BYD Auto Co.
Once an industry joke, electric buses start to dent oil demandApril 24
China to scrap foreign ownership caps on automakers by 2022April 17
The move is a major policy shift that will open the market wider to automakers such as Nissan and Tesla. It comes amid a trade standoff between Washington and Beijing, and signals the end of a 1994 rule in the biggest auto market that limits foreign automakers to a 50 percent share of any local venture.