BEIJING: Tech billionaire and Tesla CEO Elon Musk on Sunday (Apr 28) met with China’s number two official, Premier Li Qiang, who promised the country would “always” be open to foreign firms.
Musk – one of the world’s richest people – arrived in China earlier the same day on his second trip in less than a year to the world’s biggest market for electric vehicles.
Chinese state broadcaster CCTV said that during their meeting, Li had promised the country would do more to help foreign firms.
“China’s very large-scale market will always be open to foreign-funded firms,” Li was quoted as saying.
“China will stick to its word and will continue working hard to expand market access and strengthen service guarantees.”
Beijing would also provide foreign companies with “a better business environment” so “that firms from all over the world can have peace of mind while investing in China”, Li added.
Musk later said on X, which he also owns, that he was honoured to meet with Li, adding the pair “have known each other now for many years”.
Musk has extensive business interests in China and his most recent visit was in June last year. Tesla has not shared his itinerary for the current trip.
CCTV quoted him as praising the “hardworking and intelligent Chinese team” at his Tesla Gigafactory in Shanghai during his meeting with Li.
“Tesla is willing to take the next step in deepening cooperation with China to achieve more win-win results,” Musk reportedly added.
Earlier in the day, the billionaire met with the head of the China Council for the Promotion of International Trade, Ren Hongbin, “to discuss next steps in cooperation and other topics”, CCTV said.
The mercurial magnate is a controversial figure in the West, but in China, Tesla’s electric vehicles have become a staple of middle-class urban life.
“THE FUTURE”
Having once derided Chinese EVs, Musk described their manufacturers this year as being “the most competitive car companies in the world”.
“It’s good to see electric vehicles making progress in China,” he was quoted as saying by a state-backed media outlet on Sunday.
“All cars will be electric in the future.”
Musk’s own company has run into trouble in the world’s second-largest economy: In January, Tesla recalled more than 1.6 million electric vehicles in China to fix their steering software.
His arrival in China coincides with a cut-throat price war between firms desperate to get ahead in the fiercely competitive EV market.
