Elon Musk Meets Chinese Premier Li Qiang: Tesla's Cooperation Amid US-China Tensions and China's Electric Vehicle Boom
Elon Musk, the founder and CEO of Tesla, met with Chinese Premier Li Qiang in Beijing during the auto show where carmakers presented their new electric vehicles.
Musk's visit was seen as a favorable contrast to the stern statements from US officials, particularly during Antony Blinken's recent visit.
Premier Li expressed his hope for increased cooperation between the US and China, using Tesla's operations in China as an example of successful economic collaboration.
Musk shared a photo of himself with Qiang in China, mentioning their long-standing friendship.
Musk's presence is seen as a contrast to the tough rhetoric from US officials, including Secretary of State Antony Blinken.
China aims to attract foreign investment to revitalize its economy, and Musk's visit reflects Tesla's significant manufacturing base in Shanghai.
The Chinese auto show is ongoing, with Chinese carmakers and startups presenting electric cars, some competing with Tesla and offering lower prices.
It's unclear if Musk will attend the show.
The European Union is investigating Chinese subsidies for the electric vehicle (EV) industry, which could result in tariffs on EVs made in China, including Tesla cars.
These subsidies have significantly grown the Chinese EV market, with EVs accounting for approximately 25% of new car sales last year.
In response, foreign automakers like Volkswagen and Nissan are developing new EV models to compete in China, the largest automobile market globally.