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Tesla Will Continue Investing In China, Says Elon Musk While Praising The Country


09/27/2021


Tesla Will Continue Investing In China, Says Elon Musk While Praising The Country
While stating that his company – United States based Tesla will continue to invest in its business in China, company CEO Elon Musk essentially reaffirmed Tesla's commitment to the country.
 
Musk made his remarks at a pre-recorded question-and-answer session at the World Internet Conference, which was hosted by China's Cyberspace Administration.
 
It's the second time this month Musk has praised the country that's crucial to his electric car firm, calling it a "world leader in digitalization." Musk claimed less than two weeks ago during another pre-recorded webcast at the World New Energy Vehicle Congress that Chinese automakers were the "most competitive in the world."
 
“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 hard to repair its image in China following a barrage of bad news. The firm has received governmental scrutiny over its privacy practices, as well as a number of recalls in China. According to reports, Beijing has limited or prohibited the usage of Tesla's electric vehicles by select governmental and military employees.
 
In his address, Musk emphasized data security, outlining what sorts of data are maintained 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.”
 
In 2019, the firm broke construction on a large Shanghai plant. In August, Tesla sold 44,264 China-made automobiles, 31,379 of which were exported. It was an increase from the 32,968 automobiles sold in July and the 33,155 units sold in June.
 
(Source:www.cnbctv18.com)