Elon Musk Plans to Deploy Tesla’s Robotaxis in China

Elon Musk is looking to deploy Tesla's robotaxis in China, state media reports say. Tesla is planning to rollout its robotaxis in China, state-owned newspaper China Daily reported. Elon Musk suggested implementing Tesla's Full Self-Driving technology in China's taxi services. The EV giant said it would unveil its long-awaited robotaxis on August 8.

Elon Musk's Strategic Move

Tesla CEO Elon Musk is looking to deploy his company's Full Self-Driving (FSD) technology in China's taxi services, Chinese state-owned newspaper China Daily reported on Tuesday. The Tesla chief made a surprise visit to China last month, where he met the country's second-highest-ranking politician, Premier Li Qiang.

Government Approval and Support

Musk, whose company is grappling with sluggish sales, received a critical lifeline when Chinese officials gave their in-principle approval for Tesla to roll out its FSD technology in the country, per Bloomberg. Additionally, the Chinese government also gave their partial support to Musk's proposal to implement Tesla's FSD technology in the country's taxi services, the outlet reported, citing people familiar with the matter.

Shift to Software Company

Musk's bet on fully autonomous vehicles isn't that surprising considering the recent changes he's introduced to reposition the automaker as a software company. On April 5, Musk said in an X post that Tesla would be unveiling its long-awaited robotaxi on August 8. The date was apparently chosen because the number eight is seen as an auspicious digit in Chinese culture, Musk said in a subsequent X post on April 29.

Focus on AI and Robotics

The company also seems to be paring back on its infrastructure spending as well. Last week, Musk said he was dissolving the team behind Tesla's Supercharger charging-station network, per The Information. Tesla, Musk said, would still be growing its charger network, albeit "at a slower pace." Musk emphasized that Tesla should be thought of as an AI or robotics company, rather than just an auto company.

Read the original article on Business Insider.

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By: ktan@businessinsider.com (Kwan Wei Kevin Tan)
Title: Elon Musk Plans to Deploy Tesla’s Robotaxis in China
Sourced From: www.businessinsider.com/tesla-looking-to-deploy-its-robotaxis-in-china-2024-5
Published Date: Wed, 08 May 2024 03:41:28 +0000