Elon Musk acclaims China, says Tesla will keep on growing investments there

Elon Musk acclaims China, says Tesla will keep on growing investments there

Elon Musk consoled Tesla’s commitment to China, saying the automaker will keep on growing its investments in the country.

Musk’s comments arrived in a pre-recorded question-and-answer style stream at the World Internet Conference, hosted by the Cyberspace Administration of China.

It’s the second time this month Musk was highly complimentary of the country that is basic to his electric vehicle organization, saying it’s a “global leader in digitalization.” Less than about fourteen days prior, Musk, during one more pre-recorded stream at the World New Energy Vehicle Congress, said Chinese automakers were the “most competitive in the world.”

“My frank observation is that China spends a lot of resources and efforts applying the latest digital technologies in different industries, including the automobile industry, making China a global leader in digitalization,” Musk said in the latest video. “Tesla will continue to expand our investment and R&D efforts in China.”

Tesla has been attempting to work on its reputation in China after a large number of negative press. The organization has confronted regulatory scrutiny around its privacy and a handful of recalls in China. Beijing had allegedly confined or restricted the use of Tesla’s electric vehicles by some state and military personnel.

Musk called out data protection in his speech, indicating what sorts of information are stored locally.

“At Tesla, we are glad to see a number of laws and regulations that have been released to strengthen data management,” Musk said.

“Tesla has set up a data center in China to localize all data generated from our business here, including production, sales, service and charging. All personally identifiable information is security stores in China without being transferred overseas. Only in very rare cases, for example, spare parts orders from overseas is data approved for transfer internationally.”

The organization broke ground on a significant Shanghai factory in 2019. Tesla sold 44,264 China-made vehicles in August, including 31,379 for export. It was an increment from the 32,968 China-made vehicles sold in July and 33,155 units sold in June.

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