Jinko Solar(SH:688223) Xin Lang Cai Jing·2026-02-04 07:10Core Viewpoint - The recent surge in the A-share photovoltaic sector, particularly the space photovoltaic concept, is driven by news of Elon Musk's team secretly visiting multiple Chinese photovoltaic companies to explore advanced technologies [2][4][6]. Group 1: Market Reaction - The A-share photovoltaic sector experienced a strong rally, with companies like JinkoSolar hitting a 20% limit up, and others such as ZERUN New Energy and Zhonglai Co. also reaching their limits [2][4]. - The catalyst for this market movement is the visit from Musk's team, which has sparked interest in the space photovoltaic concept, linking it to AI computing needs and space exploration [4][6]. Group 2: Company Engagement - JinkoSolar confirmed contact with Musk's team, which assessed the company's technological reserves and production equipment, although specific details about collaboration remain undisclosed [3][13]. - The focus of Musk's team during their visit included advanced technology routes, particularly heterojunction and perovskite solar cells, with reports indicating that orders have already been placed for heterojunction equipment [3][13]. Group 3: Space Photovoltaic Concept - Musk announced plans to establish a photovoltaic base with an annual capacity of 200 GW to support energy needs for ground data centers and space AI satellites [6][16]. - The efficiency of solar panels in space is projected to be five times greater than on Earth due to continuous sunlight and lack of atmospheric interference, with predictions that deploying AI in space will be the most cost-effective solution within two to three years [6][16]. Group 4: Future Outlook - Research institutions express optimism about the long-term potential of space photovoltaics, with SpaceX's application to deploy millions of computing satellites reinforcing demand expectations [7][17]. - The global demand for electricity in data centers is expected to double by 2035, with AI being a significant contributor, making the deployment of satellites in space a viable solution for sustainable energy [7][17]. - As satellite launches increase and the transition from communication satellites to more power-intensive computing satellites occurs, the demand for space energy is anticipated to grow significantly, positioning photovoltaics as the only reliable energy source in space [8][18].