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Home » Elon Musk arrives in Beijing amid efforts to promote Tesla’s self-driving technology
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Elon Musk arrives in Beijing amid efforts to promote Tesla’s self-driving technology

i2wtcBy i2wtcApril 28, 2024No Comments4 Mins Read
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Billionaire Elon Musk arrived in Beijing on Sunday with hopes of bringing something to the table. Tesla’s Autonomous driving technology will be introduced in China as competition intensifies with local electric vehicle (EV) manufacturers in the world’s largest car market.

Mr. Musk is scheduled to meet with senior State Council officials and “old friends” in Beijing, a person familiar with the deal said.

According to Chinese state broadcaster CTGN, top executives from SpaceX and Tesla visited China at the invitation of the China Council for the Promotion of International Trade and met with CCPIT Chairman Ren Hongbin to discuss further cooperation with the country.

Tesla’s India electric vehicle plan remains on track despite postponement of Musk’s visit

Austin, Texas-based Tesla has faced intense competition from Chinese electric car makers in recent years. To maintain its leading position in China’s premium EV segment, the company has reduced prices of its Shanghai-made vehicles by up to 6%.

China is increasingly adopting advanced driver assistance systems and higher levels of self-driving features in mass-produced cars, and Musk said Tesla’s Autopilot and supervised full self-driving (FSD) options will soon be available to Chinese customers. He said it may be provided. A Chinese Tesla owner asked about this on the social media platform X, formerly known as Twitter.

Grace Tao, Tesla’s vice president of China external relations, wrote an op-ed in China’s state-run newspaper People’s Daily on Friday, saying self-driving is a key growth driver for the country’s new energy vehicle sector, adding that the technology is a new He claimed that it would create new technology. Business models such as robotaxis, a vision that Mr. Musk has embraced.

Musk’s visit to China coincides with the 2024 Beijing Auto Show, which opens on Thursday and runs through Saturday. This year his event attracted more than 1,500 exhibitors, with major companies showing off their latest EVs. Tesla does not have a booth at the show, and last attended in 2021, Reuters reported.

Musk enjoyed the red carpet treatment during his last visit to China. In 2019, Tesla was allowed to drive into the Zhongnanhai compound, which is the residential and working area of ​​Chinese leaders, when former Premier Li Keqiang hosted the CEO, and during Musk’s three-day visit to Beijing in June last year. During that time, he was welcomed by foreigners from China at the time.minister Chin Gan.

Tesla launches new model ahead of schedule, stock price soars

During his visit, Musk also met with China’s Vice Prime Minister Ding Xuexiang and China’s Minister of Commerce and Industry. The trip was warmly received by the Chinese public, with social media posts highlighting the Chinese food Musk ate, with some calling him a “pioneer” and a “Brother Ma.”

Tesla is the leader in China’s premium EV segmentLast year, the company delivered 603,664 Model 3s and Model Ys manufactured at its Shanghai Gigafactory to Chinese buyers, an increase of 37.3% from 2022. This growth rate is comparable to the 37% increase in sales recorded in 2022, when approximately 440,000 units were delivered. .
Tesla has sold more than 1.7 million cars in China since entering the market in 2012, with its largest factory in Shanghai, and Mr. Musk has a high level of political support for the project. are enjoying it. As a sign of further commitment to China, Tesla has purchased a parcel of land to build a factory in Shanghai. Planned annual production capacity is 10,000 Tesla Megapack batteriesused for battery storage stations.
A visitor checks out a Tesla Model 3 car next to a Model Y on display at the company’s showroom in Beijing, February 4, 2023.Photo: Reuters

Chinese EV makers are trying to woo consumers with improved driver-assistance features such as autonomous city and highway navigation and smart parking. According to a report by research firm Counterpoint, China is expected to become the largest connected car market, followed by the US, India, Japan and Germany, with electrification, autonomous driving and advanced infotainment features driving the sector forward. It is said to be the main driving force behind growth.

However, self-driving cars are still more of a dream than a reality in China, and most advanced self-driving robotaxis operate only in designated suburban areas, where traffic conditions are far less complex than in urban areas. allowed.

Self-driving car companies have struggled to turn a profit in China due to high operating costs and low profits from maintaining large robotaxi fleets. Baidu, which has robotaxis in multiple cities, said its self-driving unit will focus on generating revenue and profits after years of burning cash. Smaller companies like WeRide and Pony AI are joining big automakers in trying to monetize their services as robotaxis continue to operate at a loss.



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