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Elon Musk: Tesla will expand its investments in China

Ο Elon Musk confirmed that Tesla will continue to invest in China, as promised.

Musk's announcement was made as part of a question-and-answer style stream on World Internet Conference, which was organized by Cyberspace Administration of China.

See also: "Biden is still asleep," Musk said after the success of SpaceX

Tesla Investments China

Is for the second time this month that Elon Musk is particularly "friendly" with China, which is important to the company Tesla electric vehicles. Musk described China "world leader in digitalization“. About two weeks ago, Tesla's CEO said during another stream on World New Energy Vehicle Congress, that the Chinese automakers were the "most competitive in the world".

See also: NTSB: Tesla is not ready to expand full self-driving mode

"My honest observation is that China is spending a lot of resources and efforts applying the latest digital technologies to various industries, including the automotive industry, making China a world leader in digitalization.Said Musk. "Tesla will continue to expand our investment and R&D efforts in China".

Elon Musk Tesla China

Tesla is trying to improve its reputation in China, as lately it is not the best. The company has been targeted by a regulator investigating privacy. It is also said that Beijing has restricted or even banned the use of Tesla electric vehicles by government and military personnel.

See also: China: "Tesla cars" are not allowed to park near military bases

Elon Musk also spoke about the issue of data protection, specifying what kind of data is stored locally.

"At Tesla, we are pleased to see a number of laws and regulations in place to enhance data managementSaid Musk.

"Tesla has created one data center in China to locate all the data generated by our business here, including production, sales, services and billing. All personal information is stored securely in China and is not transferred abroad. Only in very rare cases, for example, for spare parts orders from abroad, data for transport to other places are approved".

Source: CNBC

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