CITIC Group's Chairman Qihua Ai met with Tesla's Vice President Gideon Snyder.
1min read On February 14, 2025, CITIC Group Chairman Qihua Xi met with Tesla Vice President Mike Snyder in CITIC Tower. Xi expressed that CITIC Group, with its comprehensive business advantages, has conducted pragmatic cooperation with Tesla in multiple fields. In the next step, it will adhere to the concept of open cooperation and win-win, and explore new energy development, comprehensive financial services, and industrial cooperation opportunities based on the existing cooperation, and jointly promote the "going out" of China's new energy production capacity. Meanwhile, CITIC Group is willing to play a bridge and link role to help Tesla deepen its market in China.
Snyder said that the businesses of Tesla and CITIC Group are highly complementary, and he hopes that both sides will play their respective advantages and explore new energy market opportunities in multiple dimensions through fund cooperation and other ways, expand cooperation space, and achieve win-win results. Snyder is responsible for Tesla's energy and charging business. He said at the opening of Tesla's Shanghai energy storage super factory that "the Chinese energy storage market has huge potential, and Tesla will continue to deepen its market in China". CITIC Group's advanced manufacturing division has already supplied some high-quality parts products to Tesla.
