Elon Musk will launch a unit in China for the tunnel business this month



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FILE PHOTO: Elon Musk, owner of SpaceX and Tesla CEO, smiles during a conversation with legendary game designer Todd Howard (not shown) at the E3 Gaming Convention in Los Angeles, California, United States, on the 13th June 2019. REUTERS / Mike Blake

(Reuters) – Elon Musk will soon launch a unit in China for his underground tunnel business, The Boring Company, announced the billionaire entrepreneur on Twitter.

One of Musk's supporters tweeted that Tesla Inc. (TSLA.O), the general manager will attend the 2019 World Artificial Intelligence Conference in Shanghai later this month.

Musk responded on the social media platform that he "will also launch The Boring Company China on this trip".

Musk started the Boring Company to build underground transport tunnels for hyper-loop transport systems, which would be much faster than today's high-speed trains and use electromagnetic propulsion.

Report of subrat Patnaik in Bengaluru; Edited by Tom Hogue

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