Musk is optimistic about Chinese car companies: there are too many smart and hard-working people who will do things well

Tesla CEO Elon Musk praised China in an interview.

On December 15, local time, following the election of Time Magazine's Person of the Year, Musk was named "Person of the Year" by the Financial Times for promoting the electrification transformation of the automotive industry.

In an interview with the Financial Times, Musk mentioned that China will become a force to be reckoned with in the world's automotive industry.

"I think it's unbelievable that people are ignoring what China has achieved." Musk believes that "the wave of Japanese goods imports that occurred in the 1980s and 1990s is about to be re-enacted in Chinese car companies." ”

"The professionalism in China, and the sheer number of hard-working and intelligent people, are amazing," he said. This makes people admire at the same time, but also a little fear. They're going to get things done. ”

The Financial Times pointed out that Tesla launched the Model S nearly a decade ago, proving that electric vehicles can compete with the best fuel vehicles in terms of performance and style, and 4 years ago, Model 3 introduced electric technology to a broader market. Over the years, Musk has built the electric car market almost single-handedly while battling bankruptcy, engaging in ongoing battles with Wall Street short sellers and "arguing" with regulators.

The Financial Times believes that this year is the year that Musk has justified himself, and more car companies have indicated that they want to enter the electric car.

This is not the first time musk is optimistic about the Chinese market and new car-making forces.

Just past the Wall Street Journal CEO Board, Musk said that China's economy may be two or three times the size of the United States in the future. At the same time, he also believes that Tesla maintains a very good relationship with China, "Which does not mean that I am speaking for China, just as I will not speak for the United States or any other country." ”

At the World New Energy Vehicle Conference held in September this year, Musk said in a video speech that China's car companies are the most competitive car companies in the world. Two weeks later, at the World Internet Conference, Musk emphasized China's importance to Tesla, highly praising China as a global leader in digitalization.

Musk's attitude toward China is not unrelated to Tesla's rapid growth in China.

As China's first wholly foreign-owned automobile factory, Tesla's Shanghai Gigafactory has been continuously increasing its production capacity and market size in China since its completion in 2019.

At present, Tesla has built a Shanghai Super Factory, a Shanghai Super Charging Pile Factory, a Shanghai R&D Innovation Center and a data center in Shanghai. At the same time, the Shanghai Gigafactory has an annual production capacity of more than 450,000 vehicles, which has become Tesla's most important export center, and the localization rate of parts in the Shanghai Gigafactory has exceeded 90% and is further improving.

According to the data of the Association, from January to November this year, Tesla's sales in the Chinese market have exceeded 240,000 vehicles. According to Tesla's third quarterly report, in the first three quarters of this year, Tesla's revenue in the Chinese market accounted for 24.97% of the world, compared with 19.45% in the same period last year. The contribution of the Chinese market to Tesla is increasing significantly.