Tesla CEO Elon Musk arrived in China on Sunday, state media mentioned, the tech billionaire’s second journey in lower than a 12 months to the world’s largest marketplace for electrical automobiles.
“At the invitation of the China Council for the Promotion of International Trade, Tesla (US) CEO Elon Musk arrived in Beijing this afternoon,” state broadcaster CCTV mentioned.
State media mentioned Musk met with Ren Hongbin, the pinnacle of the China Council for the Promotion of International Trade, “to discuss next steps in cooperation and other topics”.
Musk has intensive business pursuits in China and his most up-to-date go to was in June final 12 months.
Tesla didn’t reply to AFP’s earlier requests for affirmation that Musk was visiting China or share his itinerary for the journey.
The mercurial magnate is a controversial determine within the West, however in China Tesla’s electrical automobiles have turn into a staple of middle-class city life.
Musk’s arrival in China coincides with a cut-throat value struggle between corporations determined to get forward within the fiercely aggressive EV market.
It additionally comes as Beijing hosts a large auto present.
China’s native automobile large BYD — “Build Your Dreams” — beat Tesla in final 12 months’s fourth quarter to turn into the world’s high vendor of EVs.
Tesla reclaimed that title within the first quarter of this 12 months, however BYD stays firmly on high in its house market.
Source: www.anews.com.tr