Tesla Isn't Ready to Thrive in China's Embrace
The structure of the electric-car market means that it needs a local partner.
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The world's biggest champion of clean-energy vehicles has opened its arms to embattled electric-car maker Tesla Inc. Or so it seems.
Beijing is removing caps on foreign ownership of automaker ventures, widening access to its critically important, high-margin car market. The limits will be rescinded over five years, with restrictions on electric cars to go this year.