China halts ban on foreign-owned factories, Honda announces an EV factory in China
You could argue that the quietest business week in the Western world is that week between Christmas and New Year’s, and into that nebulous, boozy, cheese-filled week of relative silence was lobbed news that China has lifted its decades-old ban on foreign ownership of Chinese car factories. Tesla already owned their Chinese factory, so it seemed like business as usual – until Honda announced plans to build a massive EV factory in China.
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