Is Tesla on the Outs in China?

Zoë Schiffer: Can you talk to me about this attitude? Also what is Tesla’s standing in China? Is the famous, looked as a cool car?

Zeyi Yang: This is still a kind, because the longest time, the Chinese auto brands were seen below foreign brands. Tesla still has halo as an American electric car company. But it loses as we talk. Also, when I talk about the connection between Tesla and China, sometimes I forget how much it was pulled. We have a very interesting number we have to talk about. Name Zhuanglong. He was Chinese Minister of Industry and Information Technologies. Basically, the Ministry of Innovations in China. He went to San Francisco in 2008 and tested one of the roads in Tesla’s first electric cars. Because he came from the auto industry, he was an electric car. All this started. Then, Musk met with this guy again in 2014. Indeed, he tried to force his car to sell in China, and then we know that in 2020 built a gigaffactory in Shanghai. This is a long history of Musk and Tesla to get to China. But now what we know is one of the most productive means for China Tesla. It is also one of the largest market for Tesla. Tesla cannot completely lose porcelain.

Zoë Schiffer: This is interesting because we are really familiar with other technological companies like Google and Meta, indeed, in some cases, in some cases failed or completely failed. However, Elon Musk was able to dominate. Do we know why

Zeyi Yang: I think this helps to work in a car company instead of a social media company, because China has a lot of control on the Internet and the Internet. However, if you are preparing a car, it does not go over the red lines where China is. In addition, it only helps China really think in the last two decades, “I have to bet on electric vehicle as the future of the vehicle.” This has ensured that it is part of Tesla’s great experience, as well as investing in developing the home empire. Therefore, Tesla is becoming a central part of it, and so far helped China achieve.

Zoë Schiffer: Well, this is in my next question, because China really invests in electric vehicles. In part, I think reducing the dependence on foreign oil imports. How is this going so far?

Zeyi Yang: It’s pretty good, I will say. Yes. China has no rich oil reserves and is imported from many other place for the longest period. Therefore, the Chinese government has always been very careful, for example, if World War III has occurred, this oil supply will be cut. What do you intend to do? I think that in the early days of the 2000s, the idea of ​​electric vehicles was the idea of ​​this moonshot. Wherever they think, “Maybe one day, if all cars are equipped with electricity, there is no need to import this oil and will be more reliable if war occurs.” Indeed, they really began to invest in the research of batteries and electric vehicles with college research funds. But then, gradually caused the establishment of Chinese companies. It is very subsidy to any car company that can run on the road and can create a product that customers can get. All this has led to those who have the electric vehicle market, which is currently developing in China since its heavy spending for many years. I think the latest information is more than 50 percent of consumers, while trying to buy a new car, they go more than a gas car. This is very noteworthy.