23 min
Legal Issues Surrounding China's Self-Driving Cars - Mark Schaub, KWM China Law Podcast
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- Business
The self-driving revolution is underway. Carmakers around the world are planning to have fully autonomous vehicles on the road by 2030. In China alone, it is estimated that there will be more than eight million autonomous vehicles on the roads by 2035. In this episode, Mark Schaub discusses the opportunities for foreign carmakers in China, how autonomous vehicles and national security are linked, the emergence of self-driving car fleets, and more.
Mark Schaub is a London-based senior partner at King & Wood Mallesons who specializes in cross border M&A, intellectual property, and private equity investment in China. Mark was the first foreign lawyer to join the firm in 2000 and his work now mainly focuses on foreign investment in China’s emerging high-tech sectors including fintech, blockchain and autonomous vehicles.
The China Law Podcast is a weekly podcast exploring China’s business and financial sectors from a legal perspective. Hosted by Vincent Chow, a reporter at China Law & Practice.
Episode outline:
01:23 State of China's autonomous cars sector and new development strategy
04:25 Overcoming foreign investment restrictions through JVs with local partners
07:59 China's mapping restrictions because of national security concerns
09:06 Cybersecurity concerns surrounding autonomous cars
13:43 China's approach to liability and insurance issues
16:44 Trade war impact on carmakers in China and Chinese access to foreign technology
19:15 What to expect from regulators in next five years
The self-driving revolution is underway. Carmakers around the world are planning to have fully autonomous vehicles on the road by 2030. In China alone, it is estimated that there will be more than eight million autonomous vehicles on the roads by 2035. In this episode, Mark Schaub discusses the opportunities for foreign carmakers in China, how autonomous vehicles and national security are linked, the emergence of self-driving car fleets, and more.
Mark Schaub is a London-based senior partner at King & Wood Mallesons who specializes in cross border M&A, intellectual property, and private equity investment in China. Mark was the first foreign lawyer to join the firm in 2000 and his work now mainly focuses on foreign investment in China’s emerging high-tech sectors including fintech, blockchain and autonomous vehicles.
The China Law Podcast is a weekly podcast exploring China’s business and financial sectors from a legal perspective. Hosted by Vincent Chow, a reporter at China Law & Practice.
Episode outline:
01:23 State of China's autonomous cars sector and new development strategy
04:25 Overcoming foreign investment restrictions through JVs with local partners
07:59 China's mapping restrictions because of national security concerns
09:06 Cybersecurity concerns surrounding autonomous cars
13:43 China's approach to liability and insurance issues
16:44 Trade war impact on carmakers in China and Chinese access to foreign technology
19:15 What to expect from regulators in next five years
23 min