The Chinese government is calling on the country's carmakers to source up to 25% of the chips locally by next year, the Financial Times reported, citing people familiar with the matter.
According to the sources, China's Ministry of Industry and Information Technology asked companies such as SAIC Motor, BYD, Dongfeng Motor, GAC Motor and FAW Group to increase the percentage of locally used chips to between 20% and 25% by 2025 and then boost it even more later, eventually using only Chinese-made chips.
Meanwhile, Nikkei reported that Beijing is also urging carmakers to increase the use of other local components, including electronic control units and displays.
