1. Maybe partly, but 1B USD seems a lot to pay for that.
2. Self-driving is not going to happen in China the way it happens in the US. The roads are full of pedestrians, e-bikes, people breaking any sort of nominal rule or law... it's too accident prone. Plus you have the extra challenges of the politically accuracy-challenged navigation systems. No, I don't think this reason floats.
3. Maybe partly. Locking down stable long term CNY income via a one time USD investment seems like it could even be seen as long term corporate tax planning.
2. Self-driving is not going to happen in China the way it happens in the US. The roads are full of pedestrians, e-bikes, people breaking any sort of nominal rule or law... it's too accident prone. Plus you have the extra challenges of the politically accuracy-challenged navigation systems. No, I don't think this reason floats.
3. Maybe partly. Locking down stable long term CNY income via a one time USD investment seems like it could even be seen as long term corporate tax planning.