Why did Elon Musk praise Chinese car manufacturers?

Elon Musk, CEO of Tesla, praised Chinese car companies in a speech at the Green Car Conference, hosted by the Chinese province of Hainan. Musk has been very keen on China, which is critical to the electric car company, and the comments come as Tesla tries to improve its reputation in China.

"I have a great deal of respect for the many Chinese automakers for driving these (EV) technologies," Musk said.

In the three-minute appearance, Musk said Chinese automakers are among the best in software, which he said will shape the future of the auto industry. Tesla's competitors to the electric car maker in China include companies such as Nio and Xpeng.

The company laid the foundation stone for a major factory in Shanghai in 2019, and it was seen as a child picture of Beijing's attempts to show it is allowing more foreign companies into its relatively closed market.

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