specializing in the research, development and production of automotive rearview mirrors.
New Energy Automobile Stock Ratio Restriction Officially
One month ago (June 28), the State Development and Reform Commission and the Ministry of Commerce issued the Special Administrative Measures for Foreign Investment Access (Negative List) (2018 Edition). One month later (July 28), the negative list was formally implemented. At the same time, the Special Administrative Measures for Foreign Investment Access (Negative List of Foreign Investment Access) in the Catalogue of Guidance for Foreign Investment Industries (Revised in 2017) was implemented. ) Abolition. The negative list of the 2018 edition has been reduced from 63 articles to 48 articles. Opening measures have been put forward in 22 areas. First, the opening of service industry has been greatly expanded; second, manufacturing industry has been basically liberalized; and third, access to agriculture and energy resources has been relaxed. In the field of automobile manufacturing, on July 28, the restrictions on foreign capital share ratios of special vehicles and new energy vehicles were abolished, the restrictions on foreign capital share ratios of commercial vehicles were abolished in 2020, the restrictions on foreign capital share ratios of passenger vehicles were abolished in 2022 and the restrictions on joint ventures not exceeding two companies were abolished, which basically coincided with the opening schedule of the automobile joint venture share ratios issued by the NDRC. Special purpose vehicles and new energy vehicles have become the pioneers in expanding the opening up of China's automotive industry since the fortieth anniversary of the reform and opening up of China. Special purpose vehicles and new energy vehicles have become the pioneers in expanding the opening up of China's automotive industry. Some analysis points out that from the order of the whole stock ratio restriction, we can find that the cancellation of the restriction on the stock ratio of joint ventures in the automotive industry is actually from strong to weak. Choosing the special vehicle market and the new energy vehicle market as the breakthrough point is to start the reform from the strong side. According to public data, in 2017, China's production of special purpose vehicles was 1.6 million, an increase of 38.7% compared with the same period, while the overall production of automobile market in China was 28.12 million, an increase of only 3.2% compared with the same period. At present, the market is mainly in the hands of state-owned enterprise groups such as FAW Group, Dongfeng Automobile, China Heavy Truck and so on. Foreign-funded enterprises are relatively at a disadvantage in this field. Therefore, starting from the subdivision market of special vehicles, we can not only relax the restriction of joint venture share ratio, but also gradually open the pace of the whole industry to relax the restriction of joint venture share ratio.