Chinese government intends to liberalize foreign shares in new energy vehicles
ANBOUND
On 26 October, a number of independent sources close to the government confirmed that the Chinese government intends to liberalize foreign shares in the field of new energy vehicles, and tend to take the lead in the free trade areas. The government may introduce the relevant rules in the second half of next year. If the restrictions on the policy are to relax, it is conducive to Tesla and other companies to produce electric cars in China. Whether Tesla will be setting up factories in Shanghai Free Trade Zone, or in the future the new free trade area negative list will be relevantly adjusted, all these will indicate the future development.