Tesla clears key Chinese regulatory hurdles during Musk visit

NEWS WIRES

29 April 2024 at 3:35 am·1-min read

Tesla received a key security clearance from China during Elon Musk's whistlestop visit to the world's biggest electric car market, which wrapped up on Monday.

The tech billionaire arrived on Sunday for his second trip to China in less than a year, meeting top officials including Premier Li Qiang as he worked to boost his electric car company's fortunes in the face of intense competition from local challengers such as BYD.

On the same day, Tesla's locally produced models were listed among the EVs that meet China's data security requirements for smart cars, clearing a key regulatory hurdle.

Musk boarded his private jet at Beijing Capital Airport just before 1:00 pm (0500 GMT), and a Chinese flight tracking app said it was bound for Anchorage, Alaska.

Despite the growing market share of domestic automakers, Teslas remain among the best-selling EVs in China.

The firm has been working to boost sales through its "Full Self Driving" (FSD) features, which need to be compliant with strict data and privacy laws.

It appeared to inch closer to that approval by teaming up with Chinese tech titan Baidu for maps and navigation, Bloomberg reported Monday.

These advanced assisted driving features do not make its cars fully autonomous, and Tesla says its autopilot and FSD capabilities are meant to be used under driver supervision.

It sells FSD to Tesla owners for $8,000 in the United States, or for a $99 monthly subscription.

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