Any big moves? Musk will visit Tesla’s Shanghai factory in China this week

Musk to visit Tesla's Shanghai factory in China this week

【PhoneAuto News】On May 29th, PhoneAuto noticed that according to Reuters, one of the wealthiest people in the world and CEO of Tesla, Musk, will visit China this week to visit Tesla’s super factory in Shanghai. However, although Tesla is an American electric car company, it has a deep connection with China. Previously, in April 2023, Musk also visited China, less than two months ago.

Currently, China is the world’s largest electric vehicle market and Tesla’s second-largest electric vehicle market. For Tesla, the importance of China may be second only to the United States. At the same time, Tesla is also building a super car factory in Shanghai. It is reported that the Shanghai super car factory is Tesla’s highest-capacity factory, surpassing the longer-built California super factory and the previously widely watched Texas super factory.

At the 2021 World Internet Conference in Wuzhen, Musk promised that Tesla will continue to increase its investment and research and development efforts in China in the future, and hopes to contribute to the construction of a digital future of shared interests and shared responsibilities. Musk also said that China is the global leader in the digital field, and Chinese car manufacturers are the “most competitive in the world.”

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It is worth mentioning that according to data from JATO statistics in 53 markets worldwide, Tesla’s Model Y is the best-selling car in the world in the first quarter of 2023, with sales of 267,200 vehicles, leading competitors such as Toyota Corolla and RAV4 with an increase of approximately 69% compared to the same period last year. Foreign media said that Tesla Model Y’s sales performance in the three major markets of China, the United States, and Europe is very strong.

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