China’s Laplace hits upper limit on Tesla order report; company says no deal yet

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Asia stocks surge as Trump touts end to Iran war; S.Korea outperforms with 8% jump Trump says U.S. to leave Iran in “two or three weeks” Trump urges countries to "take" Hormuz as White House reportedly mulls Iran exit Oil steady around $104/bbl as Trump eyes Iran war exit without Hormuz reopening (South Africa Philippines Nigeria) China’s Laplace hits upper limit on Tesla order report; company says no deal yet By Author Ayushman Ojha Stock Markets Published 04/01/2026, 01:43 AM China’s Laplace hits upper limit on Tesla order report; company says no deal yet 1 TSLA 4.64% 688726 15.69% Investing.com-- China’s Laplace Renewable Energy (SS:688726) hit its 20% daily upper trading limit on Wednesday after local media reported it had won a major order tied to Tesla , before the company said no such contract had yet been secured. Cailian Press reported on Tuesday that Laplace had won the second phase of Tesla’s solar project, with the order valued at nearly 10 billion yuan ($1.45 billion), citing market sources. The report said the contract size would equal about 183% of Laplace’s 2025 revenue of 5.45 billion yuan. Get real-time updates on market-moving news with InvestingPro Laplace later said in an exchange statement that it “has not secured relevant orders so far,” adding that no binding agreement related to the reported project had been signed. The clarification came after investors rushed into the stock, betting that a large overseas order could sharply boost earnings. Shares of the company surged 20% to hit its upper circuit of 65.84 yuan. The move also follows earlier reports that Tesla planned to purchase about $2.9 billion worth of solar manufacturing equipment from Chinese suppliers.