In the past few months, numerous global automakers have disclosed plans to let their Chinese joint ventures produce electric vehicles.
General Motors, Daimler AG, Suzuki Motor Corp., Volkwagen AG and Nissan Motor Co. all have said that they will build EVs in China.
Why are these companies jumping in? It's not to satisfy consumer demand for EVs. In fact, EV sales in China are virtually nonexistent.
The automakers are doing so because Beijing wants them to.
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