As soon as Blinken walked on the front foot, Musk came. Musk is not here to participate in China's auto show, but has a larger purpose.
The prime minister met with Musk in Beijing. Li Qiang said that Tesla's development in China is a successful example of Sino-US economic and trade cooperation. Equal cooperation and mutual benefit are in the fundamental interests of both countries. China's hyperscale market will always be open to foreign companies.
In the case of new energy vehicles, the coiled battery can no longer be rolled. The Full Self-Driving system is critical for Tesla. Based on the layout of large-scale mileage, self-developed computing platform and huge computing power, Tesla has entered the V12.3 stage. Musk has said that fully autonomous driving is "one step away" from reality. Once FSD is commercially implemented, it will become Tesla's lucrative "cash cow".
China is Tesla's second largest market in the world, with more than 1.7 million Tesla units. The driving data of these vehicles is essential for the training of FSD. Tesla has stored all data collected by vehicles in the Chinese market in its data center in Shanghai, as required by regulators, and has not transmitted any data back to the United States. This helps lift the ban on smart cars such as Tesla.
Just now, China lifted its ban on Tesla in certain areas.
In the area of intelligent driving, it is also expected to further accelerate.
Of course, in the Chinese market, intelligent driving is also a clear goal for new energy vehicle companies.
The competition is fierce. Xpeng, Ideal, Jiyue, NIO, Huawei and other car companies are accelerating function research and development, product implementation and marketing promotion. If FSD succeeds in entering the Chinese market, it will become a strong competitor for the autonomous driving solutions of local Chinese automakers. Tesla's technological advantage is evident in autonomous driving, but competitors in the Chinese market are also improving.
Predictably
In the area of intelligent driving, Tesla will once again become a "catfish" and accelerate the involution competition. The landscape of China's automotive industry may change again.
For our investment, we can pay attention to two targets, one is the smart car index and the other is the artificial intelligence index.
Smart car ETFs do not currently have over-the-counter feeder funds.
The feeder fund of the AI ETF is ChinaAMC CSI AI Theme ETF Connect A (008585). Friends who like over-the-counter investment can keep up.
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