The leader of a U.S. congressional committee on China said on Monday he was concerned about electric carmaker Tesla Inc's dependency on China, a day after the company revealed plans to open a Megapack battery factory in Shanghai.
Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle maker in Beijing, China February 4, 2023. REUTERS/Florence LoWASHINGTON, April 10 - The leader of a U.S. congressional committee on China said on Monday he was concerned about electric carmaker Tesla Inc's
dependency on China, a day after the company revealed plans to open a Megapack battery factory in Shanghai.in a tweet on Sunday, and Chinese state media said it would initially produce 10,000 Megapack units a year, equal to around 40 gigawatt hours of energy storage, and complement a huge existing Shanghai plant making electric vehicles.
Mike Gallagher, the Republican chair of the House of Representatives' select committee on China's Communist Party, said he would like to know how Tesla's CEO Elon Musk balances U.S. government support for Tesla and its operations in China."Tesla seems entirely dependent, A, on the largesse of the federal government via tax breaks, and B, upon access to the Chinese market," Gallagher said.
"The sort of deals they've struck there seem very concerning. I'd just be curious to know how Elon Musk balances both of those," he said, adding that Musk's space flight venture SpaceX was by contrast a "massive success story."Musk responded to criticism on Twitter on Sunday, saying in a tweet that "Tesla is increasing production rapidly in Texas, California & Nevada.
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