Tesla (TSLA) cleared a significant hurdle that could help it roll out its advanced driver-assistance technology in China. Authorities removed restrictions on Tesla’s China-made cars after passing the country’s data security requirements. The move raises the prospect that Tesla’s driver-assistance software will soon be available in the country.
- Tesla stock soared on Monday following reports that CEO Elon Musk won Chinese approval to deploy the automaker’s Full Self-Driving (FSD) autonomous software on the mainland.
- As was first reported by the Wall Street Journal, people familiar with the matter said that officials told Tesla that they had tentatively approved FSD in the country during Musk’s 24-hour visit to Beijing over the weekend.
- Separately, Bloomberg earlier reported that Tesla will use Chinese tech company Baidu’s street-level mapping data to power FSD. Tesla had been previously using Baidu’s mapping data for satellite navigation in its cars. Working with a Chinese company helped with regulatory approval as data privacy and security risks are minimized, the reports said.
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