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Shares of Chinese solar panel makers surged Wednesday after local media reported that staff linked to Elon Musk had recently visited several photovoltaic suppliers in China, sparking speculation that a high-profile customer could boost demand for advanced products.
The reports fueled talk of a potential business partnership and came days after Musk said he planned to build large-scale solar cell production capacity in the U.S.
Shares of China-based JinkoSolar
, one of the world’s largest panel producers, jumped as much as 20% in early trade, hitting their daily limit, according to LSEG data.
