today:
135
yesterday:
242
Total:
1,004,293

Elon Musk Needs China.

2021.12.03 21:45 Views : 70

download (3).png

Elon Musk Needs China.  China Needs Him. 

With the U.S. tightening technology exports to China in 2018, President Xi Jinping defiantly pledged to make China the world's future innovation and industrial center. Key to his plan was Elon Musk.

 

Mr. Xi viewed the South African-born entrepreneur as a technology utopian with no political allegiance to any country, according to officials involved in policy-making, and saw his Tesla Inc. as a spearhead that could make China a power in new-energy cars.

 

Mr. Xi rewrote the rulebook to allow foreign companies sole ownership of auto ventures so Mr. Musk would open an electric-vehicle factory in Shanghai. Authorities showered him with cheap land, low-interest loans and tax incentives, expecting in return that Tesla would groom local suppliers and bolster lagging Chinese electric-vehicle players, say people with knowledge of the talks between Beijing and the company.

 

Today Tesla likely makes more than half its vehicles in China, suggest calculations based on the company's third-quarter production and delivery figures and China Passenger Car Association data. Chinese sales helped propel Tesla to its first full year of profitability in 2020 and provided roughly a fourth of Tesla's revenue in the first nine months of 2021. Mr. Musk, meanwhile, has cemented his place as the world's wealthiest person.

 

But Tesla is facing an increasingly difficult business environment in China now. It has drawn wrath from domestic rivals over what they see as preferential treatment, suffers criticism of its vehicle quality from drivers and Chinese officials, and has been caught up in the government's sweeping crackdown on big tech.

 

China is pressing foreign companies to meet an ever-more-stringent policy on data security. Tesla now must retain inside the country all digital records gathered from local customers, and it must ask authorities for approval before updating certain software on cars in China.

 

Mr. Musk's response to the pressure has been to become a high-profile cheerleader of China's ruling Communist Party, in sharp contrast to his renegade persona in the U.S., where he has clashed with the Securities and Exchange Commission and mocked President Biden in tweets, once calling him a labor union sock puppet.

No. Subject Date Views
Notice Jon Voight: Pray Donald Trump makes a ‘comeback stronger than ever’ 2022.08.12 540
Notice America's Anthem 2020.12.27 638
1296 Parler CEO John Matze, Family Forced Into Hiding Due to Death Threats, Security Breaches: Filing 2021.01.16 1166
1295 KIM PARADE PREP North Korea satellite images spark speculation plans for a massive funeral parade for Kim Jong-un are underway 2020.04.29 1143
1294 The strategy to dominate the world of the Chinese Communist Party (CCP) 2020.09.04 1089
1293 The strategy to dominate the world of the Chinese Communist Party (CCP) 2020.09.04 1089
1292 FOX NEWS HEADLINES 10/10/2020 2020.10.10 1024
1291 Cho Yang-ho, Korean Air Chairman and CEO, died in Los Angeles on Sunday. 2019.04.07 1009
1290 Supreme Court Responds to Claim That John Roberts Shouted at Other Justices Over Texas Lawsuit 2020.12.18 1007
1289 Supreme Court Responds to Claim That John Roberts Shouted at Other Justices Over Texas Lawsuit 2020.12.18 993
1288 South Korean government's worries not to admit Trump being reelected file 2020.11.28 981
1287 South Korean government's worries not to admit Trump being reelected file 2020.11.28 974
1286 Student sings Christmas carols during part-time job at grocery store 2017.12.22 956
1285 Petition to Recall Socialist Los Angeles Councilwoman Approved for Circulation 2021.07.12 954
1284 Pennsylvanian postal worker who claims US vote was rigged denied he recanted allegations 2020.11.10 935
1283 트럼프 美 대통령 국회연설 영어 전문 2017.11.08 898
1282 Irvine Police Arrest Man (38) for Touching Girl (13) inappropriately 2018.08.31 878
1281 Foods Exported From China You Should Never Eat - Beef 2020.05.18 875
1280 [전문] 북미정상회담 공동합의문 2018.06.11 865
1279 South Korea's presidential election is just an act of ceremonial. 2021.10.24 858
1278 Cho Yang-ho, Korean Air Chairman and CEO, died in Los Angeles on Sunday. 2019.04.07 853
1277 Kim Jong Nam met American before his murder: police witness 2018.01.29 842
1276 Citizen Website Calls for Fair Election 2020.12.05 839
1275 한국은 참 이상한 나라. file 2020.07.13 839
1274 한국은 참 이상한 나라. file 2020.07.13 838
1273 Irvine City Council Doubles Reward for Information on Hate Crime 2018.11.14 836
1272 Christina Ignatius 2018.09.01 835
1271 Christina Ignatius 2018.09.01 832
1270 CNN accused of 'literally publishing Chinese propaganda' file 2020.04.17 823
1269 Pennsylvanian postal worker who claims US vote was rigged denied he recanted allegations 2020.11.10 822
1268 Trump vs Biden: who will win in the battle of 2020? file 2020.10.13 797
1267 Trump vs Biden: who will win in the battle of 2020? file 2020.10.13 795