Tesla CEO Elon Musk recently met with Chinese Premier Li Qiang in Beijing during the auto show, where they discussed the potential for increased cooperation between the United States and China. Premier Li praised Tesla’s operations in China as a successful example of economic cooperation, highlighting the electric car company’s major manufacturing base in Shanghai for both domestic sales and exports.
The meeting between Musk and Premier Li comes at a time of escalating tensions between the U.S. and China, with tough talk from American officials towards the Asian nation. China is actively seeking foreign investment to boost its economy, particularly in the electric vehicle (EV) market, where EV sales accounted for about a quarter of new car sales last year.
While Chinese automakers are launching new electric vehicles to compete with Tesla, the American company recently reduced prices in China. However, Tesla is currently facing an investigation by the European Union into Chinese EV subsidies.
Despite the ongoing challenges, foreign automakers are working diligently to develop new EV models to compete in China’s growing EV market. Premier Li did not confirm whether Musk would attend the Beijing auto show, but his visit has certainly sparked discussions about the future of EVs in China and the potential for continued collaboration between the two countries. Stay tuned to Guam News Factor for more updates on this developing story.
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