Good news from Elon Musk's side, as photovoltaic equipment resumes its upward trend in the afternoon, with Jiejia Weichuang hitting the daily limit-up within the first minute of trading.

On the afternoon of March 20, the solar equipment sector surged again. Jiejia Weichuang (300724.SZ) jumped 10% within one minute after the market opened, and at one point during the session it briefly hit the daily limit. Maiwei Co., Ltd. (300751.SZ), Laplasse (688726.SH), Liancheng Numerical Control (920368.BJ), and others also saw sharp rallies.

Earlier, Shangneng Electric (300827.SZ), Shouhang Xinneng (301658.SZ), Zhongli Group (002309.SZ), Deye Shares (605117.SH), and Guosheng Technology (603778.SH) had already hit the daily limit, while JinkoSolar (300763.SZ), Sungrow Power Supply (300274.SZ), and others rose more than 8%.

As for the news, according to media reports, the Space X team owned by Musk previously placed an order with a domestic leading heterojunction equipment manufacturer for equipment. The order is expected to be shipped during the first week of May. Exports of semi—like products generally need to go through the relevant government departments for filing and approval, and the process is still underway. It is said that Musk’s team’s solar orders mainly fall into two categories: Space X (S chain) and Tesla (T chain), with planned application scenarios being space and on the ground, respectively. In addition, according to sources, the current T-chain cooperation orders are still being negotiated and involve multiple TOPCon equipment manufacturers.

Earlier, on March 16 local time, NVIDIA announced at the GTC developer conference the launch of the VeraRubinSpace-1 space computing platform, officially laying out orbital AI data centers and ushering in a new era of space computing power. Space solar power is not affected by day/night cycles or weather. With higher light intensity and far greater energy density than on the ground, it has become the most core energy solution for space computing power, opening up a new long-term “outer space battlefield” for the solar industry.

CITIC Securities estimates that under a conservative scenario, the global demand for space solar power and the market space in 2030 may be about 1GW and more than RMB 80 billion, respectively; under an optimistic scenario, the global demand and market space in 2030 may be about 70GW and nearly RMB 3 trillion, respectively. It is expected that over the next five years, the market growth space for space P-type HJT and perovskite battery cells may reach a scale of one hundredfold or even one thousandfold.

Anxin Securities stated that the international environment in the energy sector is complex and severe, with ongoing intensification of geopolitical conflicts. Solar power and other new energy sources may become a new breakthrough point for ensuring national energy security. Some products, including solar power, will have their VAT export tax rebates canceled starting in April 2026. In the short term, this may drive an increase in domestic solar product shipment demand; in the long term, it may help eliminate outdated production capacity and optimize the capacity structure. In March 2026, scheduling across the solar power value chain will be increased; it is recommended to focus on related targets in energy storage and solar-storage integration.