China

New rules on making cars in China could help Tesla - or give it even more to worry about

6 days ago   |   By The Verge

The Chinese government announced today that it plans to change the rules for foreign car manufacturers that want to make vehicles in the country. It's a major shift in the larger landscape for American, Asian, and European automakers. It's also one that could benefit Tesla - though maybe not without burdening the company, which is already stretched thin as it tries to crank out Model 3s here in the United States.
Until now, foreign automakers were not allowed to own more than 50 percent of manufacturing efforts on Chinese soil. This forced automakers to not only share profits in what has...
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Tesla might have just won a victory in China - but it will be expensive

Tesla might have just won a victory in China - but it will be expensive

6 days ago   |   By Business Insider

China is easing a decades-old rule governing auto manufacturing by foreign companies in the country and Tesla could benefit in a big way.
Electric carmakers will see the rule changed this year.
That move benefits Tesla , but the company still has to find the money to invest in a new factory.
Since the 1990s, China has required foreign automakers to engage in joint-ventures with Chinese companies in order to sell US-badged vehicles in the Middle Kingdom.
No JV and you pay a 25% import tax. The most prominent, JV-less US automaker that has to pay the tax is Tesla , which has a single...
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China's relaxed rules on foreign car makers are good news for EVs

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

6 days ago   |   By Engadget

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...
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