Chinese gov't urges EV firms to use domestically produced components

The Chinese government has instructed the country's electric vehicle manufacturers to use domestically produced components, including semiconductors, a diplomatic source said Sunday, amid a global chip shortage. The move appears to be aimed at limiting the access of companies from other nations such as Japan and the United States from the Chinese market, as the country strives to establish a self-contained supply chain for producing EVs, the source said. With China's EV market, which is the largest in the world, continuing to grow more competitive, the latest decision will likely affect Japane...