During a recent meeting between Tesla CEO Elon Musk and Chinese Premier Li Keqiang, the details of their discussion were not publicly disclosed. However, footage from China’s state broadcaster showed Premier Li praising Tesla as a successful example of Sino-American economic and trade cooperation.
Tesla is currently facing competition from Chinese rivals with their own autonomous driving software, and obtaining approval to transfer data collected in China abroad would be a crucial step towards success in the Chinese market. According to analyst Dan Ives from Wedbush Securities, this move would be a game changer for Tesla.
Removing the barrier of Chinese laws that prohibit the transfer of domestic data out of the country is essential for Tesla to improve its autopilot driverless car software by leveraging its most advanced autonomous driving technology. Full self-driving autopilot has not been enabled in China yet, but with this permission, Tesla could significantly impact its growth in the region.
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.