In the News: US to Propose Barring Chinese Software in Cars; China Tightens Offshore Investment; and Chinese Firms Plan to Expand to the US Midwest

August 15, 2024 | BY

Brian Chan &Krista Lee

U.S. plans to restrict Chinese software in electric and internet-connected cars; China increases control over offshore capital flows; and Chinese firms plan to expand into the U.S. Midwest but have regulatory concerns.

Promulgated: 2024-08-04

Credit: ake1150/Adobe Stock

US to Propose Banning Chinese Software in Autonomous Cars

The U.S. Commerce Department is expected to propose barring Chinese software in autonomous and internet-connected vehicles, according to Reuters. In November, a group of U.S. lawmakers raised concerns about Chinese companies collecting and handling sensitive data during tests in the U.S. of autonomous vehicles. Global car manufacturers have become increasingly dependent on Chinese suppliers for technology and the U.S. is taking action before Chinese cars become dominant in the U.S.

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