Red tape is frustrating the efforts of Big Tech in China to launch electric vehicles, with car rollouts from search giant Baidu, smartphone maker Xiaomi and ride-hailing group Didi all being stalled.
A stricter licensing regime is impacting the tech groups that have been latecomers to China’s EV boom. They are having difficulty securing regulatory approvals to begin making and selling their debut cars, according to six people close to the companies.
“We have hundreds of engineers waiting around doing nothing,” said a staffer at one of the companies.
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