Elon Musk’s visit underscores China's importance to global EV market, analysts say

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Elon Musk's visit to Beijing is spotlighting China's place in the global electric vehicle markets.

Xiaolu Chu | Getty Images News | Getty Images, Elon Musk's visit to Beijing is putting the spotlight on China's place in the global electric vehicle market.

The Tesla CEO's visit to China is a "very important one" for him, said Anthony Sassine, senior investment strategist at investment manager Kraneshares. China accounts for 50% of Tesla's vehicle sales and 20% of its production capacity, and this visit would "set the story straight, to make sure he was on the same page as the [Chinese Communist Party]," Sassine told CNBC's "During Tesla's earnings call in April, Musk identified U.S.-China tensions as a risk to the company's projections for 2023.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk meets Chinese FM, discusses business expansion in ChinaChina is the world's biggest electric vehicle market, and Tesla announced in April it would build a second massive factory in Shanghai.
Source: trtworld - 🏆 101. / 63 Read more »