The article discusses the significant role that China has played in Tesla's growth, particularly through high-level meetings between Elon Musk and Chinese officials. In January 2019, China's then-No. 2 official, Li Keqiang, hosted Musk at Zhongnanhai, offering support for promoting stability in China-U.S. relations and extending a Chinese green card to him. This relationship has been crucial as Tesla established its Shanghai factory under favorable conditions from the Chinese government, including low-interest loans and relaxed regulations. However, currently, Tesla faces challenges in the Chinese market as sales decline.
During the meeting, Mr. Li said that he hoped Mr. Musk could promote the stability of China-U.S. relations and offered the billionaire a Chinese green card, according to the state news media outlet CGTN.
Beijing ensured Tesla low-interest loans, overhauled ownership rules so that the company could set up without a local partner and granted changes that Tesla had sought on emissions regulations.
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