HONG KONG - Tesla Motors CEO Elon Musk is looking to peddle his Hyperloop mass transit solutions in China, hoping to see high speed non-rail networks in place within a decade.
On Tuesday, Musk told assembled guests at Startmeup Venture Forum in Hong Kong that the new concept currently undergoing trials in test tracks in California could someday whisk commuters through element-resistant tubes, eliminating the daily crawl through Hong Kong's cross harbor tunnels in bumper-to-bumper traffic.
The CEO of the Space Exploration Technologies (SpaceX) said riders will be whisked along within enclosed tubes in pods at speeds of beyond 700 mph, with the promise of eliminating traffic gridlock problems in high density cities like Hong Kong and in many of the mainland's major cities.
While Hyperloop Technologies is also in talks to bring the technology to Russia, Hyperloop chief operating officer Bibop Gresta said in Davos, the revolutionary mode of mass transit will likely take upwards of a decade to reach the global market, Musk said in Hong Kong.
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