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China含羞草研究社檚 industry minister, Tesla含羞草研究社檚 Musk meet, discuss electric cars

Communist Party is trying to revive investor interest in China含羞草研究社檚 slowing economy
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A worker walks in a Tesla showroom in Beijing, Tuesday, May 30, 2023. China含羞草研究社檚 foreign minister met Tesla Ltd. CEO Elon Musk on Tuesday and said strained U.S.-Chinese relations require 含羞草研究社渕utual respect,含羞草研究社 while delivering a message of reassurance that foreign companies are welcome. (AP Photo/Ng Han Guan)

China含羞草研究社檚 industry minister met Tesla Ltd. CEO Elon Musk on Wednesday and the two discussed development of electric and 含羞草研究社渋ntelligent networked含羞草研究社 vehicles, the ministry said.

Musk joined a series of CEOs from global companies including Apple Inc. who have met with Cabinet officials or , the top economic official, during visits to China this year following the lifting of anti-virus controls that blocked most travel into the country.

The ruling Communist Party is trying to revive investor interest in China含羞草研究社檚 slowing economy and reassure companies that have been rattled by anti-monopoly and data-security crackdowns, raids on consulting firms, U.S.-Chinese political tension and pressure to align their plans with the ruling party含羞草研究社檚 industry and economic development goals.

The industry minister, Jin Zhuanglong, and Musk 含羞草研究社渆xchanged views on the development of new energy vehicles and intelligent networked vehicles,含羞草研究社 the Ministry of Industry and Information Technology said on its website. Its one-sentence statement gave no details.

China accounts for half of global electric vehicle sales and is the site of Tesla含羞草研究社檚 first factory outside the United States.

On Tuesday, the foreign minister, Qin Gang, told Musk that China will 含羞草研究社渦nswervingly promote high-level opening up含羞草研究社 and create a 含羞草研究社渕arket-oriented, law-based and internationalized business environment,含羞草研究社 according to a government statement.

含羞草研究社淐hina含羞草研究社檚 development is an opportunity for the world,含羞草研究社 the statement said.

Li, the premier, delivered a similar message of reassurance in meetings in March with CEOs Tim Cook of Apple, Albert Bourla of Pfizer, Jakob Stausholm of Rio Tinto and Toshiaki Higashihara of Hitachi.

Qin told Musk that China含羞草研究社檚 EV market 含羞草研究社渉as broad prospects for development,含羞草研究社 according to the ministry statement.

Tesla opened the first wholly foreign-owned auto factory in China in 2019 after Beijing eased ownership restrictions to increase competition and speed up industry development.

The Chinese statement cited Musk as saying Tesla was willing to expand its business in China and 含羞草研究社渙pposes decoupling,含羞草研究社 a reference to fears the world may split into multiple markets with incompatible products.

Tesla didn含羞草研究社檛 respond to requests by email for information about Musk含羞草研究社檚 visit to China.

Musk also is the majority owner of social media platform Twitter, access to which is blocked in China by the ruling party含羞草研究社檚 internet filters.

The Associated Press





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