Huatai Securities: optimistic about the development potential of various technical equipment in the overseas photovoltaic production capacity expansion background.

Huatai Securities research report states that the global algorithmic construction is accelerating, driving rapid growth in photovoltaic demand. Recently, Musk stated at the World Economic Forum in Davos that SpaceX and Tesla teams plan to achieve a total of approximately 200GW of photovoltaic production capacity within about 3 years in the United States. There is a certain differentiation between ground and space photovoltaic technology routes, with TOPCon, HJT, perovskite and other routes showing parallel growth trends. Huatai Securities is optimistic about the development potential of equipment for various technology routes against the background of large-scale construction of photovoltaic capacity overseas.