Elon Musk kicks off China visit, Tesla expansion in focus

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Elon Musk kicks off China visit, Tesla expansion in focus
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ICYMI: A private jet used by Tesla CEO Elon Musk arrived in China. The country's foreign ministry said in a statement that the government welcomed Musk and other business leaders looking to promote 'mutually beneficial cooperation'

Musk met Chinese foreign minister Qin Gang hours after landing in Beijing.

The foreign ministry quoted Musk as saying he was willing to expand business in China and opposed a decoupling of the U.S. and China economies, adding he described the world's two largest economies "conjoined twins." A source with knowledge of the matter said on Tuesday that a meeting with Zeng Yuqun, chairman of CATL

Reuters reported in March that Musk had been planning a trip to China and seeking a meeting with Chinese Premier Li Qiang. Investment firm Wedbush analyst Daniel Ives said he expected Tesla to "aggressively focus on building out its China footprint".

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