Trade war tremors and tech crackdown jolt Shanghai auto show

Quick Summary:

SHANGHAI, April 24 — China’s annual major auto shows have become a showcase for the rise of ever-cheaper, better-perform...

Tesla CEO Elon Musk said on Tuesday while announcing a 71 per cent plunge in first-quarter net profit that the EV maker’s already-delayed production plans for its Optimus humanoid robot had been slowed by China’s restrictions on the export of the rare earth magnets needed for the motor powering the robot’s arms.

Chinese automakers, which had been preparing to heavily market their driver-assistance features to set their cars apart from competitors at the show, were forced at last minute to switch to a “safety first” message.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Shanghai auto show Us tariffs on china China US-China trade war

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 07:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 1046 words

Reading Time: 6 minutes read

Sentences: 42 lines

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Copyright Owner: © Malay Mail

News ID: 28180655

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