China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.

China rushes to swap Western tech with domestic options as U.S. cracks down::China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival, according to government tenders, research documents and four people familiar with the matter.

  • Dark ArcAEnglish
    2•8 months ago

    BYD actively sells electric busses in the US. There was never a sanction to stop BYD or NIO (to my knowledge).

    https://www.reuters.com/article/us-wiki-buffett-byd/special-report-warren-buffetts-china-car-deal-could-backfire-idUSTRE72848X20110309

    But diplomatic cables revealed by WikiLeaks and provided to Reuters by a third party, as well as interviews with industry consultants and executives who have examined the company’s operations, raise a number of questions about the fledgling carmaker. Among other things, they describe a record of stealing designs from rivals, using those savings to undercut competitors on price and scrimping on safety.

    And oh… There’s that