Industry dynamics

Tesla CEO Elon Musk planning visit to China, report says

Publishtime:1970-01-01 08:00:00 Views:27

Elon Musk last visited China in January 2020, when he showed off a dance during a delivery ceremony for Tesla's first China-made Model 3 vehicles.

(A screenshot from a file video showing Tesla CEO Elon Musk gave a speech.)

Tesla CEO Elon Musk is planning a visit to China as early as April and is seeking a meeting with Chinese Premier Li Qiang, Reuters said in a report today, citing two people familiar with the matter.

Musk's visit will mark his first to China since the Covid-19 pandemic, the report noted.

The Tesla CEO's last visit to China was in January 2020, when he showed off a dance during the delivery of Tesla's first China-made Model 3 vehicles.

China is Tesla's second-largest market after the United States, and its Shanghai plant is the electric vehicle maker's largest production center, producing the Model 3 sedan as well as the Model Y crossover.

For the full year of 2022, the Chinese market contributed $18.1 billion in revenue to Tesla, or 22 percent of its $81.5 billion in total revenue, according to its 10-K filing with the SEC on January 31.

The US market contributed $40.6 billion, or 49.8 percent, to Tesla's revenue in 2022.

For the full year 2022, Tesla delivered 1,313,851 vehicles worldwide, up 40.38 percent from 935,950 in 2021.

The electric vehicle maker delivered 439,770 vehicles in China in 2022, contributing 33 percent of the year's deliveries, data monitored by CnEVPost show.

In January and February, Tesla delivered 26,843 vehicles and 33,923 vehicles in China, respectively, data from the China Passenger Car Association (CPCA) show.

Tesla's Shanghai plant exported 39,208 and 40,479 vehicles in January and February, respectively.

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