Shanghai has reportedly compiled a list of data that can be transferred overseas by companies registered in the city’s free-trade Lingang Area, including EV giant Tesla Inc (NASDAQ:TSLA), without further security assessments.
What Happened: Shanghai has now allowed transferring certain data without needing further security assessments for companies registered in the city’s free-trade Lingang area under a one-year pilot project, Reuters reported, citing a government document.
Tesla’s Shanghai gigafactory is also located within this area.
The permit allows for ordinary data transfer in the fields of intelligent and connected vehicles, mutual funds, and biomedicine. The data that can be transferred for the auto sector include information involving manufacturing such as procurement and stockpile, research and development including auto design and tests, after-sales services, and used car ...