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EU car makers in China usually aren't. They're usually set up as joint ventures, so they're 50% EU and 50% Chinese car makers.
by qiqitori 2y ago
EU car makers in China usually aren't. They're usually set up as joint ventures, so they're 50% EU and 50% Chinese car makers.
- constantcrying 2y agoYes, and this means the EU companies can't profit?
- lossolo 2y agoIn December 2020, Volkswagen gained majority control of its Chinese joint venture JAC-VW, controlling 75% of its Chinese business operation. Joint venture is a choice currently not a requirement. Tesla is also free of it.
- deepfriedchokes 2y agoThe technology transfer already happened. They don’t need the joint venture anymore.
- DiogenesKynikos 2y agoVW maintained its technological lead over Chinese competitors in internal combustion engines for decades, despite JV and tech transfer agreements. The tech transfer is much less significant than you seem to think.