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On May 17th, the Lingang New Area Management Committee of the China (Shanghai) Pilot Free Trade Zone released the first batch of national cross-border scenario general data lists and supporting operation guidelines, including intelligent connected vehicles, public funds, and biopharmaceuticals. The data related to the intelligent connected vehicle industry includes manufacturing information such as procurement and inventory, research and development information such as automotive design and testing, after-sales service information, and second-hand car sales information. The latest released document shows that in a one-year pilot project, companies registered in the Shanghai Free Trade Port Area where Tesla's Shanghai factory is located can transfer listed data overseas without further security assessments. This is the latest measure by China to further attract foreign investment.
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