Elon Musk says China will become Tesla's largest market

China will become the largest market for Tesla, said Elon Musk, co-founder and CEO of the electric carmaker, in an exclusive interview with China Media Group (CMG) on the sidelines of the 2021 China Development Forum that concluded on Monday (Mar. 22).

"China, I think in the long term, will be our biggest market. Both where we make the most number of vehicles and where we have the most number [of] customers," Musk said. The Chinese economy will do extremely well over the next decade, he added.

Tesla's Shanghai factory delivered the first batch of its China-made Model 3 sedans in late 2019, less than a year after the plant began operations. The plant was Tesla's first producing vehicles outside the United States.

"What attracts me most about China's Five-Year Plan is the tremendous commitment to the low-carbon economy and ultimately to a sustainable energy economy," Musk told CMG.

In the 14th Five Year Plan, China is committed to peaking its carbon emission by 2030 and achieving a sustainable energy economy by 2060. "These are very aggressive goals, and I think they are great goals. I wish more countries actually have these goals," Musk commented.

"China is heading towards being the biggest economy in the world, and a lot of prosperity in the future, and the Five-Year Plan is going to be a part of making that prosperity happen," he voiced confidence for the country's future development.

The clean energy auto giant sold 18,318 China-made vehicles in February, up from 15,484 in January, data from the Chinese auto industry body- China Passenger Car Association showed.

(Source: CGTN)