{"id":111356,"date":"2024-04-29T01:59:49","date_gmt":"2024-04-29T05:59:49","guid":{"rendered":"https:\/\/africatodaynewsnewyork.com\/?p=111356"},"modified":"2024-04-29T01:59:49","modified_gmt":"2024-04-29T05:59:49","slug":"elon-musk-holds-meeting-with-chinas-no-2-official-in-beijing","status":"publish","type":"post","link":"https:\/\/africatodaynewsnewyork.com\/2024\/04\/29\/elon-musk-holds-meeting-with-chinas-no-2-official-in-beijing\/","title":{"rendered":"Elon Musk Holds Meeting With China\u2019s No 2 Official In Beijing"},"content":{"rendered":"<p><strong>The CEO of Tesla and serial entrepreneur, <a href=\"https:\/\/africadailynews.net\/2022\/10\/28\/trump-adamant-to-return-to-twitter-amid-musk-takeover.html\">Elon Musk<\/a> has raised eyebrows after he held a meeting with China\u2019s No 2 official on an unannounced visit to Beijing.<\/strong><\/p>\n<p>Musk\u2019s meeting with Chinese Premier Li Qiang is coming at a time carmakers in China are promoting their latest electric vehicles at the Beijing Motor Show taking place from April 25 to May 5.<\/p>\n<p>Africa Today News, New York gathered during their meeting on Sunday, Li told Musk that he hoped the United States would engage with China on \u201cwin-win\u201d cooperation, citing Tesla\u2019s operations in China as a successful example of working together, Chinese state media reported.<\/p>\n<p>\u201cChina\u2019s very large-scale market will always be open to foreign-funded firms,\u201d Li was quoted as saying.<\/p>\n<p>\u201cChina will stick to its word and will continue working hard to expand market access and strengthen service guarantees.\u201d<\/p>\n<p>Musk said in a post on X that he was \u201chonoured\u201d to meet the No 2 official.<\/p>\n<blockquote><p><em><strong>Read Also: <\/strong><a href=\"https:\/\/africatodaynewsnewyork.com\/2024\/04\/20\/x-owner-musk-raises-opposition-to-us-planned-ban-of-tiktok\/\">X Owner Musk Raises Opposition To US Planned Ban Of TikTok<\/a><\/em><\/p><\/blockquote>\n<p>\u201cWe have known each other now for many years, since early Shanghai days,\u201d Musk said.<\/p>\n<p>Musk\u2019s visit was not announced in advance and it is unclear whether his itinerary might include a visit to the Beijing auto show, where Chinese carmakers are showing off electric vehicles that compete directly with Tesla\u2019s models.<\/p>\n<p>The billionaire entrepreneur\u2019s trip comes just over a week after he cancelled a scheduled visit to India to meet Prime Minister Narendra Modi due to \u201cvery heavy Tesla obligations\u201d.<\/p>\n<p>Tesla operates its biggest manufacturing plant outside the US in Shanghai, where about half of its vehicles are produced.<\/p>\n<p>The electric car maker has been struggling with sluggish sales, in part due to fierce competition from Chinese brands.<\/p>\n<p>Tesla\u2019s vehicle deliveries fell by 8.5 percent in the first quarter, contributing to a 40 percent slide in its stock price since July.<\/p>\n<p>The company last week reported profits of $1.1bn in the first quarter, down from $2.51bn a year ago.<\/p>\n<p>Musk earlier this month told staff in a memo that the\u00a0company would lay off\u00a0more than 10 percent of its global workforce so that it would be \u201clean, innovative and hungry for the next growth phase cycle\u201d.<\/p>\n<p>Chinese auto giant BYD dethroned Tesla as the world\u2019s biggest electric vehicle maker in the last three months of 2023, although the Austin, Texas-based company reclaimed the title in the first quarter of this year.<\/p>\n<p>Musk has made multiple trips to China in recent years, wrapping up his most recent visit in June last year.<\/p>\n<p><a href=\"https:\/\/africatodaynewsnewyork.com\/\"><strong>Africa Today News, New York<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of Tesla and serial entrepreneur, Elon Musk has raised eyebrows after he held a meeting with China\u2019s No 2 official on an unannounced visit to Beijing. Musk\u2019s meeting with Chinese Premier Li Qiang is coming at a time carmakers in China are promoting their latest electric vehicles at the Beijing Motor Show taking [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":111384,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[6928],"tags":[7143,17038,11014],"class_list":["post-111356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature","tag-china","tag-elon-musk","tag-tesla","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elon Musk Holds Meeting With China\u2019s No 2 Official In Beijing<\/title>\n<meta name=\"description\" content=\"The CEO of Tesla and serial entrepreneur, Elon Musk has raised eyebrows after he held a meeting with China\u2019s No 2 official 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