Earlier this year China announced it was relaxing rules around foreign Joint Ventures [JV] in China. Previously, foreign firms had been restricted to a 50/ 50 share. Among the first of the foreign firms to take advantage of this were the German automotive maker giants BMW and VW . Earlier BMW had moved to takeContinue reading “Volkswagen strengthens its Commitment to New Energy Vehicles in China”
China plans to further boost sales of new energy vehicles (NEVs) and intelligent connected vehicles (ICVs) to push for green and smart growth of the world’s largest automobile market.