Tesla’s China-made EV sales rebounded in May
Musk wrapped up a two-day trip on Thursday that included talks with Chinese Vice Premier Ding Xuexiang on Wednesday in Beijing, a source told Reuters.
The latest trip, Musk’s first in three years after Beijing reopened its borders, came as Tesla faces intensifying competition from Chinese-made EV makers and uncertainty about expanding the Shanghai plant, its largest production hub.
He also met with foreign, commerce and industry ministers, and dined with Zeng Yuqun, chairman of battery supplier Contemporary Amperex Technology Co.
Musk visited Tesla’s Shanghai factory late on Wednesday and met Chen Jining, the ruling party’s Shanghai secretary, on Thursday. Chen welcomed Tesla to increase investment and expand business in the city, according to a statement from the municipal government.
In an action described as a product recall, Tesla is distributing over-the-air software updates for more than 1.1 million vehicles for a braking issue from May 29, China’s market regulator said mid-May.
Since May, Tesla has raised prices in countries including China, after earlier price cuts triggered a price war, with many international and local brands following suit.
