I've heard about this as well. This is huge for Tesla. With how much cars there are in China, if they can get even a small piece of that pie for FSD subscription then they will be able to get a lot of 'free' revenue. On top of that, they will also get additional data that they can use. Let's just hope it becomes a success.
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We will see when it goes live. I am not sure what other hoops, if any, it will have to jump through. The pricing is set so it got to that point.