> It's not just car companies but foreigners cannot own the majority of ANY company. That was the case decades ago, but it hasn't been the case for a long time

> It's not just car companies but foreigners cannot own the majority of ANY company. That was the case decades ago, but it hasn't been the case for a long time. For several decades, China has been progressively removing ownership restrictions from different sectors of the economy. It removed restrictions on auto parts in 1993. It removed restrictions on automobiles last year. Foreigners can actually own majority stakes in most sectors now. Tesla is an example of this. They do not operate as a joint venture in China.