Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

China to set assessment measures to regulate data sent abroad by cars

Published 10/11/2021, 03:18 AM
Updated 10/11/2021, 03:20 AM
© Reuters. FILE PHOTO: A Tesla electric vehicle (EV) drives past a crossing in Shanghai, China March 9, 2021.  REUTERS/Aly Song

BEIJING (Reuters) - China, the world's biggest auto market, said on Monday it will roll out assessment measures to regulate data sent abroad by vehicles, as the country steps up efforts to protect data and privacy.

As cars become 'smarter' with more in-car entertainment, information and autonomous driving functions, automakers and tech companies are gathering more data from vehicles, raising privacy and security concerns.

China's Ministry of Industry and Information Technology did not offer details about how the assessment would be done. According to current rules, auto companies cannot export key vehicle data abroad unless they obtain approval from regulators.

The ministry said regulators will improve monitoring of vehicle data security and encourage telecommunication companies to invest more in cyber security technologies.

© Reuters. FILE PHOTO: A Tesla electric vehicle (EV) drives past a crossing in Shanghai, China March 9, 2021.  REUTERS/Aly Song

The move comes amid China's push to ensure the security of data as the proliferation of smart cars, such as Tesla (NASDAQ:TSLA) electric vehicles, fuels concern about national security, in line with its broader aim to tighten policies around privacy.

Beijing has been increasingly concerned over the mountains of data amassed by private firms and whether such information could be attacked or misused, especially by foreign states. It recently implemented a new data security law and is tightening up oversight in other related areas.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.