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A Bill Taking Aim At Chinese Cars In America Just Advanced In The Senate. It Could Hit Mercedes Too
['Rob Stumpf']
InsideEVs
A bill that would ban automakers with more than 15% stake by Chinese entities has progressed in the Senate.
Bipartisan legislation that would bar automakers with more than 15% ownership by Chinese entities from selling cars in the U.S. made it out of the U.S. Senate Commerce Committee on Wednesday.
Mercedes-Benz is one of those brands, as Chinese automaker BAIC and the founder of Geely, Li Shufu, both own nearly 10% of the company.
Combined, Chinese entities own nearly 20% of the German automaker.
Lawmakers say that connected cars could collect sensitive data that poses a threat to national security if transmitted outside of U.S. borders.