The new requirements, issued in December, seek to reduce US reliance on China in its electric-vehicle supply chain
Tesla paid 222.42 million yuan ($31.13 million) for use rights to a 19.7-hectare (48.7 acres) plot in Shanghai for $31.13 million
The US carmaker sold 82,432 of its Shanghai gigafactory-produced vehicles last month as rival BYD set a new sales record
Nio has announced plans to cut its workforce by 10% as buyers shun pure electrics for more economical plug-in hybrids
Despite some of China’s electric vehicle makers, such as BYD and Nio, being household names, hundreds more now face an uncertain future
Among major backers of the chip designer is smartphone giant Xiaomi, which won approval last month from China's state planner to manufacture electric vehicles
French automaker Renault is to hack back costs by 40% while Peugeot-Fiat carmaker Stellantis described the competition with China as “brutal”
Purchases of Nio models slid in April and May as a price war intensified, with Tesla's China sales more than five times Nio's over the same period
Before travelling to China, US CEOs have particularly been seeking advice about how Beijing's expansion of its counter-espionage law could affect them
Musk is expected to meet several senior Chinese officials and visit Tesla's Shanghai plant later in the week
The trip is Musk's first to China since he made headlines in early 2020 by dancing on stage at Tesla's Shanghai gigafactory
Executives from the electric vehicle maker are said to have discussed the incentives on offer to them with Indian government officials