[NEWS} Elon Musk to launch China unit for tunneling company this month – CNBC

[NEWS}news image

SpaceX chief Elon Musk answers questions after the 2019 SpaceX Hyperloop Pod competition at the SpaceX headquarters in Los Angeles on July 21, 2019. – 21 teams from around the world competed in the event which sees their pods race on the 1.25 kilometer Hyperloop test track.

MARK RALSTON | AFP | Getty Images

Elon Musk will soon launch a China unit for his underground tunneling enterprise, The Boring Company, the billionaire entrepreneur said on Twitter.

One of Musk’s followers tweeted thatTesla Inc‘s chief executive officer would attend the World Artificial Intelligence Conference of 2019 in Shanghai later this month.

Musk replied on the social media platform that he “will also be launching The Boring Company China on this trip.”

Musk started the Boring Company to build underground transport tunnels for hyperloop transportation systems, which he says would be far faster than current high-speed trains and use electromagnetic propulsion.

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