Current location:Culture Compass news portal > sport
Elon Musk visits China as Tesla seeks self
Culture Compass news portal2024-05-21 13:06:24【sport】3People have gathered around
IntroductionElon Musk has promised that his long-awaited driverless cars will make their debut on the streets of
Elon Musk has promised that his long-awaited driverless cars will make their debut on the streets of China as he made a surprise visit to Beijing on Sunday.
The Tesla boss sat down with Chinese premier Li Qiang just a week after canceling a meeting with India's PM Narendra Modi, citing 'very heavy Tesla obligations'.
The company has lost nearly a third of its value since the start of the year with investors growing tired of repeated delays to its roll-out of cars with full self-driving software (FSD).
But Li praised Tesla as a successful example of US China economic cooperation as analysts hailed 'a major moment for Tesla'.
'While the long term valuation story at Tesla hinges on FSD and autonomous, a key missing piece in that puzzle is Tesla making FSD available in China which now appears on the doorstep,' said equity firm Wedbush.
Elon Musk said he was 'honored' to meet Chinese premier Li Qiang on his surprise visit
The Tesla boss jetted in just a week after canceling a meeting with India's PM Narendra Modi
Tesla's Shanghai plant is its biggest and has helped deliver 1.7m vehicles to the Chinese market
Musk opened his first Chinese gigafactory in Shanghai six years ago and it is now Tesla's biggest in the world.
Earlier this month Musk tweeted that a Chinese roll-out of his FSD would happen 'very soon', with Li seemingly relaxed about using his country's crowded streets as the testbed for the pioneering technology.
But Musk was also keen to win his permission to take home data collected in the China to train algorithms for Tesla's autonomous driving technologies in the US, sources told Reuters.
Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.
'Honored to meet with Premier Li Qiang. We have known each other now for many years, since early Shanghai days,' Musk posted on his social media platform X, as he appeared in a picture with the premier.
Musk's visit to China was not flagged publicly and Tesla did not respond immediately to a request for comment.
Chinese state broadcaster CCTV in its report about Musk's meeting with Li did not say whether the two had discussed FSD or data.
But state radio said Qiang had visited the ongoing Beijing auto show and had commented about how China's smart new energy vehicle sector had gained a leading position in the market and that the country had to work hard and maintain its advantages.
'It is good to see electric vehicles making progress in China. All cars will be electric in the future,' Musk said in a video.
The company has lost nearly a third of its value since the start of the year
Tesla has sold more than 1.7 million cars in China since it entered the market a decade ago, but earlier this month warned it would lay off 10 percent of its global workforce as it grapples with falling sales and an intensifying price war for EVs led by Chinese brands.
Musk said last week that Tesla would introduce new cheaper models using its current EV platforms and production lines and would offer a new 'robotaxi' with self-driving technology by August 8.
Late on Sunday, a top Chinese auto association published a list of 76 car models it said it had tested and found to be compliant with China's data security requirements, among them being Tesla's Model Y and 3 cars.
But it came just two days after US regulators announced an investigation into whether Tesla's recall of more than 2 million vehicles in the United States announced in December to install new Autopilot safeguards was adequate following a series of crashes.
Address of this article:http://burundi.liveandunplugged.org/news-66a899078.html
Very good!(47)
Related articles
- What's next for Iran after death of its president in crash?
- VOX POPULI: Rooting for the Sendai killifish that survived the 2011 tsunami
- Politics updates: Follow updates for the latest on government targets
- One dead in Northland crash
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- China's 'core socialist values' daubed on a London wall inspire war of words
- Public servants want to know if management positions will be on the chopping block
- Shi Fu Miz 2023: Hong Kong music & art festival returns to Cheung Chau farm, expands to 3 days
- Children are evacuated from school 'during an exam' after threat made via email
- Hong Kong's exhibition centre axed booking for concert without reason, says pro
Popular articles
Recommended
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
VOX POPULI: Radiation lingers even 70 years after H
Alarm over 'strange' illness that has killed four and sickened dozens more in Nigeria
Second dog infected with rare parasite babesia gibsoni
Russian theater director and playwright go on trial over a play authorities say justifies terrorism
Hainan island: Known as 'China's Hawaii,' the vacation hotspot is also a strategic military base
VOX POPULI: LDP lawmakers’ remarks about political funds create a paradox
Public servants want to know if management positions will be on the chopping block
Links
- TikTok star Davis Clarke goes viral after appearing to soil himself during Boston Marathon
- Liaoning lead title contenders into CBA playoffs
- Apple CEO says that he wants to increase investments in Vietnam
- FIS president hails China's skiing, snowboarding potential
- Jones carries Xinjiang past Beijing in CBA
- Living Nostradamus warns future epidemics could come from AI laboratories
- Baltimore Key bridge collapse: Crews race against time to remove wreckage
- Legendary animator Hayao Miyazaki's new Oscar
- 70 countries, regions to participate in int'l travel trade fair in SW China
- TikTok users are sent into a frenzy over 'missing' conspiracy theorist