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China targets 35M vehicle sales by 2025; JV rules will be loosened

China is targeting 35 million vehicle sales by 2025 and wants new energy vehicles to make up at least one-fifth of the total. Meanwhile, the government said it would loosen foreign JV regulations.

China's numerous green-car startups to dwindle to 2-3 in 5 years, exec says

Of dozens of startup electric car makers in China, only two or three will be around in five years' time, the chief of Nio told Reuters on Thursday.

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