China’s state-run research center responsible for helping the government draft automotive policy said it recommended that electric vehicle manufacturing be opened to companies other than carmakers, Bloomberg reported. The China Automotive Technology and Research Center proposed the issuance of two to three special licences for EV manufacturing, which would pave the way for the likes of auto-parts maker Wanxiang Group to build cars to challenge Tesla (TSLA.NASDAQ). The recommendations will be circulated among industry regulators for discussion before submission to the State Council, with approval expected as soon as this year.
China Economic Review