What may be obvious here is that if China has protectionist arrangements barring foreign companies from doing business unless they pass stringent JV conditions, it cuts them off. So softening the restrictions means more electric car companies can do business in China.
But by removing these barriers, it is also more likely that Chinese products will be deemed acceptable to foreign markets as well. So I wonder if this is a shrewd move to open the door to allow cheap E cars from China into the US markets.
Someone on this board will be the first to drive a Jinbo. Who is it going to be?
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