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Tesla will increase investment and R&D in China

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Tesla CEO Musk plans to visit China in April, seeking a meeting with Premier Li Qiang, Reuters reported. According to two people familiar with the matter, Musk has already begun preparations for the visit.

China is Tesla’s second-largest market after the United States, and the Shanghai plant is the electric car maker’s largest production site, making it Musk’s first visit to the country since the outbreak of the new crown outbreak.

Musk’s commitment to China has been strong, having pledged at the Wuzhen Summit of the World Internet Conference 2021 that Tesla will continue to increase its investment and research and development in China in the future and that he wants to contribute to building a digital future with shared benefits and responsibilities. Musk has also said that China is a global leader in digitalization and that Chinese automakers are “the most competitive in the world”.

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