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Elon Musk praises China once again with Tesla set to invest more

Elon Musk praises China once again with Tesla set to invest more

Tesla CEO Elon Musk has once again used words of praise for China. This is the second time in 10 days when Musk has been effusive in his praise for the country, according to a report by CNBC. Speaking in a recorded message at the World Internet Conference, hosted by the Cyberspace Administration of China, Musk said that Tesla will continue to expand its investment in China. “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 digitalisation,” said Musk.

It hasn’t been easy for Musk and Tesla in China despite setting up a factory in Shanghai in 2019. Tesla was under scrutiny in China after a few cars were recalled and because of privacy issues as well. Musk in his message said that Tesla has set up a data centre in China to localize all data “generated from our business here, including production, sales, service and charging.” He also added, “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.”

Earlier this month, speaking at another virtual conference Musk was really complimentary about China. “I have a great deal of respect for the many Chinese automakers for driving these (EV) technologies,” Musk said. Musk also said that Chinese carmakers are some of the best at software, which he said will “shape the future of the automobile industry.”

This isn’t the first time Musk’s charm offensive at China has been at play. In the last two years — since Tesla set up in China — he has compared the US to China and explained why the Chinese were more successful at technology. He also once said, “China rocks” in terms of doing business.

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