Musk arrives in China and calls for maintaining economic relations with the United States.

Billionaire Elon Musk’s visit to China is just one of many powerful American CEOs who have risen to power since he reopened his borders and reversed his “zero Covid” policy in December.

Tim Cook, CEO of tech giant Apple, visited the country in March, while Jamie Dimon, CEO of JP Morgan and Laxman Narasimhan, are also visiting China this week.

The arrival of the top executives in Beijing is seen by many as an antidote to souring diplomatic relations between the world’s two largest economies. Indeed, Musk’s arrival came along with a message tinged with politics.

“We must press the brakes in time, avoid dangerous driving and be skilled in using the accelerator to promote win-win cooperation,” Chinese Foreign Minister Qin Gang said after meeting Musk.

The official quoted Tesla as saying that he opposes the separation of the US and Chinese economies, adding that the Tesla owner described the relationship between the two countries as “twins in solidarity.”

Investors are closely watching Musk’s moves in China

This Tuesday, May 30, is Elon Musk’s first trip to China since 2020, and it comes at a time when Tesla is seeing a marked increase in competition from Chinese automakers.

Investors in the American luxury manufacturer have navigated some uncertainty about expansion plans for the Shanghai factory, Tesla’s largest production center, which has been in operation since 2019 and where Tesla’s first “megafactory” operates outside the United States. United States, with production of more than 710,000 vehicles in 2022.

In this sense, the visit could throw clues as to whether and by how much the electric car company will increase its production in Shanghai.

With Reuters and EFE