BR100 Increased By (1.02%)
BR30 Increased By (1.71%)
KSE100 Increased By (0.58%)
KSE30 Increased By (0.65%)
BECO 6.03 Increased By ▲ 0.26 (4.51%)
BML 52.61 Decreased By ▼ -0.39 (-0.74%)
BOP 34.23 Increased By ▲ 0.24 (0.71%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.23 Increased By ▲ 0.03 (0.25%)
FCCL 53.80 Increased By ▲ 0.97 (1.84%)
FCSC 5.24 Increased By ▲ 0.17 (3.35%)
FFL 18.03 Increased By ▲ 0.08 (0.45%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.00 Increased By ▲ 0.12 (1.1%)
KEL 8.07 Increased By ▲ 0.05 (0.62%)
KOSM 5.39 Decreased By ▼ -0.13 (-2.36%)
MLCF 87.90 Increased By ▲ 1.39 (1.61%)
NBP 186.60 Increased By ▲ 1.44 (0.78%)
PACE 10.75 Increased By ▲ 0.17 (1.61%)
PAEL 39.95 Increased By ▲ 0.53 (1.34%)
PIAHCLA 26.19 Decreased By ▼ -0.03 (-0.11%)
PIBTL 17.32 Increased By ▲ 0.65 (3.9%)
PPL 233.49 Increased By ▲ 5.31 (2.33%)
PRL 34.98 Increased By ▲ 0.30 (0.87%)
PTC 67.71 Increased By ▲ 2.38 (3.64%)
SEARL 90.90 Increased By ▲ 0.77 (0.85%)
SSGC 27.20 Increased By ▲ 0.60 (2.26%)
TELE 8.57 Increased By ▲ 0.29 (3.5%)
THCCL 60.85 Increased By ▲ 2.35 (4.02%)
TPLP 8.78 Increased By ▲ 0.56 (6.81%)
TREET 24.65 Increased By ▲ 0.12 (0.49%)
TRG 71.50 Increased By ▲ 1.79 (2.57%)
WAVES 10.01 Increased By ▲ 0.07 (0.7%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
World

Elon Musk visits China’s commerce and industry ministries

Published May 31, 2023 Updated May 31, 2023 09:39am
Photo: REUTERS
Photo: REUTERS
By

BEIJING: Tesla Inc CEO Elon Musk kicked off his second day in China with visits to the country’s commerce ministry and industry ministry.

Musk left his hotel on Wednesday morning accompanied by Grace Tao, Tesla’s China-based public affairs chief and Tom Zhu, head of global manufacturing.

At the commerce ministry, he was sent off with a handshake from the minister Wang Wentao.

He next visited the Ministry of Industry and Information which has regulatory oversight of the automotive industry. Tesla and the ministries did not immediately reply to a request for comment on discussions with Musk.

Musk’s first visit to China in three years comes as Tesla faces intensifying competition from Chinese-made electric vehicles and some uncertainty about expansion plans for the Shanghai plant.

The factory produced over 700,000 Model Y and Model 3 vehicles last year, more than half of the company’s global output.

Another area of interest for investors is whether China regulators will clear the release of Tesla’s advanced driver assistance features. The features are available in the United States as part of the “Full Self Driving” software it sells for $15,000 per vehicle.

A day earlier, Musk met with Chinese Foreign Minister Qin Gang.

Musk expected to visit China this week, meet officials: sources

He also had dinner with Zeng Yuqun, chairman of CATL, the Chinese battery giant and a key Tesla supplier, on Tuesday evening, according to a source and photos shared on social media.

CATL did not respond to requests for comment. Musk is expected to meet other senior Chinese officials and visit the Shanghai plant later in the week, sources have said, though it was not clear who exactly he would meet or what issues they would discuss.

Comments

Comments are closed for this article.

Tulukan Mairandi May 31, 2023 03:33pm
No Tesla investment for Pakistan?
0
test May 31, 2023 06:40pm
China has BYD, Xpeng, SAIC, Nio, Li Auto, Geely, Zeekr which are one of the most successful electric vehicle brands in China and in the world. Tesla like other american companies can be a security risk like any other american company which means it definitely poses a security risk to the national interests of China. I personally do not like american products and businesses due to mistrust because american products contain backdoors & spywares be it weapons, vehicles, computers, smartphones, apps, softwares, aircrafts and microchips and can be controlled by CIA, Pentagon, NSA under the umbrella of Joint Enterprise Defense Infrastructure (JEDI) which is an american surveillance program to hack all over the world.
0