China is Targeting Tech companies. Tesla is trying to stay out of the way

China is targeting tech companies such as Tesla. The country’s military banned Tesla cars over spying concerns.

China is Targeting Tesla over spying concerns. Tesla is trying to stay out of the way

A United States electric vehicle company Tesla is still trying to win back China.

On Tuesday night, Chinese state media reported that an official at the electric car company told Chinese officials that Tesla would store any data it gathers in China within the nation’s borders.

The Vice-President for external affairs at Tesla China, Grace Tao Lin’s remarks follow recent reports in several news outlets that the nation’s military had banned Tesla vehicles from its complexes over apprehensions that onboard cameras could be adopted for spying.

The carmaker has also faced criticism recently for a series of issues involving its cars. Regulators summoned Tesla to answer questions about the quality of its Shanghai-made automobiles in February.

Beijing has made preventing customer information abuse a significant part of its broader crackdown on tech firms operating in the country. The administration’s campaign present week extended to the Alibaba-affiliated financial tech company, Ant Group, that pledged to ‘strengthen the protection of personal information’ following a Beijing-ordered reformation of its operations.

Elon Musk, Tesla’s CEO, has been trying to reassure China that his business is not doing anything unsuitable. Last month, he stated at an annual state conference that his vehicles would never be used for spying in China.

Later Elon Musk lavished praised on China in an interview with state broadcaster China Central Television, where he promised that the state would become his business’s central market in the long run.

In 2021, Tesla sold 137000 Model 3’s in China

Palo Alto-based company didn’t respond to a CNN Business’ request for a statement about Tao’s reported comments. The Shanghai Securities Journal stated that she spoke on Tuesday at a roundtable meeting between dozens of American companies and officials from the National Development and Reform Commission, China’s potent economic planner.

The paper reported that Grace Tao Lin said Tesla’s data collection would strictly follow China’s laws and regulations. The carmaker had enjoyed a special relationship with authorities in China in the recent few years.

Although he doesn’t speak Chinese, Tesla’s CEO Elon Musk is one of China’s most famous US business leaders. He has some 1.7M followers on a major Chinese social media platform, Weibo, more than Tim Cook, CEO of Apple. And he considers China, which is the largest car market worldwide, critical to his electric vehicle (EV) desires.

China is Targeting Tech companies. Tesla is trying to stay out of the way
China is Targeting Tesla over spying concerns. Tesla is trying to stay out of the way
Source: Web

According to the China Passenger Car Association, in 2020, the company’s revenue from China soared 124 percent from a year earlier, primarily thanks to the Shanghai-made Model 3’s sales. Moreover, Tesla sold more than 137000 Model 3s in the country in 2021 that made it the best-selling electric vehicle in the market.

Read Also: Musk says Tim Cook refused to meet with him on Apple buying Tesla


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