Elon Musk engages in talks with China’s trade council, discussing cooperation while Tesla’s Shanghai base adjusts prices amid an EU investigation into EV subsidies.
Tesla founder and CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show.
For China, Musk is a welcome antidote to the tough talk from US officials, which played out most recently during a visit by Secretary of State Antony Blinken. It wasn't clear whether Musk would visit the auto show, which runs through this week. Chinese automakers and startups have launched a bevvy of electric cars in recent years, some going head-to-head with Tesla and undercutting the American maker on price.
Tesla has a major manufacturing base in Shanghai for both domestic sales in China and exports to Europe and other regions. It cut prices in China a week ago, dropping the Model 3 to 231,900 yuan and the Model Y to 249,900 yuan , following similar reductions in the US.
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