Elon Musk praises China, says Tesla will invest more there

Elon Musk

Tesla CEO Elon Musk reassured Chinese investors of Tesla’s commitment to the nation, stating the automaker will keep increasing its investments there.

As part of the World Internet Conference, which the Cyberspace Administration of China held, Elon Musk gave a pre-recorded question-and-answer session. Musk praised the country as critical to his electric vehicle company as he did the last month, calling it a “world leader in digitization.” At the World New Energy Vehicle Congress less than two weeks prior, Musk said that Chinese automakers were the “most competitive worldwide.”

My frank observation is that China spends a lot of resources and efforts applying the latest digital technologies in different industries, including the automobile industry, making China a global leader in digitalization,” Musk said in the latest video. “Tesla will continue to expand our investment and R&D efforts in China.”

Tesla has been working to repair its image in China following a barrage of bad headlines. The corporation has had to deal with regulatory scrutiny over privacy in China and a few products recalls. The usage of Tesla’s electric vehicles by select government and military employees had been restricted or banned in China.

In his speech, Musk addressed the issue of data protection by outlining the categories of data that are stored locally.

At Tesla, we are glad to see a number of laws and regulations that have been released to strengthen data management,” Musk said.

“Tesla has set up a data center in China to localize all data generated from our business here, including production, sales, service and charging. All personally identifiable information is security stores in China without being transferred overseas. Only in very rare cases, for example, spare parts orders from overseas is data approved for transfer internationally.”

The company broke ground on a significant Shanghai factory in 2019. Tesla sold 44,264 China-made vehicles in August, including 31,379 for export. It was an increase from the 32,968 China-made cars sold in July and 33,155 units sold in June.

Total
1
Shares
Leave a Reply

Your email address will not be published.

Total
1
Share