PrivacyThe Driveabout 1 hour ago
Chinese Tech Ban May Raise New Car Prices
3 min read
A Senate committee approved a bill banning manufacturers over 15% owned by Chinese entities from the U.S. market. Another measure targets Chinese-made components in cars sold in the U.S., pushing Polestar to exit. Ohio startup Eagle Wireless produces costlier parts, with modules 5% to 15% more expensive than Chinese equivalents. The average new car price hit $49,456 in May.
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