The phase-out will unfurl in stages: Limits on foreign investment for companies building new energy vehicles, a term covering electric cars powered by batteries or fuel cells, will be removed this year. Limits on those building commercial vehicles and passenger cars will be lifted in 2020 and 2022, respectively. In five years, the commission says, no foreign car company will need to have a joint venture with a Chinese firm, which would sunset a restriction on the industry that has been in place since 1994. https://www.zerohedge.com/news/2018-04-17/china-will-abandon-barriers-foreign-automakers