Foreign media: China delays approval of electric vehicle manufacturers' investment plans in Latin America. Reuters cited sources reporting that amid the U.S. imposing new tariffs, which have triggered global trade and economic uncertainties, China has delayed the approval of factory establishment plans in Latin America due to factors including "technical transfer risks." In February this year, a well-known Chinese automaker reached an agreement with French Renault to use Renault's production facilities in Brazil and hold a minority stake in Renault's operations in the country. Another electric vehicle manufacturer announced as early as 2023 its plan to build a factory in Mexico and stated it would announce the site selection results before the end of 2024. However, the approval process for both projects has been slower than expected. Sources revealed that relevant authorities have informed both carmakers about "technical transfer risks" related to these projects, but did not provide further details. Another automotive industry association official noted in communication with enterprises that U.S. President Trump's recent introduction of new tariff policies against China has made the global trade environment more complex, increasing risks and uncertainty over returns for enterprises investing overseas. Other sources added that while Beijing has not completely halted the approval of automakers' overseas investments, the approval process has become stricter. Enterprises need to submit more materials, and the review period has been extended. As early as March, the Financial Times cited sources reporting that China is delaying the approval of the Mexico factory plan due to concerns that the developed electric vehicle technology might leak to the United States. Due to the imposition of tariffs on Chinese exports by markets such as Europe, Chinese automakers have increased their overseas factory construction plans in recent years to avoid tariffs. Original article: https://www.toutiao.com/article/1829181192686659/ Disclaimer: The article only represents the views of the author.