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Elon Musk meets China’s foreign minister as Tesla boss touts expansion in the country

30 May 2023 16:30 (UTC +04:00)

Elon Musk met with China’s Foreign Minister Qin Gang on Tuesday as Beijing pushed to show it is open to foreign business and the Tesla
CEO reportedly signaled further expansion in China, APA reports citing CNBC.

Qin, who was until recently China’s ambassador to the U.S., said “Chinese-style modernization,” characterized by a huge population and “common prosperity” will create “unprecedented growth potential and market demand,” according to a statement from the Chinese foreign ministry.

He added that China’s electric vehicle market “has broad prospects for development” and that China will continue to open up and create a better market-oriented and law-based business environment for foreign firms like Tesla.

According to the Chinese foreign ministry statement, Musk praised Chinese the Chinese people and China’s achievements. Tesla opposes “decoupling” and is willing to continue to expand its business in China, the statement said.