From Yahoo Finance: 2025-05-27 13:06:00

The U.S. warns Pirelli about potential restrictions on sales of vehicles with data-collecting tech due to influence from Chinese investor. Pirelli declines to comment, U.S. Commerce Department unavailable for comment. Pirelli’s Cyber Tyres allow real-time data transfer to vehicles, but U.S. cracking down on Chinese tech in automotive industry.

Letter dated April 25 from U.S. Commerce Department advises Pirelli that automakers using Cyber Tyre technology may need specific authorization to sell in the U.S. Pirelli and second-largest investor Camfin dispute with Sinochem over governance, hindering business expansion in the U.S. Pirelli makes 25% of revenue in North America.

CEO Andrea Casaluci states Pirelli in a risky situation after Sinochem rejects proposal to solve governance issues. Pirelli serves North America through plants in Mexico, South America, Europe, and smaller facility in Georgia. U.S. ban on Chinese tech in connected vehicles takes effect in 2027 for software, 2029 for hardware.

Read more: U.S. warns Pirelli on possible sale restrictions over Chinese investors, Bloomberg says