Suzhou Maxwell Technologies Co., Ltd. Class A 300751

Tesla Inc. (NASDAQ:TSLA) is one of the tech stocks to sell right now, according to Cathie Wood. ARK Investment Management’s Q3 2025 stake in Tesla Inc. (NASDAQ:TSLA) stood at 3.59 million shares worth $1.6 billion, but by Q4 it had pared back 19%, leaving 2.91 million shares valued at $1.31 billion. On March 19, Reuters […]

The EV maker plans to purchase a large amount of solar equipment from China.

Tesla Inc. 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 T

Tesla is making a multi-billion-dollar industrial bet on China's solar panels.

Tesla's Solar Ambitions Grow With Potential $2.9B China Deal

Move supports plan to scale U.S. solar manufacturing

Tesla 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.