Recharged

17 April 2018 By Pete Sweeney Follow @petesweeneypro

Beijing has set deadlines to lift JV rules for foreign automakers. Ford and Daimler will be pleased, but Elon Musk’s embattled $50 bln electric-car maker should benefit most. Freed to enter the biggest market without having to share technology, Tesla’s risky strategy may pay off.

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China's National Development and Reform Commission said on April 17 the country would scrap foreign ownership limits on electric-car manufacturers by 2018 and for trucks and buses by 2020.

China also will end similar requirements for shipping and aircraft in 2018, the state planner said, and intends to lift restrictions on traditional passenger vehicles by 2022.

All foreign auto brands are currently required to build factories in 50-50 joint ventures with domestic companies. They cannot establish wholly-owned production facilities. China also imposes 25 percent tariffs on vehicles imported from abroad, although the government has said it would lower these duties.

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