Chinese EV Stocks Alert: U.S. Opens Investigation Into Chinese Automakers

The U.S. government is doubling down on its mission to curb China’s attempts to spy on Americans. In January 2024, U.S. Secretary of Commerce Gina Raimondo raised concerns about Chinese electric vehicles (EVs) having the ability to harvest American data. Now, President Joe Biden and his administration are launching an investigation into the national security risk that Chinese EVs may pose.Most of China’s EV producers don’t currently sell in the U.S. due to high import tariffs. But if the investigation turns ...