ANALYSIS: Why Beijing Approved Tesla Cars for Use as Government Vehicles in China

Published on July 26, 2024

Tesla’s electric cars were recently added to government procurement lists in the eastern coastal areas such as Shanghai and Jiangsu Province. One China analyst told The Epoch Times that the Chinese Communist Party (CCP) is giving Tesla special treatment because the regime wants to acquire the carmaker’s battery technology, which could alleviate production bottlenecks in Chinese electric vehicles (EVs). Tesla’s stock price rose 25.88 percent in the first week of July, and its market capitalization increased by $163.32 billion, according to Chinese financial media. This comes after some local authorities expanded their Tesla brand acquisition. On July 5, Shanghai’s Lingang Special Area Investment Promotion Service Center posted on its official Weibo account that several local state-owned enterprises, including the City Investment Xingang Group and the Lingang Investment Holding Group, purchased Model Y vehicles produced by Tesla (Shanghai) Co., Ltd., for corporate use....

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