Laplace wins Tesla’s photovoltaic project Phase 2, securing nearly 100 billion yuan in orders, and the Huaxia photovoltaic ETF (515370) surges straight up.

On April 1, 2026, the photovoltaic sector surged, with the Huaxia Photovoltaics ETF (515370) up 1.02%. Among its constituent stocks, Laplace hit the 20% daily limit-up, Maiwei shares rose more than 7%, and JinkoSolar rose more than 6%.

In terms of news, Laplace, a domestic provider of core process equipment and solutions for photovoltaic cell manufacturing, recently won the second phase of Tesla’s photovoltaic project, with an order scale of nearly 10 billion yuan. Previously, some sources said that Tesla plans to purchase photovoltaic manufacturing equipment from China with a total price of $2.9 billion.

Huafu Securities believes that Tesla (TSLA) plans to spend approximately $2.9 billion to procure China’s core equipment for photovoltaic cell and module production, to advance its integrated photovoltaic manufacturing layout in the United States, with a goal of building 100 GW of annual production capacity by the end of 2028. This is the largest single overseas expression-of-intent order that China’s photovoltaic equipment companies have ever received, and is expected to completely break the sluggish pattern of China’s photovoltaic product exports to the U.S. This order not only highlights China’s leading technological position in global photovoltaic equipment, but also sends a clear signal that equipment suppliers in China will participate deeply in the wave of localized U.S. photovoltaic manufacturing. Industry conditions and valuations are expected to see a dual recovery.

The Huaxia Photovoltaics ETF (515370) and its related index funds (012885/012886) track the CSI Photovoltaic Industry Index, covering upstream, midstream, and downstream enterprises in the photovoltaic industry chain, including silicon wafers, polycrystalline silicon, cell modules, cables, photovoltaic glass, photovoltaic modules, inverters, photovoltaic mounting brackets, and photovoltaic power stations, enabling a better reflection of the overall performance of the photovoltaic industry. The space photovoltaic content exceeds 18%, ranking first across the entire market at the index level.

Daily Economic News