Replies to post #184477 on JB and ZJMY Holding Co (JBZY)

[Grambo4]

I don't think it's going to affect much of anything. The companies that are already partnered with a Chinese manufacturer all say they want to stay with that partner even after the policy change because it's advantages to them to do so at this point.

The Chinese no longer care because they have gleaned all the technology and processes from American, as well as other manufacturers around the world from these forced partnerships, and in many aspects have now surpassed their foreign competitors (i.e. better battery technology, swapping stations, etc.) China is now going to dominate the car industry with their distruptive technologies so they no longer need these partnerships to compete, and so are using this as an opportunity for concessions to the US and president Trump because it no longer is needed by them IMO.

[r2g2]

"China to scrap foreign auto ownership
limits by 2022"
https://www.reuters.com/article/us-china-autos-regulation/china-to-scrap-foreign-auto-ownership-limits-by-2022-idUSKBN1HO0YA

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?