Tesla CEO Elon Musk met with China’s Foreign Minister Qin Gang in Beijing to discuss expanding the company’s business there amid the country’s rapid expansion of electric vehicle exports, according to multiple reports.
Qin touted a “Chinese-style modernization” of the automotive industry driven by the nation’s large population and commitment to “common prosperity” in a statement following the meeting, and Musk reportedly expressed interest in continued expansion of Tesla’s operations in China, according to CNBC. China became the world’s largest auto exporter in the first quarter of 2023, surpassing Japan after exports surged 58% from last year to 1.07 million vehicles, in part due to a surge of electric vehicle (EV) exports — including Teslas manufactured at the company’s Shanghai factory — to Europe, The Wall Street Journal reported.
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