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ChinaB次元官网网址檚 industry minister, TeslaB次元官网网址檚 Musk meet, discuss electric cars

Communist Party is trying to revive investor interest in ChinaB次元官网网址檚 slowing economy
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A worker walks in a Tesla showroom in Beijing, Tuesday, May 30, 2023. ChinaB次元官网网址檚 foreign minister met Tesla Ltd. CEO Elon Musk on Tuesday and said strained U.S.-Chinese relations require B次元官网网址渕utual respect,B次元官网网址 while delivering a message of reassurance that foreign companies are welcome. (AP Photo/Ng Han Guan)

ChinaB次元官网网址檚 industry minister met Tesla Ltd. CEO Elon Musk on Wednesday and the two discussed development of electric and B次元官网网址渋ntelligent networkedB次元官网网址 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 ChinaB次元官网网址檚 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 partyB次元官网网址檚 industry and economic development goals.

The industry minister, Jin Zhuanglong, and Musk B次元官网网址渆xchanged views on the development of new energy vehicles and intelligent networked vehicles,B次元官网网址 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 TeslaB次元官网网址檚 first factory outside the United States.

On Tuesday, the foreign minister, Qin Gang, told Musk that China will B次元官网网址渦nswervingly promote high-level opening upB次元官网网址 and create a B次元官网网址渕arket-oriented, law-based and internationalized business environment,B次元官网网址 according to a government statement.

B次元官网网址淐hinaB次元官网网址檚 development is an opportunity for the world,B次元官网网址 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 ChinaB次元官网网址檚 EV market B次元官网网址渉as broad prospects for development,B次元官网网址 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 B次元官网网址渙pposes decoupling,B次元官网网址 a reference to fears the world may split into multiple markets with incompatible products.

Tesla didnB次元官网网址檛 respond to requests by email for information about MuskB次元官网网址檚 visit to China.

Musk also is the majority owner of social media platform Twitter, access to which is blocked in China by the ruling partyB次元官网网址檚 internet filters.

The Associated Press





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