Elon Musk has signed a letter pledging Tesla‘s commitment to China’s ‘core socialist values’ as he continues his electric vehicle operations in the country.
Chinese authorities previously demanded that Musk, 52, and Tesla change their ways after the company, along with other EV firms, slashed their prices in a bid to remove smaller competitors in the industry.
The joint letter he signed used language that is popular with the communist country’s president, Xi Jinping – and is said to signal a truce among the top manufacturers.
Tesla made the promise to compete fairly in the country’s car market at the China Auto Forum in Shanghai on Thursday.
Musk also virtually attended a Chinese government-backed conference, telling the audience: ‘I admire the Chinese people’s wisdom and determination. As long as the Chinese people decide to do well in one thing, they will, including in AI.’
