U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday.
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 Ltd Musk visited Tesla's Shanghai factory late on Wednesday and met with 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., Tesla is distributing over-the-air software updates for more than 1.
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.Our Standards:Brenda Goh is Reuters’ Shanghai bureau chief and oversees coverage of corporates in China. Brenda joined Reuters as a trainee in London in 2010 and has reported stories from over a dozen countries.
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