Elon Musk's Visit to China
Elon Musk met with China's Premier Li Qiang in Beijing, where they discussed China's commitment to being open to foreign firms. Musk praised the hardworking Chinese team at his Tesla Gigafactory in Shanghai and expressed willingness to deepen cooperation with China. The visit coincides with a price war in the competitive EV market and Beijing hosting a massive auto show.
Key Points
- China promises to support foreign firms
- Musk praises Chinese team at Tesla Gigafactory
- Beijing hosting auto show amidst price war in EV market
Pros
- China's commitment to being open to foreign firms
- Potential for deepening cooperation between Tesla and China
Cons
- Tesla recalled over 1.6 million electric vehicles in China in January
- Intense competition in China's EV market