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Home » Musk visits China as competitors unveil new electric cars at Beijing Motor Show
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Musk visits China as competitors unveil new electric cars at Beijing Motor Show

i2wtcBy i2wtcApril 29, 2024No Comments2 Mins Read
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BEIJING (AP) — tesla Founder and CEO Elon Musk He met with top government officials in the Chinese capital on Sunday, just as Chinese automakers were showing off their technology. latest electric car models At the Beijing Motor Show.

Chinese state broadcaster CCTV reported on its main evening news program that Chinese Premier Li Qiang told Musk that the United States could “win-win” with China, citing Tesla’s business in China as an example of successful economic cooperation. He said he looks forward to further cooperation with Win.

For China, Mr. Musk is a welcome antidote to the acrimonious talks between U.S. officials that have unfolded in recent days. during the visit By Secretary of State Antony Blinken. Li’s comments also reflect China’s efforts to attract foreign investment to shore up its struggling economy.

It is unclear whether Mr. Musk will visit. auto show, continues until this week. Chinese automakers and startups have launched a series of electric vehicles in recent years. confront head on It has partnered with Tesla to undercut American manufacturers in price.

According to a previous CCTV online report, Musk came to Japan at the invitation of the China Council for the Promotion of International Trade, met with the council’s chairman Ren Hongbin, and exchanged views on further cooperation and other topics.

Tesla has its main manufacturing base in Shanghai, selling within China and exporting to Europe and other regions. The company cut prices in China a week ago, dropping the Model 3 to 231,900 yuan ($32,700) and the Model Y to 249,900 yuan ($35,200). similar reduction in the united states

The European Union is started an investigation It would be included in subsidies for China’s EV industry and could lead to tariffs on Chinese-made electric vehicles, potentially including Tesla vehicles.

Green energy subsidies are helping to transform China’s car market, with EVs accounting for about a quarter of new car sales last year and eating into demand for gasoline-powered cars.

Foreign automakers, etc. Volkswagen and Nissan Companies are racing to develop new EV models to maintain or regain market share in China, the world’s largest car market.





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