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The State Council: optimize the policy of foreign investment, and new energy vehicles enjoy the same market treatment.

2024-09-17 Update From: AutoBeta autobeta NAV: AutoBeta > News >

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Under the background that the global automobile industry is in a cold winter, China further promotes the opening up of the automobile industry to the outside world, which is highly expected by foreign-funded enterprises, which will become a historic opportunity for the further upgrading of China's automobile industry. Opening to the outside world is also the basic national policy of our country. Foreign capital has played a unique and important role in China's economic development. To promote high-quality development and modernization, we must always attach great importance to the utilization of foreign capital.

All regions should ensure that new energy vehicles produced by domestic and foreign automobile manufacturers enjoy the same market access treatment, the State Council said today. We will revise the parallel management measures for the average fuel consumption of passenger car enterprises and the points of new energy vehicles, and allow points to be transferred between foreign-invested vehicle enterprises in China after consultation between the foreign side and the Chinese joint venture partners.

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According to the data of the China Automobile Association, the sales of new energy vehicles in China were in a downward trend in September, but the sales in the first three quarters were still in the stage of double-digit year-on-year growth, compared with important markets such as the United States, Europe, Japan and India. China's new energy vehicles are still in the stage of rapid growth, accounting for more than half of the total global sales of new energy vehicles.

With the entry of major foreign car enterprises and parts enterprises, allowing domestic and foreign car companies to compete more fairly on the same track will not only give more opportunities to independent brands with technological advantages, but also effectively promote local car companies to make progress in the competition.

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