When Elon Musk travels to China, he will meet Premier Li Qiang.

After 3 Years, a return visit to China; Image: Yahoo

This week, businessman Elon Musk is traveling to China, where he will meet with important leaders, including Premier Li Qiang. This trip, which is Musk's first to the nation in three years, is regarded as a crucial step in improving Tesla's ties with China.

The CEO of Tesla and SpaceX, Elon Musk, has been organizing his trip to China since April and is eager to see Premier Li Qiang in person. Other notable officials, whose names have not been made public, are said to be attending this secret meeting as well, according to insider reports.

The tour of the Shanghai Gigafactory will be a high point of the trip. From the current 450,000 vehicles produced annually at the facility, Tesla intends to increase that number to 1.75 million. The necessary authorities have already received the initial expansion drawings. Although more than a hundred other automakers have offered comparable proposals to increase their output, they have displayed some reluctance. The CEO of Tesla and SpaceX, Elon Musk, has been organizing his trip to China since April and is eager to see Premier Li Qiang in person. Other notable officials, whose names have not been made public, are said to be attending this secret meeting as well, according to insider reports.

Musk recognized that growth in China presents some hurdles in a recent interview with CNBC. He highlighted, however, that the lack of demand is not the cause of these problems. Musk made it plain when questioned about the tense ties between China and the USA that everyone should be concerned about this scenario.

Additionally, Tesla intends to construct a plant in Mexico to produce the following generation of electric automobiles. These cars are anticipated to be even more inexpensive than the well-liked Model 3, which costs $40,000 right now.