Tesla’s improvement in China acquired assist from Chinese language President Xi Jinping throughout his go to to San Francisco, the place he met with firm CEO Elon Musk and “different vital representatives.”
President Xi was in San Francisco earlier this week and met with quite a lot of tech figures, together with President Joe Biden.
In accordance with a submit from Tesla China on its social media within the nation, Musk was invited to attend a banquet that welcomed President Xi to the Bay Space. As the 2 met, Xi expressed assist for the automaker’s improvement in China.
Tesla has been one of many prime EV makers in China, together with BYD, SAIC-GM-Wuling, Geely, and others.
In 2019, Tesla began constructing vehicles at its plant in Shanghai, and it has been the largest contributor to the automaker’s annual gross sales. As Gigafactory Texas ramps up, we count on it’s going to overtake Shanghai finally.
Nonetheless, Tesla Gigafactory Shanghai has been an enormous benefit for the automaker because it has been in a position to set up a powerful market share within the EV race in Asia and Europe because of its strong manufacturing numbers.
Gigafactory Shanghai has helped Tesla acquire a serious function in EV adoption in Asia and Europe, and with manufacturing amenities within the U.S. serving to with the North American market, the automaker has a well-rounded footprint of factories.
The social media submit from Tesla China reads:
“On the night of November 15, Tesla CEO Musk was invited to attend a banquet to welcome President Xi Jinping held in San Francisco. President Xi met with Musk and different vital representatives at a small reception earlier than the assembly and expressed assist for Tesla’s improvement in China. Musk expressed his gratitude and appreciated the speedy improvement of China’s new power car business. This 12 months marks Tesla’s tenth 12 months of getting into the Chinese language market. The Tesla Shanghai Gigafactory, which was accomplished and put into manufacturing in 2019, has develop into Tesla’s vital international manufacturing base and export heart.
We’re honored to take part within the speedy improvement of China’s new power car business, and sincerely thank all our mates for his or her concern, encouragement and assist. We are going to proceed to work exhausting in China and sit up for creating along with the business in new power autos, power storage, synthetic intelligence and different fields.”
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