Briefing: Beijing Opposes Washington’s Proposed Smart Car Ban
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A run-down of key developments in China over the past 24 hours:
Smart cars: China has criticized U.S. plans to ban (link in Chinese) the import or domestic sale of certain connected vehicles and their related software and hardware from China. A foreign ministry spokesman said Monday that China opposes discriminatory practices against Chinese companies and takes issue with the U.S. stretching the concept of national security. The U.S. indicated that the focus of the ban is on vehicle connectivity and autonomous driving systems. It warned that malicious access of these systems could allow U.S. adversaries to collect sensitive data or remotely manipulate vehicles. The proposed ban would also affect vehicles produced in Russia.
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- China opposes U.S. plans to ban imports of connected vehicles from China, citing concerns over vehicle connectivity and national security.
- China announces economic stimulus measures, including mortgage rate cuts, lower down payment ratios, and a 300 billion yuan loan initiative for affordable housing.
- The U.S. plans to invest $3 billion in domestic battery manufacturing, challenging China's dominance in the global battery supply chain.
- U.S. Department of Energy
- The U.S. Department of Energy plans to spend $3 billion to support local battery manufacturing. This initiative aims to promote battery processing and recycling, reducing domestic manufacturers' reliance on foreign raw materials. As of last year, over 60% of the world's battery components were supplied by China.
- June 24, 2024：
- The two kidnapped executives were found dead in Manila, Philippines.
- Sunday, September 22, 2024：
- A woman suspected of luring two Chinese company executives to their deaths in the Philippines was arrested in South Korea.
- Monday, September 23, 2024：
- China criticized U.S. plans to ban the import or domestic sale of certain connected vehicles and their related software and hardware from China.
- Monday, September 23, 2024：
- An industry group reported the problems facing Chinese auto dealers, including financial pressure from growing inventories of unsold vehicles.
- As of last year：
- China supplied over 60% of the world’s battery components.
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