Musk Wins China’s Backing for Tesla’s Driver-Assistance Service

International News Regarding Tesla’s Driver-Assistance Service – Musk Wins China’s Backing for Tesla’s Driver-Assistance Service

Elon Musk, CEO of Tesla (TSLA), allegedly received preliminary clearance to introduce Full Self-Driving in China after meeting with a top government official in a surprise visit on Sunday. That might be a significant lift for Tesla, which is dealing with lower demand and mounting FSD worries at home. Tesla shares surged early Monday.

The Wall Street Journal claimed early Monday that Beijing had given Tesla preliminary approval to launch the FSD in China.

Musk and China’s Premier Li Qiang met on Sunday. According to the Chinese official media, Li described Tesla’s expansion in China as “a successful example of Sino-US economic and trade cooperation.”

Tesla passed Beijing’s data security exams. The China Association of Automobile Manufacturers made the announcement immediately after Musk and Li met. As a consequence, Chinese municipal officials eased limitations on Tesla automobiles in specific places.

Tesla will collaborate with Baidu (BIDU), which has licensed mapping data and its lane-level navigation service for FSD, which is not self-driving. Baidu shares surged early Monday. It’s unclear whether the Baidu arrangement implies Tesla won’t be able to transfer China FSD data back to the US.

On Tesla’s April 23 earnings conference, Musk stated that the company intends to release FSD “as a supervised autonomy system in any market that — where we can get regulatory approval for that, which we think includes China.”

Given the rising prevalence of sophisticated driver-assistance technologies, it is unknown how much Tesla will charge for FSD in China. Actual robotaxis are also becoming more common. However, it might help support Tesla EV price and demand.

Tesla’s sales in China are faltering because of tough competition and aggressive pricing. Tesla introduced fresh price decreases earlier this month.

At the present Beijing Auto Show, Chinese rivals have unveiled a host of new vehicles, several of which have ADAS technology. Tesla, which does not have any new EVs to show off, will not participate.

Musk did not go to the Beijing Auto Show or the Tesla Shanghai facility.

Late Thursday, the National Highway Transportation Safety Administration announced that it will launch a fresh investigation into Tesla self-driving systems, citing worries that a 2023 initiative to increase driver monitoring and attentiveness was falling short. The NHTSA also appeared to attribute some of the blame for Autopilot and FSD incidents to Tesla, rather than solely the driver.

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