4 ms·

so, the Tesla subsidiary in china is 51% chinese owned?

• evancox100 5y ago
  No actually, I think Tesla is one of the few foreign companies who has been able to operate there without the JV requirement. Edit: backing this up with a link https://www.google.com/amp/s/www.forbes.com/sites/greggardner/2019/10/17/china-clears-tesla-to-begin-production-in-shanghai-plant/amp/ https://www.google.com/amp/s/www.forbes.com/sites/greggardne...
• thesausageking 5y ago
  Yes. All companies that operate in China have to be 51% domestically owned. Often they're setup so the parent company keeps all of the IP but as the Arm situation shows, that only gives the parent so much power.
  • jhugo 5y ago
    > All companies that operate in China have to be 51% domestically owned. this is not true - there is a type of legal entity called a Wholly Foreign Owned Enterprise (WFOE). It is only allowed for certain lines of business, of course, which wouldn't include anything of strategic importance to China.
  • PostThisTooFast 5y ago
    I thought they recently abolished this bullshit. China has been making a joke out of foreign entities for years with this blatant rip-off.