Elon Musk always had a vision for Tesla in the Chinese market. And, according to the Wall Street Journal, 'President Xi Jinping defiantly pledged to make China the world’s future innovation and industrial center. Key to
, “President Xi Jinping defiantly pledged to make China the world’s future innovation and industrial center. Key to his plan was Elon Musk.”“Mr. Xi viewed the South African-born entrepreneur as a technology utopian … and saw his Tesla Inc. as a spearhead that could make China a power in new-energy cars. Mr. Xi rewrote the rulebook to allow foreign companies sole ownership of auto ventures so Mr.
It’s reported that, “Chinese leaders had grown frustrated with domestic electric-vehicle companies’ performance and saw Tesla as an opportunity to reset the country’s auto industry.” In turn, “Tesla’s arrival whetted people’s interest in electric vehicles. The 2019 launch of the made-in-China Tesla Model 3 helped convince consumers such vehicles were a viable alternative to gasoline cars.”“China’s game isn’t to let Tesla win,” said Bill Russo, founder of Automobility, a Shanghai-based consulting firm. “China’s game is to make the domestic industry compete.”
And it’s not surprising because “Mr. Musk remains personally popular in China, where people accustomed to conformity admire his maverick behavior … [and] Chinese tech entrepreneurs look to him for inspiration, tracking moves of the ‘Silicon Valley Iron Man.'”, “Today Tesla likely makes more than half its vehicles in China, suggest calculations based on the company’s third-quarter production and delivery figures and China Passenger Car Association data.
And that’s not all. “The Shanghai plant now is Tesla’s main export hub and helped the company introduce its Model Y to Europe. … The factory makes more vehicles than Tesla’s plant in Fremont, Calif., Mr. Musk said in October, and underpinned the company’s record global deliveries in the third quarter.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla opens showroom in region of China associated with genocide allegationsIt celebrated the launch with a post on Weibo.
Read more »
This 840 HP Electric Mustang Is Built on the Tesla Model S PlatformThe Russian company claims its prototype has a top speed of 155 mph and a range of 315 miles.
Read more »
Elon Musk Adds $30 Billion to His Personal Worth as Tesla Exceeds Delivery ExpectationsTesla's remarkable record is adding billions to Musk's personal worth in just one day. Even after he has sold off a chunk of his stock.
Read more »
Tesla Stock Price and Forecast: TSLA shares headed to $1,243, then $1,300Tesla Stock Price and Forecast: TSLA shares headed to $1,243, then $1,300 By ClayMarkets Automobiles SupportResistance Technical Analysis Prices China
Read more »
Tesla just opened a new showroom in China's Xinjiang regionTesla has opened a new showroom in Xinjiang, a region in western China that is purported to be the site of abuse and brutal repression of the country's Uyghurs, a predominantly Muslim ethnic minority.
Read more »
Tesla is criticized over new showroom in China's Xinjiang regionTesla’s announcement that it has opened a showroom in the Chinese region of Xinjiang has attracted criticism from U.S. rights and trade groups.
Read more »