Billionaire entrepreneur Elon Musk is set to join US President Donald Trump on a high-level delegation visit to China from May 13 to 15, according to a Bloomberg report.
The visit comes amid renewed efforts by both countries to strengthen economic engagement despite growing strategic and trade tensions.
Musk, whose electric vehicle company Tesla has deep commercial interests in China, is expected to push for expanded approvals related to the company's Full Self-Driving (FSD) technology during the Beijing visit.
Tesla's Shanghai Gigafactory remains central to its global operations and contributed nearly 60% of the company's first-quarter 2026 deliveries.
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The visit also comes at a challenging time for Tesla's performance in China.
According to data from the China Passenger Car Association (CPCA), Tesla's retail sales in China fell nearly 10% year-on-year in April to 25,956 vehicles, even as wholesale shipments from its Shanghai factory surged due to strong exports.
Apart from Musk, the delegation is expected to include some of the top American chief executives, including Goldman Sachs Group's David Solomon, Blackstone's Stephen Schwarzman, BlackRock's Larry Fink, Citigroup's Jane Fraser and Meta Platforms' Dina Powell McCormick, reports said.
Senior US officials have indicated the meeting between Trump and Xi will address several high-stakes topics, including Taiwan, Iran, AI technology and nuclear arms. The talks are also expected to focus on whether both nations will continue their strategic critical minerals pact, according to Reuters.
After more than half a year without direct talks, the leaders of the US and China are preparing for a face-to-face meeting aimed at preventing further deterioration in ties strained by trade tensions and geopolitical conflicts, including the US-Israeli conflict with Iran.
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