Saturday, April 20, 2024

China’s relaxed rules on foreign car makers are good news for EVs

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China is taking steps that could not only help ease trade tensions with the US, but help electric car manufacturers around the world. The country is phasing out rules that required foreign automakers to share factories and profits with local brands if they wanted to avoid a 25 percent tariff. EV companies will no longer have to find partnerships as of this year, while all other car manufacturers will be free of the requirement by 2022. There had been threats of instituting a similar s…
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