China Signals Tentative Approval of Tesla’s Self-Driving Cars
Tesla Comes A Step Closer To Self-Driving Approval In China After Deal With Baidu
Tesla agreed to a deal with Chinese search giant Baidu for its mapping and navigation functions, according to several reports on Monday, as CEO Elon Musk met with senior Chinese government officials in a purported push to gain approval for its subscription-based driver-assistance technology which may help boost revenues for the company in its largest foreign market.
Tesla Soars on Tentative Approval for Driving System in China
Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market.
Tesla shares spike 12% as Elon Musk wins approval for full self-driving rollout in China
Tesla shares surged more than 12% in early trading Monday after CEO Elon Musk secured approval to roll out “Full Self Driving” technology in China after a whirlwind weekend trip to the country.
Top Chinese officials gave Tesla tentative permission to launch the software following a meeting with Musk during his surprise trip to Beijing. Tesla will rely on Chinese tech giant Baidu’s mapping license for navigation on public roads, people familiar with the matter told the Wall Street Journal.