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The Chinese auto market is relatively healthy. Foreign automakers in China have had only one major challenge: how to ramp up electrified vehicle output. Now they have another headache.
Didi Chuxing, the Chinese ride-hailing giant, is partnering with 31 auto industry companies to develop models for shared mobility and new standards for electrified vehicles.
The Chinese government will phase out restrictions on foreign ownership of joint ventures with domestic automakers. But a complete separation will be hard for nearly all global brands that manufacture in China.
A complete separation will be hard for some global brands that manufacture in China, and it may not be desirable for major global automakers such as General Motors.
It's probably unrealistic to expect imports to account for a sizable portion of vehicle sales in China.
GM, Toyota, Honda, Geely and Great Wall have all had good starts to the year in China, posting strong sales in January. But the automaker best positioned for robust growth in 2018 is VW.
What led Guangzhou Automobile Group to announce plans last week to enter the U.S. market, widely viewed as the world's toughest?
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