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According to a report in the Washington Post, Yilong·masike, Chairman of SolarCity's solar companies (Elon Musk) announced Tuesday that it will buy solar panel manufacturers Silevo and build the world's largest solar panel factory.

"If we don't do this, we may not be able to provide solar panels required for long-term business expansion. "Mr MASKEY said in a conference call on Tuesday.

Musk's Tesla Electric Company (Tesla), founder and CEO, the company is planning to build a file named "gigafactory" Super factory, for the production of solar cells for electric vehicles.

Musk's future aimed at the areas of electric cars and solar, these moves are designed to ensure that the supply of key components for electric vehicles and solar system.

Musk future customers can completely ignore the traditional energy companies. After their SolarCity installed solar panels on the roof, garage of Tesla Motors can be an adequate supply of electricity. At night, they can take out the Tesla battery-bedroom to give it energy.

Of course, this is a distant vision. Now, solar power is still much more expensive than traditional power, without even considering the high cost of spare batteries, too. Moreover, the electric cars in the current vehicle market share of less than 1%. However, musk has been far-sighted. He was also the rocket company SpaceX, CEO, the company's ultimate goal is to allow people living on other planets.

SolarCity by musk's cousin Lyndon Rive and Peter Rive was founded, with headquarters in the United States, California, San Mateo (San Mateo), is currently the United States, one of the largest rooftop solar system developed and installed.

SolarCity's acquisition of Silevo is at risk because the current global glut of solar panels have been, firm's profit decline. Some companies, including Suntech Power once the industry leader has gone bankrupt, while others are forced to field of the development and installation of solar energy systems.

Terms of the deal were not disclosed. SolarCity's shares rose nearly 14% in midday trading Tuesday.

SolarCity said it does not intend to produce more economical Panel because the Panel market is already saturated. Instead, it will make more efficient panels, and reducing their costs, thereby reducing the total cost of solar power. Silevo production of relatively sophisticated solar panel efficiency than conventional panels is high.

SolarCity also said it is in talks with the State of New York for the construction of a super plant, the plant will be the world's largest factory, a. The plant will produce enough solar panels each year, and they are capable of producing 1GW of peak power, can be equipped with approximately 200,000 households.

This will "is just the beginning. "Mr MASKEY said. Future factories will make 10GW peak power panels.

Moreover, the appearance of these panels will also be very different from typical solar cells. Musk hopes pretty solar panels attract homeowners.

"We want your roof, as a nice and pleasant solar system. "He said.