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https://www.bloomberg.com/news/articles/2017-09-19/china-is-said-to-mull-lifting-foreign-ev-cap-in-free-trade-zones-j7resw2r https://www.bloomberg.com/news/arti
by csours 9y ago
https://www.bloomberg.com/news/articles/2017-09-19/china-is-said-to-mull-lifting-foreign-ev-cap-in-free-trade-zones-j7resw2r https://www.bloomberg.com/news/articles/2017-09-19/china-is-...
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.
- sergers 9y agohttps://www.gurufocus.com/news/570567/what-general-motors-has-up-its-sleeve-as-china-goes-electric https://www.gurufocus.com/news/570567/what-general-motors-ha... "By the end of 2020, the company will be selling 10 new electric vehicles. Barra commented:" “By 2025, nearly all models from GM’s global brands in China – Buick, Cadillac and Chevrolet – will offer electrification technology. To support GM’s growing NEV fleet planned for China; its SAIC-GM joint venture is opening a new battery assembly plant in Shanghai this year.”
- csours 9y agoElectrification = some kind of hybrid, or battery electric vehicle. In some contexts, this can include 48v mild hybrids, but I don't know about China.
- fragsworth 9y ago> Currently, all outside automakers (GM, BMW, Volkswagen, Toyota, etc, etc) must have a Chinese partner with at least a 50% stake. I think non-Chinese governments should start fighting back on this. It's kinda messed up that Chinese companies can do unlimited business in the U.S. and Europe but then when we have a business that might sell to China, they take more than half the profits.
- lafar6502 9y agoAnd why we don’t have chinese car dealers? They don’t know that they can do unlimited business?
- meddlepal 9y agoWasn't this a big point of the TPP? To even the playing field. Instead we went the other direction.
- princeb 9y agoshort answer: no, China was not a partner to the TPP. long answer: getting a multilateral trade agreement with nearly all of China's trade partners in Asia-Pacific will influence trade standards in China, but not to the extent that China will do anything about this JV requirement.
- gok 9y agoChina’s exclusion was in fact a point of TPP. The other members would have had a better shot at being able to enforce rules that China ignores (state aid, intellectual property, etc).
- fragsworth 9y agoChina was not a party in the TPP.
- sergers 9y agoChina kind of has the leverage here... Everyone wants a piece of the presumed cash cow of the huge moderately untapped market of China. China can dictate the access to this market. US cannot do the opposite, where would the US consumer find many made in china electronics and other items for cheap.. china is already entrenched in western markets
- jeffdavis 9y agoThe only thing worse than a trade war is a one-sided trade war. Disclaimer: I know nothing about international trade policy.
- roryisok 9y agoThanks for the non daily mail link. That paper is the original brietbart news
- philbarr 9y agoIf we could avoid Daily Mail links altogether that would be good.
- roryisok 9y agothat would be great. tempted to write an extension which flags them automatically on HN edit: By "flag" I mean "highlight them on the client side". Not talking about writing code to automatically downvote or report things.
- 201709User 9y agoIt's good to venture outside of bubble sometimes.