Is Tesla on the Outs in China?

Joey Shifer: Can you talk about that relationship with me? And also, what is Tesla standing in China? Is it still seen as a popular, cool car?

Jei Young: This is still a kind, because for a long time, Chinese Auto brands have been seen as inferior to foreign brands. Tesler still has that hello as an American electronic car company. However, we are losing it as we talk. Also, when we talk about relationships between Tesla and China, sometimes I forget how far it is. There is a very interesting image that we have to talk about. His name is Zhuanglong. He lived in Chinese Industrial and Information Technology Minister. Basically, the chief ministry of innovation in China. He went to San Francisco in the 21st and tried a roadster in the first electric car that Tesla made. Since he came from the auto industry, he was an electronic car. That is how all this started. Then, from the first China tour of Kastur in 2014, he met this guy again. He really tried to press his own car in China, and later we know that he created a gigafactory in Shanghai in 2021. This is a long history of how musk and Tesla entered China. But what we know about is China Tesla is one of the most productive benefits. It is also the largest market for Tesla. Tesla can’t lose China at all.

Joey Shifer: This is interesting, because we know with other technology companies like Google and Meta, they really tried to enter China and were not quite successful, or in some cases not completely failed. However, Elon was able to win the musk. Do we know why?

Jei Young: I think it helps that he is working in a car company instead of a social media organization, as there is only a lot of control over information and the Internet in China. If you simply make cars, all the red lines in China really don’t go. Also, it simply helps China, for the past two decades, thinking that “probably my transport should be bet on electric vehicle as the future of my transport.” It welcomed Tesla to be part of his great test and also invest in building an EV empire. That is why Tesla has become a very central part of it and has contributed to what China has achieved so far.

Joey Shifer: Okay, it leads to my next question, because China has really invested a lot of electric vehicles. As part, I think, to reduce its dependence on foreign oil imports. How is this going so far?

Jei Young: It’s going well, I’ll say. Yes China does not have a rich oil reserve and is importing oil from many other places for a long time. This is why the Chinese government was always very careful about it, for example, if the Third World War, the oil supply is about to stop. What is it going to do? I think in the first days, I would say in the early 2000s, the concept of electric vehicles was the idea of ​​this munshot. Where they were thinking, “Perhaps, if one day all the cars were driven by electricity, we no longer need this oil and we will be more secure when the war begins.” It is only when they really started investing in batteries and electric vehicles with college research funds. But then, it slowly manages to create Chinese companies. They subsidize any car company that can make a product that can drive on the road and customers can buy. All of them are, after heavy expenditure for years, we take what we have now, which is a booming electric vehicle market in China. I think the latest data says that more than 50 percent of customers are trying to buy a new car, they become electronic than gas cars. This is quite significant.