Tesla founder Musk meets Chinese premier as competitors show off new EVs

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Tesla founder and chief executive Elon Musk has met the Chinese premier in Beijing&comma; just as the nation’s carmakers are showing off their latest electric vehicle models at the capital’s auto show&period;<&sol;p>&NewLine;<p>Li Qiang told Mr Musk that he hopes the US will work more with China on &OpenCurlyDoubleQuote;win-win” cooperation&comma; citing Tesla’s operations in China as a successful example of economic cooperation&comma; China’s state broadcaster CCTV said on its main evening news programme&period;<&sol;p>&NewLine;<p>For China&comma; Mr Musk is a welcome antidote to the tough talk from US officials&comma; which played out most recently during a visit by secretary of state Antony Blinken&period;<&sol;p>&NewLine;<p>Mr Li’s remarks also reflect China’s efforts to attract foreign investment to boost its flagging economy&period;<&sol;p>&NewLine;<p>It was not clear whether Musk would visit the auto show&comma; which runs through this week&period;<&sol;p>&NewLine;<p>Chinese carmakers and start-ups have launched several electric cars in recent years&comma; some going head-to-head with Tesla and undercutting the American maker on price<&sol;p>&NewLine;<p>An earlier CCTV online report said that Mr Musk had come at the invitation of the China Council for the Promotion of International Trade and met with its president&comma; Ren Hongbin&comma; to exchange views on further cooperation and other topics&period;<&sol;p>&NewLine;<p>Tesla has a major manufacturing base in Shanghai for both domestic sales in China and exports to Europe and other regions&period;<&sol;p>&NewLine;<p>It cut prices in China a week ago&comma; following similar reductions in the US&period;<&sol;p>&NewLine;<p>Tesla has a major manufacturing base in Shanghai for both domestic sales in China and exports to Europe and other regions&period; It cut prices in China a week ago&comma; following similar reductions in the US&period;<&sol;p>&NewLine;<p>The European Union has launched an investigation into Chinese subsidies for the EV industry that could lead to tariffs on electric vehicles made in China&comma; potentially including Tesla cars&period;<&sol;p>&NewLine;<p>The green energy subsidies have helped transform the Chinese auto market&comma; with EVs reaching about a quarter of new car sales last year&comma; eating into demand for petrol-powered vehicles&period;<&sol;p>&NewLine;<p>Foreign carmakers such as Volkswagen and Nissan are scrambling to develop new EV models to hold onto or claw back market share in China&comma; the world’s largest automobile market&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68cd2f2e0a4a9">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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