China

China's Alibaba snags AI deal with Daimler, Audi, Volvo

Chinese online retailing giant Alibaba is partnering with global auto brands for the first time to supply artificial intelligence technology for home-to-vehicle connectivity in China.


China to scrap foreign ownership caps on automakers by 2022

The move is a major policy shift that will open the market wider to automakers such as Nissan and Tesla. It comes amid a trade standoff between Washington and Beijing, and signals the end of a 1994 rule in the biggest auto market that limits foreign automakers to a 50 percent share of any local venture.

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