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Tesla’s Elon Musk praises Chinese auto makers, vows to ensure cars’ data security: reports

Elon Musk praised Chinese language auto makers Friday throughout a web based look at a green-vehicle convention, and stated Tesla Inc. will work with authorities all over the world to safe the information from autonomous autos, in response to reviews.

In a short video handle on the World New Power Car Congress in Hainan, China, Musk stated he has “quite a lot of respect for the numerous Chinese language auto makers” who’ve pushed the event of electric-vehicle know-how, and cited China’s “nice potential” as a market, Bloomberg News and Reuters reported.

Tesla
TSLA,
+0.15%

opened a manufacturing facility in Shanghai in 2019, and is dealing with growing competitors by Chinese language EV makers together with Nio Inc.
NIO,
-2.47%

and Li Auto Inc.
LI,
-2.89%
.
In 2020, Tesla bought 147,455 autos in China, about 30% of its international whole.

Musk additionally famous growing concern concerning the knowledge collected by autonomous autos, and stated “Tesla will work with nationwide authorities in all international locations to make sure knowledge safety of intelligence and related autos.”

Earlier this yr, Musk denied that cameras on Tesla cars could send sensitive footage to the U.S. authorities, after China reportedly banned members of its army employees and staff of some state-owned firms from proudly owning Teslas. “There’s a really robust incentive for us to be very confidential with any data,” he stated on the time.

Tesla inventory is up 7% yr thus far, in comparison with the S&P 500’s
SPX,
-0.16%

19% acquire this yr.

https://www.marketwatch.com/story/teslas-elon-musk-praises-chinese-auto-makers-vows-to-ensure-cars-data-security-reports-11631850619?rss=1&siteid=rss | Tesla’s Elon Musk praises Chinese language auto makers, vows to make sure automobiles’ knowledge safety: reviews

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