Current location:World Walkthrough news portal > politics
Elon Musk visits China as Tesla seeks self
World Walkthrough news portal2024-05-21 08:51:04【politics】9People have gathered around
IntroductionElon Musk has promised that his long-awaited driverless cars will make their debut on the streets of
Elon Musk has promised that his long-awaited driverless cars will make their debut on the streets of China as he made a surprise visit to Beijing on Sunday.
The Tesla boss sat down with Chinese premier Li Qiang just a week after canceling a meeting with India's PM Narendra Modi, citing 'very heavy Tesla obligations'.
The company has lost nearly a third of its value since the start of the year with investors growing tired of repeated delays to its roll-out of cars with full self-driving software (FSD).
But Li praised Tesla as a successful example of US China economic cooperation as analysts hailed 'a major moment for Tesla'.
'While the long term valuation story at Tesla hinges on FSD and autonomous, a key missing piece in that puzzle is Tesla making FSD available in China which now appears on the doorstep,' said equity firm Wedbush.
Elon Musk said he was 'honored' to meet Chinese premier Li Qiang on his surprise visit
The Tesla boss jetted in just a week after canceling a meeting with India's PM Narendra Modi
Tesla's Shanghai plant is its biggest and has helped deliver 1.7m vehicles to the Chinese market
Musk opened his first Chinese gigafactory in Shanghai six years ago and it is now Tesla's biggest in the world.
Earlier this month Musk tweeted that a Chinese roll-out of his FSD would happen 'very soon', with Li seemingly relaxed about using his country's crowded streets as the testbed for the pioneering technology.
But Musk was also keen to win his permission to take home data collected in the China to train algorithms for Tesla's autonomous driving technologies in the US, sources told Reuters.
Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.
'Honored to meet with Premier Li Qiang. We have known each other now for many years, since early Shanghai days,' Musk posted on his social media platform X, as he appeared in a picture with the premier.
Musk's visit to China was not flagged publicly and Tesla did not respond immediately to a request for comment.
Chinese state broadcaster CCTV in its report about Musk's meeting with Li did not say whether the two had discussed FSD or data.
But state radio said Qiang had visited the ongoing Beijing auto show and had commented about how China's smart new energy vehicle sector had gained a leading position in the market and that the country had to work hard and maintain its advantages.
'It is good to see electric vehicles making progress in China. All cars will be electric in the future,' Musk said in a video.
The company has lost nearly a third of its value since the start of the year
Tesla has sold more than 1.7 million cars in China since it entered the market a decade ago, but earlier this month warned it would lay off 10 percent of its global workforce as it grapples with falling sales and an intensifying price war for EVs led by Chinese brands.
Musk said last week that Tesla would introduce new cheaper models using its current EV platforms and production lines and would offer a new 'robotaxi' with self-driving technology by August 8.
Late on Sunday, a top Chinese auto association published a list of 76 car models it said it had tested and found to be compliant with China's data security requirements, among them being Tesla's Model Y and 3 cars.
But it came just two days after US regulators announced an investigation into whether Tesla's recall of more than 2 million vehicles in the United States announced in December to install new Autopilot safeguards was adequate following a series of crashes.
Address of this article:http://nigeria.prpsystems.net/news-44e699322.html
Very good!(58218)
Related articles
- The unstoppable duo of Emma Stone and Yorgos Lanthimos
- Interior Design Masters final crowns Rosin the winner with her VERY colourful holiday lodge re
- Ally McCoist urges one Man United star to be first out the door in club's mass sale this summer
- Champions League
- Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
- Wu gets double as Shanghai outclass Changchun
- States with abortion bans saw greater drops in medical school graduates applying for residencies
- Taylor Swift and Travis Kelce's Lake Como trip revealed! Inside their five
- 'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
- Ancelotti faces goalkeeper dilemma ahead of CL final
Popular articles
Recommended
Fresh heartache for cancer
Copper has career
Chinese paddlers continue winning streak at WTT Champions Incheon
Robin Goodfellow's racing tips: Best bets for Saturday, May 18
French sports minister calls for sanctions after Monaco player tapes over anti
2 dead and 5 missing after a boat collision on the Danube River in Hungary
Anya Taylor
Rochelle Humes flaunts her incredible figure in black bikini before slipping into a cream two
Links
- US paused bomb shipment to Israel to signal concerns over Rafah invasion
- 42 Neolithic sites found in NE China
- Karlie Kloss sparkles as she shows off her model figure in a pink crystal
- Biden revives effort to lower costs of caregiving for families
- Jennifer Garner's look
- Toyota racks up booming profit, vows to invest to keep growth going
- China to expedite building modern eco
- Maria Sharapova wows in neon tennis
- Maria Sharapova wows in neon tennis
- Met Gala 2024: Rebecca Hall embraces Garden of Time theme with semi