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

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 become the largest car market on the planet, but in some cases, share expertise as well, all as part of an effort to create a rising tide for Chinese…

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from The Verge – All Posts