China urges electric vehicle makers to buy local chips to reduce reliance on Western imports and boost domestic semiconductor industry.
China urges electric vehicle makers like BYD and Geely to buy local chips, as part of a campaign to reduce reliance on Western imports and boost China's domestic semiconductor industry. The Ministry of Industry and Information Technology has instructed carmakers to expand their buying of homegrown components and avoid foreign semiconductors. An informal target for automakers to source a fifth of their chips locally by 2025 was set, but has been deemed insufficient.
March 15, 2024
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