DETROIT: US President Donald Trump’s threat to block Chinese investment in US companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and related services, from Tesla Inc to dozens of Silicon Valley startups.
Chinese companies in the past five years have funded at least 80 US transportation startups, with a combined valuation of more than US$100bil (RM404.50bil), while also pouring billions into established firms such as Tesla, according to a Reuters analysis of publicly available data.