Business & Investment

Tesla’s Elon Musk praises Chinese carmakers and vows to ensure car data security: Report

Elon Musk reportedly praised Chinese automakers when he appeared online at the Green Vehicle Conference on Friday, saying Tesla would work with authorities around the world to protect data from self-driving cars.

In a short video speech at the World New Energy Vehicle Conference in Hainan, China, Musk said he “has a great deal of respect for many Chinese automakers” who have driven the development of electric vehicle technology. , China’s “Great Market Potential”, Bloomberg News When Reuters report.

Tesla
TSLA,
+ 0.15%

With the opening of a plant in Shanghai in 2019, competition with Chinese EV manufacturers including Nio Inc is intensifying.
NIO,
-2.47%

And Li Auto Inc.
LI,
-2.89%
..
In 2020, Tesla sold 147,455 cars in China. This represents about 30% of the world total.

“Tesla will work with national authorities in all countries to ensure intelligence and data security for connected cars,” Musk said, noting the growing concern about the data collected by self-driving cars. Said.

Earlier this year Musk denied that Tesla car cameras could transmit sensitive footage Reportedly to the US government after China banned its military staff members and employees of some state-owned enterprises from owning Tesla. “There is a very strong motivation for us to keep any information very secret,” he said at the time.

Tesla’s inventory has increased by 7% year-to-date compared to the S & P 500.
SPX,
-0.16%

This year it will increase by 19%.

Tesla’s Elon Musk praises Chinese carmakers and vows to ensure car data security: Report

http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7644-626EEC1783E9%7D&siteid=rss&rss=1 Tesla’s Elon Musk praises Chinese carmakers and vows to ensure car data security: Report

Back to top button