U.S. President Donald Trump’s threat to block Chinese investment in U.S. companies could be trouble for a number of American automotive and technology companies using Chinese funds to develop electric and self-driving cars and related services, from Tesla Inc to dozens of Silicon Valley startups.
Chinese companies in the past five years have funded at least 80 U.S. transportation startups, with a combined valuation of more than $100 billion, while also pouring billions into established firms such as Tesla, according to a Reuters analysis of publicly available data.
