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Those are all JVs, Tesla is the only foreign auto company in China that isn’t part of a 51-49 JV. Europe would probably require china to reciprocate if they wan
by seanmcdirmid 3y ago
Those are all JVs, Tesla is the only foreign auto company in China that isn’t part of a 51-49 JV. Europe would probably require china to reciprocate if they wanted to start exporting cars made in China into Europe (since China didn’t import many cars made in Europe in the first place).
- wenyuanyu 3y agoFuture automotive joint ventures (JVs) in China will cease following the completion of existing contract term. China is lifting all foreign investment restrictions in all its manufacturing sector this year[0][1]. [0] https://www.jdsupra.com/legalnews/china-to-remove-all-restrictions-on-7221095 https://www.jdsupra.com/legalnews/china-to-remove-all-restri... [1] https://www.scmp.com/economy/china-economy/article/3254259/chinas-two-sessions-2024-did-premiers-speech-move-needle-foreign-private-business https://www.scmp.com/economy/china-economy/article/3254259/c...
- seanmcdirmid 3y agoNot sure why you were downvoted, but that's great. The JV structure no longer benefits china, However, China should still expect blowback from having their economy protected for so long.