In more recent news, China may allow foreign automakers to set up EV brands/manufacturing without having a local Joint Venture Partner.
Currently, all outside automakers (GM, BMW, Volkswagen, Toyota, etc, etc) must have a Chinese partner with at least a 50% stake.
It will be interesting to see if this comes to pass, and how the foreign firms play it: ie, will GM choose Buick or Cadillac to be the EV brand in China?
Disclaimer: I work for GM, but not on anything related to China.
In more recent news, China may allow foreign automakers to set up EV brands/manufacturing without having a local Joint Venture Partner.
Currently, all outside automakers (GM, BMW, Volkswagen, Toyota, etc, etc) must have a Chinese partner with at least a 50% stake.
It will be interesting to see if this comes to pass, and how the foreign firms play it: ie, will GM choose Buick or Cadillac to be the EV brand in China?
Disclaimer: I work for GM, but not on anything related to China.