By Christian George
Tesla’s CEO, Elon Musk, is set to visit China in order to woo more foreign investment to help shore up an economy battered by three years of COVID curbs.
It would be recalled that the World Richest Man visited the Asian country in the year 2020 to launch his internet business.
China is Tesla’s second-largest market after the United States and its Shanghai plant is the electric carmaker’s largest production hub.
The reason why Musk is to meet with China’s Premier Li Qiang is yet unknown.
In a report by Arise TV, Li and Musk have met before, at the 2019 opening of the Shanghai plant.
In 2020, they participated in an online meeting where Musk thanked the then-Shanghai party secretary for supporting the plant’s operations during the pandemic’s outbreak.
Musk’s Tesla cars have also been barred from Chinese military complexes and political meeting venues amid concerns over cameras installed on the vehicles, and the company is still waiting for Beijing’s approval to offer its full self-driving technology in China.
Aside having his plant in Shanghai, China is also one of the largest, non-U.S. revenue streams for Twitter, which Musk took over last year for $44 billion.
