MotorBiscuit recently reported that the proposed legislation could prevent certain automakers with at least 15% Chinese ownership from selling vehicles in the country. Mercedes-Benz says that China’s BAIC Group currently holds 9.98% of the company’s voting rights, making it Mercedes-Benz Group AG’s largest individual shareholder. In addition, Chinese billionaire Li Shufu (who also owns Geely) holds an equity interest of 9.69% in Mercedes-Benz Group through Tenaciou3 Prospect Investment Limited. Polestar Gets Banned From Selling Cars in the U.S.One brand that recently got banned from selling cars in the U.S. is Polestar. New connected-vehicle security rules prohibit connected vehicles with Chinese software from being sold in the U.S. from 2027.