Tesla's Full Self Driving Technology in China

Tesla's stock surged 15% after reaching a key milestone to roll out its Full Self Driving technology in China, following the removal of restrictions due to data security requirements. The company also landed a deal with Chinese internet company Baidu for mapping and navigation technology.

Tesla cars in China

Local Chinese authorities have removed restrictions on Tesla cars in China after the company's vehicles passed the country's data security requirements. Tesla's electric cars are popular in China but were banned from some government properties due to data collection concerns. Other electric vehicle manufacturers like BYD, Lotus, Nezha, Li Auto, and Nio also passed the data security rules. Tesla localized data storage in 2021 and is working towards making Full Self Driving available in China.