"China Urges EV Manufacturers to Prioritize Local Chip Purchases Amid Escalating US Tensions"

In response to escalating tensions with the US, the Chinese government has urged electric vehicle manufacturers like BYD and Geely to increase their purchases from local auto chipmakers, aiming to reduce reliance on Western imports and bolster China's semiconductor industry. The Ministry of Industry and Information Technology has set a goal for automakers to source a fifth of their chips locally by 2025, but is reportedly dissatisfied with the current pace of progress.