Musk to Visit China... Expected to Inspect Shanghai Factory

[Image source=Yonhap News]

Elon Musk, CEO of Tesla, is expected to visit China this weekend.

Bloomberg reported on the 8th (local time) that Musk will visit China to inspect Tesla's Shanghai factory.

Bloomberg cited sources saying that Tom Zhu (Zhu Xiaotong), Tesla's Senior Vice President, will accompany Musk on this China trip.

Vice President Tom Zhu is responsible for the construction and management of the Shanghai factory and has achieved rapid promotion by completing the factory within a year.

Musk's visit to China is attracting attention as it takes place amid heightened US-China tensions due to issues such as China's reconnaissance balloon and the China-Russia summit.

Earlier, there were reports that Musk was seeking a meeting with Li Qiang, the newly appointed Chinese Premier, during his visit.

China is Tesla's largest overseas sales market, accounting for 22.3% of Tesla's revenue last year. This is the second largest share after the United States.

Tesla's Shanghai factory produces the Model 3 and Model Y. Last year, it manufactured 710,000 electric vehicles, accounting for 52% of Tesla's total production.

Musk last visited China in early January 2020 and has since only participated in Chinese events via video conference.

This content was produced with the assistance of AI translation services.