China wants its EV makers to safeguard technology at home, Bloomberg says

Even as China builds out its EV infrastructure around the world, to sidestep harsh tariffs on Chinese exports, the country is urging its domestic electric vehicle companies to export so-called knock-down kits to their foreign plants.” writes Bloomberg. This measure by the government would require vehicle makers produce “key parts of a vehicle ” in China and then send them ” for final assembly in their destination market,” added Bloomberg’s Linda Lew. companies that may be ipacted by this include: Nio (NIO), Li Auto LI(LI), BYD (BYDDF) , Canoo (GOEV) Nikola (NKLA) XPeng (XPEV) and Tesla (TSLA) .