Reported 28 days ago
China has mandated that its automakers retain advanced electric vehicle technology within the country, even as they pursue global factory expansions to avoid tariffs on exports. The Ministry of Commerce emphasized that key production should remain in China to protect the know-how of the EV industry and reduce regulatory risks. This directive poses challenges for companies seeking to globalize amid increasing competition and slow domestic sales, while also impacting European nations looking to attract Chinese car manufacturers.
Source: YAHOO