirmed a visit from a Musk-led delegation.