As we know China has already banned the world-famous Tesla Electric cars from its military and residential compounds. However, according to the latest sources, china is now gearing up to adopt more stringent measures to guard against Internet and data security risks posed by the development of intelligent vehicles.
According to the country’s officials, intelligent vehicles pose risks that involve the unauthorized collection of personal data. The government official also believes that the automobile industry regulators will be asked to conduct self-inspections on automobile data security, network security, and software upgrades.
“If regulatory measures cannot keep up in time, network security issues such as network attacks and network intrusions may post major security risks.”
according to sources, China’s sales of alternate-energy vehicles may go up to as much as 1.7 million in the initial eight months of 2021. this is over 10% of overall vehicles sales in China and the country’s ministry also believes that it is crucial to curb blind investments in China’s EV sector.
Sources also confirmed that China has been restricting redundant construction in the EV industry and the government has also planned a layout to enable the continuous supply of key raw materials required for EVs manufacturing such as lithium, cobalt, and nickel.
In terms of alternative-energy vehicles China is currently a world leader and the country is also the world’s biggest market, concerns surrounding over-investment and excessive capacity building are being raised.
Over 300 companies produce new-energy cars in China, and there are currently a total of 846 registered auto manufacturers. Also, the rapid growth of EV makers such as Tesla Inc., NIO Inc., and BYD Co. in China has been said to be a factor involved in the financial difficulties of the increasing number of EV businesses.
