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Trade war and safety concerns take centre stage at Shanghai auto show

The Shanghai Auto Show, a significant event in the global automotive industry, has been overshadowed by concerns over a potential trade war and safety issues within the Chinese market. The show, which resumed after a four-year hiatus due to the global health crisis, has seen a notable decrease in attendance from Western automakers, attributed to escalating geopolitical tensions between China and the West. These tensions are fueled by ongoing trade disputes and China's recent ban on purchases of vehicles from Western manufacturers for government use. Additionally, the event has been marred by safety concerns following a fatal accident involving a Nio vehicle, prompting discussions about the safety standards of electric vehicles in China. Amidst these challenges, Chinese automakers are using the platform to showcase their advancements in electric vehicle technology, aiming to capture a larger share of the domestic and international markets.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/trade-war-and-safety-concerns-take-centre-stage-at-shanghai-auto-show/ar-AA1DqRat ]