International Courant
The Telsa CEO’s unannounced visits come as Chinese language carmakers promote competing fashions on the Beijing Motor Present.
Tesla CEO Elon Musk has met with China’s No. 2 official throughout an unannounced go to to Beijing.
Musk’s assembly with Chinese language Premier Li Qiang comes as Chinese language automakers promote their newest electrical autos on the Beijing Motor Present operating from April 25 to Could 5.
Throughout their assembly on Sunday, Li advised Musk he hoped america would work with China on a “win-win” cooperation, citing Tesla’s operations in China as a profitable instance of cooperation, Chinese language state media reported .
“China’s very large-scale market will at all times be open to foreign-funded firms,” Li mentioned.
“China will hold its phrase and proceed to work onerous to increase market entry and strengthen service ensures.”
Musk mentioned in a publish on X that he was “honored” to satisfy the No. 2 official.
“We have recognized one another for a few years now, because the early Shanghai days,” Musk mentioned.
Musk’s go to was not introduced prematurely and it’s unclear whether or not his itinerary may embrace a go to to the Beijing auto present, the place Chinese language automakers are exhibiting off electrical autos that compete straight with Tesla’s fashions.
The billionaire entrepreneur’s journey comes simply over every week after he canceled a deliberate go to to India to satisfy Prime Minister Narendra Modi resulting from “very heavy Tesla commitments”.
Tesla operates its largest manufacturing unit outdoors the US in Shanghai, the place about half of its autos are produced.
The electrical automobile producer is combating disappointing gross sales, partly resulting from fierce competitors from Chinese language manufacturers.
Tesla’s automobile deliveries fell 8.5 p.c within the first quarter, contributing to a 40 p.c decline in its inventory worth since July.
The corporate final week reported first-quarter revenue of $1.1 billion, up from $2.51 billion a yr in the past.
Musk advised employees in a memo earlier this month that the corporate would lay off greater than 10 p.c of its world workforce so it could be “lean, progressive and hungry for the subsequent development section cycle.”
Chinese language auto large BYD dethroned Tesla because the world’s largest electrical car maker within the ultimate three months of 2023, though the Austin, Texas-based firm reclaimed the title within the first quarter of this yr.
Musk has made a number of journeys to China lately, wrapping up his most up-to-date go to in June final yr.
Elon Musk meets China’s No. 2 official in Beijing | Expertise
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