BEIJING: On a surprise visit to Beijing amid speculations of Tesla unveiling its autonomous driving technology in China's growing electric vehicle (EV) market, billionaire Elon Musk on Sunday met Chinese Prime Minister Li Qian and spoke about his automobile. Discussed future expansion plans.
Premier Li met with Musk, CEO of American electric car maker Tesla, in Beijing on Sunday, the state-run Xinhua news agency reported.
Official broadcaster CTGN reported that the SpaceX and Tesla chief traveled to China at the invitation of the China Council to Promote International Trade, and met with CCPIT Chairman Ren Hongbin to discuss further cooperation with the country.
Musk is expected to meet senior Chinese officials on the State Council and "old friends" in Beijing, the Hong Kong-based South China Morning Post reported.
His Tesla has become a popular EV in China after it built a US$7 billion factory in Shanghai, which began production in 2020.Musk, who recently skipped a scheduled visit to India to meet Prime Minister Narendra Modi to firm up plans to open a Tesla factory in the country, is visiting Beijing when his Tesla market in China is set to be launched by the local There is a danger due to increasing sales of EV.
Austin-based (Texas) Tesla has faced stiff competition from Chinese e-makers in the past few years. It has cut prices of its Shanghai-made vehicles by up to six percent to maintain its leading position in China's premium EV segment.
Grace Tao, Tesla's vice president of external relations in China, wrote comments in China's official newspaper People's Daily on Friday, saying that autonomous driving is a key growth driver for the country's new energy vehicle sector. Will prepare a business model. The Post reported that such robotaxis, an approach that Musk has adopted.Musk's latest visit to China coincides with the 2024 Beijing auto show, which opened on Thursday.
As a strong supporter of Beijing in the US, Musk enjoys red-carpet treatment in China, despite concerns over China's growing influence amid political divisions in Washington.
In 2019, Tesla was allowed to drive cars at the Zhongnanhai Complex, the residence and work area of Chinese leaders, when former Premier Li Keqian hosted the CEO, and during Musk's three-day visit to Beijing last June, then-foreigner The minister had welcomed him. According to Post report, Kin Gang.
The visit was warmly welcomed by the Chinese public, with social media posts focusing on the Chinese food Musk ate and some referring to him as a "pioneer" and "Brother Ma".Tesla, the leader in China's premium EV segment, delivered 603,664 Model 3s and Model Ys made at its Shanghai Gigafactory to buyers in China last year, an increase of 37.3 percent compared to 2022.
The growth rate matches the 37 percent increase in sales recorded in 2022 when I delivered about 440,000 vehicles.
Tesla has sold more than 1.7 million cars in China since entering the market in 2012 and its largest factory is located in Shanghai, where Musk enjoys high levels of political support for the project.
In a sign of its further commitment to China, Tesla purchased a parcel of land in Shanghai to build a factory with a planned annual capacity of 10,000 Tesla Megapack batteries, which are used for battery storage stations.
His China visit also coincides with Tesla's recent announcement of cutting its global workforce by "more than 10 percent" to cut costs and increase productivity."As we prepare the company for its next phase of growth, it is extremely important to look at every aspect of the company to cut costs and increase productivity," Musk said in an email. He said Tesla's growth has led to "duplication of roles." And job functions in some areas."
“As part of this effort, we have conducted a thorough review of the organization and made the difficult decision to reduce our workforce globally by more than 10 percent. There is nothing I hate more, but it should be done.This will enable you to be lean, innovative and hungry for the next growth phase cycle,” he said.
The layoffs, which could affect more than 14,000 people, come two weeks after the electric automaker reported a year-over-year sales decline for the first time in three years. The company also warned that sales growth in 2024 could be "significantly lower" than its stated target of 50 percent growth each year, according to a report by state news agency Xinhua.
Premier Li met with Musk, CEO of American electric car maker Tesla, in Beijing on Sunday, the state-run Xinhua news agency reported.
Official broadcaster CTGN reported that the SpaceX and Tesla chief traveled to China at the invitation of the China Council to Promote International Trade, and met with CCPIT Chairman Ren Hongbin to discuss further cooperation with the country.
Musk is expected to meet senior Chinese officials on the State Council and "old friends" in Beijing, the Hong Kong-based South China Morning Post reported.
His Tesla has become a popular EV in China after it built a US$7 billion factory in Shanghai, which began production in 2020.Musk, who recently skipped a scheduled visit to India to meet Prime Minister Narendra Modi to firm up plans to open a Tesla factory in the country, is visiting Beijing when his Tesla market in China is set to be launched by the local There is a danger due to increasing sales of EV.
Austin-based (Texas) Tesla has faced stiff competition from Chinese e-makers in the past few years. It has cut prices of its Shanghai-made vehicles by up to six percent to maintain its leading position in China's premium EV segment.
Grace Tao, Tesla's vice president of external relations in China, wrote comments in China's official newspaper People's Daily on Friday, saying that autonomous driving is a key growth driver for the country's new energy vehicle sector. Will prepare a business model. The Post reported that such robotaxis, an approach that Musk has adopted.Musk's latest visit to China coincides with the 2024 Beijing auto show, which opened on Thursday.
As a strong supporter of Beijing in the US, Musk enjoys red-carpet treatment in China, despite concerns over China's growing influence amid political divisions in Washington.
In 2019, Tesla was allowed to drive cars at the Zhongnanhai Complex, the residence and work area of Chinese leaders, when former Premier Li Keqian hosted the CEO, and during Musk's three-day visit to Beijing last June, then-foreigner The minister had welcomed him. According to Post report, Kin Gang.
The visit was warmly welcomed by the Chinese public, with social media posts focusing on the Chinese food Musk ate and some referring to him as a "pioneer" and "Brother Ma".Tesla, the leader in China's premium EV segment, delivered 603,664 Model 3s and Model Ys made at its Shanghai Gigafactory to buyers in China last year, an increase of 37.3 percent compared to 2022.
The growth rate matches the 37 percent increase in sales recorded in 2022 when I delivered about 440,000 vehicles.
Tesla has sold more than 1.7 million cars in China since entering the market in 2012 and its largest factory is located in Shanghai, where Musk enjoys high levels of political support for the project.
In a sign of its further commitment to China, Tesla purchased a parcel of land in Shanghai to build a factory with a planned annual capacity of 10,000 Tesla Megapack batteries, which are used for battery storage stations.
His China visit also coincides with Tesla's recent announcement of cutting its global workforce by "more than 10 percent" to cut costs and increase productivity."As we prepare the company for its next phase of growth, it is extremely important to look at every aspect of the company to cut costs and increase productivity," Musk said in an email. He said Tesla's growth has led to "duplication of roles." And job functions in some areas."
“As part of this effort, we have conducted a thorough review of the organization and made the difficult decision to reduce our workforce globally by more than 10 percent. There is nothing I hate more, but it should be done.This will enable you to be lean, innovative and hungry for the next growth phase cycle,” he said.
The layoffs, which could affect more than 14,000 people, come two weeks after the electric automaker reported a year-over-year sales decline for the first time in three years. The company also warned that sales growth in 2024 could be "significantly lower" than its stated target of 50 percent growth each year, according to a report by state news agency Xinhua.
