Business

China Takes Aim at Reputation for Cheap Exports With EV Permits

By Bloomberg News

Copyright financialpost

China Takes Aim at Reputation for Cheap Exports With EV Permits

It’s also unclear how the move might affect business for Western automakers, which export EVs from plants they operate in China. BMW AG, which is producing electric Mini Cooper and Aceman models in China for Europe with its partner Great Wall Motor Co., has said that as a foreign manufacturer, it has always had to apply for export licenses. It doesn’t expect a restriction to its business in the country.