Tesla Founder Elon Musk Is Visiting China as Competitors Show off New EVs at Beijing Auto Show

A brief online report from state broadcaster CCTV said that Musk had come at the invitation of the China Council for the Promotion of International Trade and met with its president, Ren Hongbin, to exchange views on further cooperation and other topics.

It wasn’t clear whether Musk would visit the auto showwhich runs through this week. Chinese automakers and startups have launched a bevy 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.

The European Union has launched an investigation into Chinese subsidies for the EV industry that could lead to tariffs on electric vehicles made in China, potentially including Tesla cars.

The green energy subsidies have helped transform the Chinese auto market, with EVs reaching about a quarter of new car sales last year, eating into demand for gasoline-powered vehicles.

Photos You Should See – April 2024

A Deori tribal woman shows the indelible ink mark on her finger after casting her vote during the first round of polling of India's national election in Jorhat, India, Friday, April 19, 2024. Nearly 970 million voters will elect 543 members for the lower house of Parliament for five years, during staggered elections that will run until June 1. (AP Photo/Anupam Nath)

Foreign automakers such as Volkswagen and Nissan are scrambling to develop new EV models to hold onto or claw back market share in China, the world’s largest automobile market.

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