Tesla, Baidu jump as EV maker reportedly wins tentative nod to launch FSD in China By
2024-04-29 18:20:05
more 
1298

Tesla (NASDAQ:) has received tentative approval from Beijing to launch its driver assistance software in China, the Wall Street Journal reported on Monday.

According to the report, this development occurred during a surprise visit by CEO Elon Musk to Tesla's largest market outside the US.

Chinese authorities have agreed to allow Tesla to introduce its Full Self Driving solution, leveraging mapping and navigation technology from Baidu (NASDAQ:), a Chinese tech giant.

TSLA shares jumped more than 6% in premarket trading Monday and BIDU stock rose 5%.


Through this collaboration with Baidu, Tesla not only acquired the necessary technological framework but also addressed key regulatory concerns about data security, easing the path for FSD’s deployment.

Beyond its established search engine operations, Baidu has ventured extensively into autonomous driving and artificial intelligence technologies.

The green light from Beijing follows discussions between Musk and high-ranking Chinese officials, including Premier Li Qiang, a former Communist Party leader in Shanghai where Tesla built its manufacturing base.

Moreover, during his visit, Musk met with Robin Zeng, the chairman of Contemporary Amperex Technology, a key supplier of batteries to Tesla, in Beijing.

Statement:
The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Related News

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。