According to US media, China may be the world’s factory, but it has never been a big auto exporter. Now China hopes to change that with electric cars. According to the report of the Wall Street Journal on March 3, the joint venture between Tesla Motor Co., Ltd. and BMW Motor Co., Ltd. in China will start to sell the multi-purpose electric vehicles in China from BMW model 23 to China’s national sports partner in October. According to the report, China is the world’s largest auto market, with sales of about 25 million vehicles in 2019, but China only exported about 1 million vehicles last year, mainly to developing countries. Most Chinese brands are not well known in developed markets, and foreign auto companies use their Chinese factories to make cars that are mainly sold to the local market rather than exported. It is a good omen for China that foreign auto companies begin to regard China as the export hub of electric vehicles. According to the report, relaxing restrictions on foreign auto companies in China has had an effect. For a long time, foreign auto companies have to establish joint ventures with Chinese partners and share profits before they can make cars in China. In 2018, such provisions for electric vehicles will be abolished; in 2022, such provisions for other types of vehicles will also be abolished. According to the report, Tesla has made use of this policy adjustment to become the first foreign auto company to own a wholly-owned factory in China, and began to deliver cars produced in its Shanghai plant this year. Similarly, BMW plans to increase its stake in the joint venture with brilliance from 50% to 75% by 2022. Gaining more control and profits is likely to mean that BMW is also more willing to make cars in China for sale elsewhere. China slashed subsidies for electric vehicles last year, but introduced a credit trading system to encourage car companies to produce more electric vehicles. With generous subsidies and government procurement, China’s first mover advantage in the electric vehicle market has gathered a number of suppliers, according to the report. China has been the world’s largest electric vehicle market for many years in a row, although Europe may temporarily take it away this year with supportive policies. < / P > < p > China has some of the largest manufacturers of electric vehicle batteries. Tesla, for example, used cobalt free batteries from Ningde times new energy technology to reduce the cost of some of its cars made in Shanghai. Volkswagen this year paid $1.2 billion for a 26% stake in GuoXuan high tech, a Chinese battery maker. Major battery manufacturers in South Korea and Japan also have factories in China. < / P > < p > of course, it is still in a very early stage. Electric vehicles account for a small proportion of global car sales. Global automakers’ export plans may not have much impact in the short term. Europe is also trying to catch up in battery manufacturing. Tesla will also build a plant in Berlin, which means the plan to export from Shanghai may be temporary. However, the report points out that different from the era of internal combustion engines, China has a real chance to become a heavyweight player in the export market of electric vehicles. IPhone 12 whole family barrel model exposed: it’s a tribute to iPhone 4