Tesla founder Musk visits China as rivals showcase new electric vehicles at Beijing Auto Show

BEIJING (AP) — Tesla Founder and CEO Elon Musk A top government official met Sunday in the Chinese capital as the country's carmakers put on their show Latest electric vehicle models At the Beijing Auto Show.

Chinese Premier Li Keqiang told Musk that he hoped the United States would further work on “win-win” cooperation with China, citing Tesla's operations in China as a successful example of economic cooperation.

For China, Musk is a welcome antidote to the tough talk from U.S. officials that has emerged more recently During a visit By Secretary of State Anthony Blinken. Li's comments also reflect efforts to attract foreign investment to boost China's ailing economy.

It's unclear if Musk will attend Auto show, will run throughout this week. Chinese automakers and startups have introduced electric cars in recent years Go head to head US maker cuts prices with Tesla

An earlier CCTV online report said Musk met with its chairman Ren Hongbin at the invitation of the China Council for the Promotion of International Trade and exchanged views on further cooperation and other topics.

Tesla has a major manufacturing base in Shanghai for both domestic sales in China and exports to Europe and other regions. It cut prices in China a week ago, dropping the Model 3 to 231,900 yuan ($32,700) and the Model Y to 249,900 yuan ($35,200). Similar reductions In America

The European Union has Initiated investigation Chinese subsidies to the EV industry could lead to tariffs on Chinese-made electric vehicles, including Tesla cars.

Green energy subsidies have helped transform China's auto market, with EVs accounting for a quarter of new car sales last year, eating into demand for gasoline-powered vehicles.

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Foreign auto manufacturers like Volkswagen and Nissan They are scrambling to develop new EV models to maintain or claw back market share in China, the world's largest automobile market.

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