• Tue. May 14th, 2024

Tesla CEO Elon Musk surprises Chinese market with unexpected visit amid electric car slowdown situation

BySamantha Nguyen

Apr 28, 2024
Tesla CEO Elon Musk surprises Chinese market with unexpected visit amid electric car slowdown situation

During a meeting between Tesla CEO Elon Musk and Chinese Premier Li Keqiang, the details of their discussion were not publicly disclosed. However, footage from China’s state broadcaster showed Premier Li praising Tesla as a successful example of Sino-American economic and trade cooperation.

Reports suggest that Musk is seeking permission to transfer driving data collected by Tesla in China to the US for processing. This move would allow Tesla to improve its autopilot driverless car software by leveraging its most advanced autonomous driving technology. Currently, Chinese laws prohibit the transfer of domestic data out of the country, and full self-driving autopilot has not been enabled in China.

Removing this barrier is crucial for Tesla’s success in China, as it is the company’s second-largest market and faces competition from Chinese rivals with their own autonomous driving software. Analyst Dan Ives from Wedbush Securities believes that obtaining approval to transfer data collected in China abroad would be a game changer for Tesla.

Overall, this visit from Elon Musk to China is expected to strengthen Tesla’s presence in the Chinese electric vehicle market at a critical moment. The potential for expanding the use of full self-driving autopilot in China could significantly impact Tesla’s growth in the region.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

Leave a Reply