Tesla Inc (NASDAQ: TSLA) Will Stay Committed to China, Reassures Elon Musk at the Virtual World Internet Conference Hosted by Cyberspace Administration of China

Tesla Inc (NASDAQ: TSLA) will stay committed to China, reassured its co-founder Elon Musk. He was delivering his virtual address at the World Internet Conference hosted by the Cyberspace Administration of China.

Musk highly complementary of China 

According to reports, this is the second time in days that Musk is highly complementary of China. He called China a world leader in digitalization. At the World New Energy Vehicle Congress hosted a couple of weeks ago, Musk stated that Chinese automakers were the most competitive in the world. He said that according to him, China spends a lot of resources and efforts in implementing the latest digital technology in different sectors, including in the automobile industry. Thus, he shared the opinion that the nation is the world leader in digitalization.

Tesla Inc has established a data center in China

Tesla Inc has set up a data center in China, and data is generated due to doing business in the nation. The data hub will capture and store data related to production, sales, service, and charging. Personal information will be stored safely and securely in China and will not be transferred beyond the country’s border. Under exceptional circumstances like for receiving a consignment of spare parts from overseas, approval for the international transfer of data will be sanctioned.

Tesla Inc sold 44,264 China-made vehicles in August 2021

The auto giant is doing well in China. Tesla Inc sold 44,264 China-made vehicles in August 2021. Of them, as many as 31,379 cars were exported from the nation. In addition, August saw an increase in the number of vehicles sold in China by Tesla Inc. In July 2021 the group sold 32,968 Made in China vehicles, and during the previous month, in June 2021 as many as 33,155 units were sold. The sales numbers achieved in the country could be one of the reasons why Musk has assured that the group will continue to expand its investments in the nation.

Tesla Inc working on enhancing its image in China

Against the backdrop of a series of negative press coverage, Tesla Inc is improving its image in China. However, the group has faced backslash as Beijing had reportedly banned or prohibited its government officials and military personnel from using vehicles manufactured by Tesla Inc.

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Published by Chris Brown

About Me: I have a Phd in Economics Gender: Male Interests: Playing games like cricket, volleyball Favorite Music: hip hop, rock, jazz

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