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☆ Elon Musk wins official praise for Tesla during surprise visit to China
▼ + stars: | 2024-04-29 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Autopilot is available in China, but not the full FSD feature, which needs to comply with the country’s data security rules. “The economies of China and the United States are deeply integrated,” he said, according to an official readout of the meeting with the Tesla CEO. “Tesla is willing to further deepen cooperation with China and achieve more win-win results,” Musk told Li. Musk first met Li in 2018, when Tesla signed a deal with the Shanghai government to open a plant there. Since then, Musk has met with Li publicly at least five times, according to state media reports and government statements.

Persons: Hong Kong CNN — Elon Musk, Premier Li Qiang, Tesla, Musk, ”, Dan Ives, that’s, Ives, Antony Blinken, Xi Jinping, Li, China’s BYD, “, ” Musk, Tesla’s, Ren Hongbin, Li Qiang Organizations: Hong Kong CNN, Premier, China Association of Auto Manufacturers, Baidu, Bloomberg, CNN, Beijing Auto, EV, Wedbush Securities, China Council, Promotion of International Trade Locations: China, Hong Kong, Beijing, United States, Shanghai, Weibo

☆ Shanghai, Beijing capital controls relaxed as China entices badly needed foreign investment
▼ + stars: | 2023-09-22 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Shanghai’s free trade zone is one of China’s largest and is slightly bigger than the city of Seattle. The policies are aimed at attracting foreign investment to build an open economy, the government said. Thursday’s measures are the latest effort by Chinese leader Xi Jinping’s government to woo foreign capital and stabilize ties with the West. China has made a series of moves recently to stabilize foreign trade and investment, including cutting a tax on stock trading for the first time since 2008. The latest relaxation in capital controls is part of a policy package announced by Beijing and Shanghai, the country’s two biggest cities, to facilitate foreign trade and investment.

Persons: Tesla’s Gigafactory, Stringer, Xi Jinping’s, JP Morgan, Tesla Organizations: Hong Kong CNN, HP, AstraZeneca, Getty, State Administration of Foreign Exchange, American Chamber of Commerce, People’s Bank of, HSBC Locations: China, Hong Kong, Shanghai, Beijing, Seattle, BlackRock, AFP, People’s Bank of China, Macao, Taiwan

“Listen up, Taiwan is not part of the PRC [and] certainly not for sale!” Taiwan Foreign Minister Joseph Wu said in a Wednesday statement on X, formerly known as Twitter, referring to the country by its official name, the People’s Republic of China. Joseph Wu is Taiwan's foreign minister. China tiesMusk’s comments were made in response to a question about the challenges faced by American businesses in China. In recent years, some Chinese government ministries have banned the company’s vehicles from entering their premises over purported security fears. In Taiwan, Tesla has a sales and charging network.

Persons: Elon Musk, ”, “, Joseph Wu, Sam Yeh, Wu, Musk, ” Musk, Tesla’s, ” Tesla, BYD, Tesla Organizations: Hong Kong CNN — Taiwan’s Ministry of Foreign Affairs, US Pacific Fleet, Communist, Taiwan, Getty, CCP, Chinese Communist Party, Musk Locations: Hong Kong, China, Summit, Los Angeles, United States, Taiwan, Hawaii, Beijing, PRC, People’s Republic of China, AFP, Shanghai

☆ Factbox: Tesla's Shanghai plant, targeted by worker protest, is key hub for EV maker
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

Here are key facts about Tesla's operation in Shanghai:BACKGROUNDTesla’s Shanghai plant, which began operations in late 2019, is the automaker’s largest manufacturing hub. The plant employs some 20,000 workers and accounted for more than half of Tesla’s global output in 2022. Some Tesla workers were told their performance bonuses were being cut because of the accident and took to social media to protest. KEY EXECUTIVETesla promoted its China chief Tom Zhu to take oversight of its global production and sales earlier this year. Under Zhu, the Tesla Shanghai plant managed a quick rebound from lost production last year due to COVID lockdowns in China.

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