Tesla CEO Elon Musk recently met with Chinese Premier Li Keqiang to discuss potential economic and trade cooperation between the two countries. Although the details of their conversation were not publicly disclosed, footage from China’s state broadcaster showed Premier Li praising Tesla as a successful example of Sino-American collaboration.
According to reports, Musk is currently seeking permission to transfer driving data collected by Tesla in China to the US for processing. This move would enable Tesla to improve its autopilot driverless car software by leveraging its most advanced autonomous driving technology. Currently, Chinese laws prohibit the transfer of domestic data out of the country, and full self-driving autopilot has not been enabled in China.
Obtaining approval to transfer data collected in China abroad is crucial for Tesla’s success in the region, as it is the company’s second-largest market and faces competition from Chinese rivals with their own autonomous driving software. Analyst Dan Ives from Wedbush Securities believes that this could be a game changer for Tesla.
This visit from Elon Musk to China is expected to strengthen Tesla’s presence in the Chinese electric vehicle market at a critical moment. The potential for expanding the use of full self-driving autopilot in China could significantly impact Tesla’s growth in the region.
