Logo 17 May 2024

Beijing asks autos to buy Chinese chips

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Beijing is taking steps to secure China's auto supply chain. 
The industrial regulator (MIIT) has reportedly asked Chinese automakers to increase their purchases of local chips from 10% to 20-25% by 2025 (Nikkei). 
The automakers include:

SAIC Motor 
BYD
Dongfeng Motor
GAC Motor
FAW Group

Acc...