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View Full Version : To Expand Electric Car Production, China Lifts Restrictions on Foreign Automakers



EV Fan
04-19-2018, 05:53 PM
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The Volkswagen-JAC iEV7S concept

China said today that it would soon make it easier for foreign automakers to fully own auto factories in the country. China has long required major carmakers to partner with a Chinese firm before building a factory. The rules will be relaxed as soon as late 2018 for makers of electric vehicles—while companies producing conventional vehicles would continue to face ownership restrictions for about five years.
The shift is part of China’s efforts to accelerate the production and use of electric vehicles. China is already the world’s largest EV market, surpassing the United States in 2015. The government wants to put 7 million electric vehicles on its roads by 2025. Electric vehicles are among 10 key industries in Beijing’s “Made in China 2025” plan—intended to make the country more self-sufficient.
read more (http://www.plugincars.com/expand-electric-car-production-china-lifts-restrictions-foreign-automakers-133861.html)
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