Restrictions lifted after meeting data security requirements (Il Sole 24 Ore Radiocor) - New York, 29 Apr - Shares in Tesla rose more than 11% in premarket trade after the electric vehicle maker said local Chinese authorities had lifted restrictions on its cars after meeting the country's data security requirements.

The news pointed to China giving a green light for Tesla to roll out its advanced driver-assistance service in what is the group's second-biggest market.

According to the Wall Street Journal, citing people familiar with the matter, Chinese officials told Tesla Beijing had tentatively approved the company's plan to launch its 'Full Self-Driving,' or FSD, software feature in the country.

Tesla will deploy its autonomous driving services based on mapping and navigation functions provided by Chinese technology giant Baidu, the people told the WSJ.

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(RADIOCOR) 29-04-24 14:09:47 (0363) 5 NNNN