Musk and Li shook hands before sitting down for talks during which they shared views on the importance of furthering U.S.-China ties.
WATCH BELOW: Kanye West tells students to leave Elon Musk alone
Their meeting came one day ahead of official celebrations in Beijing to mark the 40th anniversary of the establishment of the China-U.S. diplomatic relationship.
It also came just after trade talks between the two nations — which lasted longer than expected — ended, raising hopes an all-out trade war can be avoided.
WATCH BELOW: Huawei CFO case strains relationship between Canada and China
On January 7, Musk attended a groundbreaking ceremony in Shanghai at a site where Tesla plans to formally begin construction on a new $2 billion factory, a first step in localizing production in the world’s largest auto market.
WATCH: U.S-China trade talks wrap up in Beijing
© 2019 Reuters