China is said to weigh opening up to foreign electric carmakers

China could completely revise its auto industry policy by opening up its free-trade zones to international electric car manufacturers.

BY BLOOMBERG NEWS

China is discussing a plan to allow foreign carmakers to set up wholly owned electric-vehicle businesses in its free-trade zones in a major revision of a fundamental principle governing the country’s auto industry policy since the 1990s, according to company officials briefed on the matter.

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