Elon Musk Visits China, Lucid Motors to Sell $3 Billion in Stock, and Fiat Unveils Adorable Little Electric Vehicle

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Rebecca Bellan here, and yes, I’m still steering the ship.

The biggest news this week was Elon Musk’s trip to China, which could help strengthen Tesla’s ties to the world’s biggest auto market. It’s Elon Musk’s first trip to China since the COVID-19 pandemic, and his commitment to the country comes as no surprise given how much auto sales in China help the automaker’s sales around the world. In the first quarter, more than half of Tesla’s exports went to China.

Although Twitter is not allowed in China, Elon Musk has become something of a hero there, says Rita. The CEO has more than 2 million followers on Weibo, where Elon Musk talks about how much he likes China, why he doesn’t like cutting supply lines and how he wants to grow his business in China.

โ€œThe Chinese space program is far more advanced than most people realize,โ€ Elon Musk wrote on Weibo.

His ability to speak well has earned him the nickname “Iron Man.”

The pieces of Elon Musk’s trip to China are still coming together, and we’ll keep you posted, but here’s what we know so far. Elon Musk began his journey by having dinner with Zeng Yuqun, president of CATL, one of the largest companies that manufactures batteries. There has been talk lately that CATL and Tesla have partnered to make cheaper batteries in the US, but nothing is definitive yet.

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Elon Musk also went to the Shanghai Gigafactory, where he met the people who work on Tesla’s famous Model 3 and Model Y.

We’re keeping an eye out for more news on what Elon Musk is up to in China. And with that, on to the rest!

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Categories: Technology
Source: vtt.edu.vn

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