China Urges Automakers to Keep EV Technology at Home Amid Global Expansion

China is urging its car manufacturers to maintain control over advanced electric vehicle technology within the country, even as these companies establish factories globally. The government is encouraging the use of knock-down kits, where major vehicle components are made in China and then shipped for final assembly elsewhere. This advice was given during a meeting with automakers, where they were also advised against investing in India`s auto industry. While Chinese companies aim to avoid tariffs and expand their market presence, the government`s directive seeks to protect its EV industry`s expertise and manage potential risks. This approach could impact Chinese automakers` global expansion plans and potentially affect European nations hoping to benefit economically from these companies` presence.