U.S. may ban Chinese and Russian autonomous vehicles technology, Nikkei says

The United States Commerce Department is looking to have technology that allows cars to communicate or aid in autonomous driving made in Russia and China prohibited, Yifan Yu from the Nikkei writes. “We’re issuing a proposed rule to address these new national security threats before suppliers, automakers and car components linked to China or Russia become commonplace and widespread in the U.S. automotive sector,” U.S. Secretary of Commerce Gina Raimondo said… Publicly traded companies in the space include: Aeva Technologies (AEVA) Indie Semiconductor (INDI) Innoviz Technologies (INVZ) AEye (LIDR)Aurora Innovation Intel (INTC)..

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & DisclosureReport an Issue