Tesla founder Musk visits China as competitors show off new electric vehicles at Beijing auto show

Chinese Premier Li Qiang told Musk Sunday that he hopes the U.S. will work more with China on “win-win” cooperationmet with a top government leader in the Chinese capital Sunday, just as the nation's carmakers are showing off their

Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla's operations in China as a successful example of economic cooperation, China's state broadcaster CCTV said on its main evening news program.by Secretary of State Antony Blinken. Li's remarks also reflect China's efforts to attract foreign investment to boost its flagging economy., which runs through this week.

Tesla has a major manufacturing base in Shanghai for both domestic sales in China and exports to Europe and other regions. It cut prices in China a week ago, dropping the Model 3 to 231,900 yuan and the Model Y to 249,900 yuan , followinginto Chinese subsidies for the EV industry that could lead to tariffs on electric vehicles made in China, potentially including Tesla cars.

Source: Car News Wire (carnewswire.net)

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