China Wants Automakers To Safeguard Their EV Technology And Keep It Within The Country As Companies Look To Expand Factories To Avoid Heavy Tariffs: Report

Quick Summary:

What Happened: China is recommending that Chinese automakers export knock-down kits that can be assembled at their foreign plant, reported Bloomberg, citing people familiar with the matter.

China has reportedly advised its automakers to ensure that advanced electric vehicle (EV) technology stays within the country even as they put up factories in foreign countries.

This would ensure that key parts of the vehicle will continue to be produced in China.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesCanadaChinaHungaryIndiaSpain

Topics: BYDDY Global Electric vehicles EVs Benzinga News Media Tech Mobility

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 06:22:52 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 248 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22467055

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