During a meeting between Tesla CEO Elon Musk and Chinese Premier Li Keqiang, the details of their discussion were not publicly disclosed. However, footage from China’s state broadcaster showed Premier Li praising Tesla as a successful example of Sino-American economic and trade cooperation.
Tesla is currently seeking permission to transfer driving data collected by its vehicles in China to the US for processing. This move would allow the company to improve its autopilot driverless car software by leveraging its most advanced autonomous driving technology. Chinese laws prohibit the transfer of domestic data out of the country, and full self-driving autopilot has not been enabled in China yet.
Analyst Dan Ives from Wedbush Securities believes that obtaining approval to transfer data collected in China abroad would be a game changer for Tesla. This would enable Tesla to compete with Chinese rivals who have their own autonomous driving software and expand its presence in the Chinese electric vehicle market at a critical moment.
Overall, this visit from Elon Musk to China is expected to strengthen Tesla’s presence in the Chinese electric vehicle market at a critical moment. The potential for expanding the use of full self-driving autopilot in China could significantly impact Tesla’s growth in the region.
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