Elon Musk’s visit to China comes a week after his visit to India was postponed due to “Tesla accountability”.
Musk did not visit India recently as planned, but he met with Indian Prime Minister Narendra Modi to discuss plans to open a Tesla factory in China and met with Chinese Premier Li Qiang in Beijing on Sunday to discuss future expansion plans. He said it would weaken Tesla’s push in China’s electric vehicle (EV) market. Musk is the CEO of the American electric car company Tesla.
According to reports, the CEOs of SpaceX and Tesla traveled to China to meet with Ren Hongbin, director of the China Council for the Promotion of International Trade, upon the invitation of the China Council for the Promotion of International Trade to discuss further cooperation. With China’s state broadcaster CTGN.
Elon musk in China
Musk is expected to meet with senior officials of China’s State Council and “old friends” in Beijing, according to Hong Kong’s South China Morning Post. It became China’s most popular electric car after it entered production in 2006. It has cut prices of Shanghai-made cars by up to 6% to maintain its leadership in China’s high-end electric car sector. Five published an opinion piece in China’s People’s Daily newspaper saying autonomous driving is a growth driver for Tesla.
The country’s energy new auto industry believes the technology will lead to a taxi waiting for a new business model, according to the Post It’s a vision Musk embraces. Despite political divisions in Washington worried about China’s rise, Musk enjoys seeing China on the red carpet as Beijing’s trump card in the United States. Zhongnanhai center, where the Chinese leader lives and works and where former Prime Minister Li Keqiang holds a leadership position, attracted the greatest attention during Musk’s visit to Beijing three days ago, and the Washington Post was received by Foreign Minister Qin Gang.
Tesla largest market
Tesla, the leader of high-end electric cars in China, delivered 603,664 models last year; The number of Model 3 and Model Ys produced at the Shanghai Gigafactory increased by 37.3% compared to 2022. This growth compares with a 37% increase in sales in 2022, when approximately 440,000 cars were delivered.Tesla has been present in China since 2012, when it entered the Chinese market and found its largest market factory.
The project in Shanghai has sold more than 1.7 million cars in China, and Musk is receiving political support for the project in Shanghai. A factory with an annual production capacity of 10,000 Tesla Megapack batteries is used for battery stations. Workers around the world are reducing costs and increasing productivity.
Related Stories:
Tesla slashes Model 3 and Y prices in China for second time
Elon Musk’s net worth tops $300B after Tesla delivery record – New York Post
Dogecoin Surges 15% After Elon Musk Hints Tesla could Accept it as Payment
Tesla to Launch in India After PM Modi and Musk Meet
Elon Musk Asks Biden To Check Facts Before Tweeting
Tesla Cuts Prices For Their Best Vehicles In The US After Car Deliveries Fall
PM Modi To Meet Elon Musk For First Time After His Twitter Takeover
Elon Musk’s $55B Tesla Pay Plan Voided by Delaware Court
