- Capital Markets
- China Law News
- Cybersecurity
- Outbound Investment
- Private Equity and Venture Capital
- Technology Media and Telecom
- Transportation
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 LeeU.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.
|
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.
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now