Tesla (TSLA) to break into Chinese market with new joint venture with Zhongji Ming Yang New Energy Technology Co trading as Dolat Ventures (DOLV) on the US OTC markets.
Why A Chinese Factory Could Be Value Accretive For Tesla
$JBZY $TSLA Foreign automakers are required to form joint ventures with local manufacturers if they want to produce vehicles in China, in order to avoid the country’s 25% import duties. These JV arrangements entail that companies share profits, and potentially some of their intellectual property, with their local partners