Elon Musk, the eccentric American entrepreneur, has become China’s favourite non-Chinese citizen. Recently, he visited the country for the first time since 2020 and immediately met with Foreign Minister Qin Gang. Foreign capitalists have doubts about China’s investability, but Musk’s presence has paid dividends.

His choice to build the world's largest Tesla factory in Shanghai, back in 2019, was a fundamental strategic move for the country's electric-vehicle (EV) supply chain. The enormous factory is capable of producing over 750,000 EVs annually - more than 10% of the country's total new energy-vehicle sales in 2022.

Elon Musk, the eccentric American entrepreneur, has become China’s favourite non-Chinese citizen. Recently, he visited the country for the first time since 2020 and immediately met with Foreign Minister Qin Gang. Foreign capitalists have doubts about China’s investability, but Musk’s presence has paid dividends.
His choice to build the world's largest Tesla factory in Shanghai, back in 2019, was a fundamental strategic move for the country's electric-vehicle (EV) supply chain. The enormous factory is capable of producing over 750,000 EVs annually - more than 10% of the country's total new energy-vehicle sales in 2022.

Subscribe to Our Show for Real News, All Day Every Day

Subscribe to Our Show for Real News, All Day Every Day

Real News Now Podcast

Real News Now Podcast is a Podcast bringing you the Real News All Day Every Day!

<a href="https://realnewsnow.com/">Real News Now</a> Podcast is a Podcast bringing you the Real News All Day Every Day!

Advertisement