today:
100
yesterday:
177
Total:
1,001,017

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’ 2022.08.12 529
Notice America's Anthem 2020.12.27 637
1296 Chinese Technology in Voting Machines Seen as Emerging Threat 2022.02.18 2067
1295 Traditional Chinese Brush Painting Flourishes at John Wayne Airport 2022.02.17 22
1294 $599,850 2 Beds · 2 Baths · 1,110 Sq. Ft. 6600 Warner Ave #63, Huntington Beach, CA 92647 2022.02.17 62
1293 미국에서 아시안들 평가 순위 2022.02.09 129
1292 Officials in Washington are losing patience with China 2022.02.08 51
1291 More Good News on Ivermectin file 2022.02.05 56
1290 Learning Chinese 2022.02.04 46
1289 Sacramento Update - 02/04/2022 file 2022.02.04 27
1288 Cancellation Notice: Policies, Procedures and Standards Committee 2022.02.04 77
1287 Jury hears opening statements in Sarah Palin's case against The New York Times file 2022.02.03 31
1286 Coronavirus: A Guide for REALTORS® file 2022.02.03 65
1285 on the one-year anniversary of several executive orders 2022.02.03 35
1284 Skate fish file 2022.01.27 68
1283 the approval rate for candidate Yoon was 44.7.% file 2022.01.26 66
1282 Tesla Cybertruck - end of the first quarter of 2023 file 2022.01.13 52
1281 Trump said that the crowd for his speech on Jan. 6 was so big file 2022.01.08 72
1280 I hate communism 2022.01.08 1911
1279 Elon Musk ‘Thinking of Quitting’ His Jobs file 2021.12.11 62
1278 Pennsylvania Supreme Court Ends School Mask Mandate 2021.12.11 64
1277 Will Julian Assange come to US? file 2021.12.10 66
1276 A federal court blocked President Joe Biden’s COVID-19 vaccine mandate for federal contractors. 2021.12.09 57
1275 Giga Berlin May Not Start Production In 2021 Due To Delayed Hearing file 2021.12.08 57
1274 Elon Musk Comes Out Against Biden's Infrastructure Bill file 2021.12.06 60
1273 Avenatti May Subpoena Stormy Daniels Mental Health Records, US Judge Rules file 2021.12.06 53
1272 The good news for Tesla file 2021.12.06 57
1271 Earnings of this week file 2021.12.05 66
1270 6th Circuit Court Rules Against Biden Administration in OSHA Vaccine Mandate Lawsuit file 2021.12.04 102
1269 Human Resources Business Partner file 2021.12.03 49
1268 Summary of New Real Estate Laws file 2021.12.03 48
» Elon Musk Needs China. file 2021.12.03 70