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    Home » Biden Administration Investigating Know-how in Chinese Vehicles | Invesloan.com
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    Biden Administration Investigating Know-how in Chinese Vehicles | Invesloan.com

    February 29, 2024
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    Biden introduced in an announcement Thursday his administration is launching an investigation into automakers from “countries of concern,” naming China completely. The Secretary of Commerce will lead the cost to find out the dangers of international expertise in on a regular basis Americans’ vehicles, and to take motion, if crucial, to guard nationwide safety, the assertion mentioned.

    “These cars are connected to our phones, to navigation systems, to critical infrastructure, and to the companies that made them,” Biden mentioned in his assertion. “Connected vehicles from China could collect sensitive data about our citizens and our infrastructure and send this data back to the People’s Republic of China.”

    He added that China locations pointers on American vehicles working within the nation, so why would America not do the identical?

    One Chinese automaker rising as a dominant power within the world automobile market is BYD, which unseated Tesla because the world’s largest EV vendor final yr. China’s success within the EV world comes as US gross sales of the vehicles slip.

    But, BYD has mentioned that it has no plans to come back to the US, regardless of its worldwide enlargement into different nations, like Mexico, in accordance with Yahoo! Finance.

    “We’re not planning to come to the US,” Stella Li, government vp of BYD and CEO of BYD Americas, informed Yahoo Finance Live. “It’s an interesting market, but it is very complicated.”

    Commerce Secretary Gina Raimondo informed reporters Wednesday that the investigation was designed to get forward of the market — “before Chinese-manufactured vehicles become widespread” within the US.

    “Imagine if there were thousands of Chinese vehicles on American roads that could be immediately disabled by somebody in Beijing,” Raimondo mentioned, per the Associated Press.

    “It doesn’t take a lot of imagination to figure out how a foreign adversary like China with access to this sort of information at scale could pose a serious risk for national security and the privacy of US citizens,” Raimondo added.

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