China Urges EV Makers To Keep Key Tech at Home

Chinese authorities have asked local carmaking companies to make sure key electric vehicle technology stays home even as they expand their manufacturing capacity across the world. The government is recommending carmakers to produce the key parts of the cars domestically and then export the so-called knock-down kits to the factories abroad where the vehicles would be assembled, Bloomberg reported earlier today, citing unnamed sources in the know. Chinese EV makers do indeed have ambitious expansion plans as the domestic market becomes too small…