Europe’s bet on Chinese EV joint ventures may be solving yesterday’s problem

Shocked by China’s surge in electric vehicles (EVs) following the pandemic, European politicians have since pushed Chinese carmakers to set up joint ventures on the continent and transfer technology to their Western peers.
The demand is so familiar it has been coined “Reverse Deng Xiaoping”, echoing what Beijing required of European carmakers decades ago.

But one industry veteran told the South China Morning Post that Europe may be getting exactly what it once gave: not the crown jewels, but a...