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  National Development and Reform Commission: formally liberalize the restrictions on the stock ratio of foreign investors in passenger car manufacturing

  On December 27, 2021, the National Development and Reform Commission and the Ministry of Commerce issued the Special Management measures for Foreign Investment access (negative list) (2021 edition) and the Free Trade pilot Zone (negative list) (2021 edition). Starting from January 1, 2022, China will abolish the restriction of foreign equity ratio in passenger car manufacturing and the establishment of only two or less car enterprises by the same foreign businessman.

  Formally relax the restrictions on the share ratio of joint ventures in passenger car manufacturing 2021-12-28
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  BMW announces completion of joint venture stock holding brilliance BMW 75%

  Germany's BMW officially announced that its joint venture brilliance BMW in China has obtained a new license, BMW's stake in brilliance has been officially increased from 50% to 75%, and partner brilliance continues to own 25% of brilliance BMW. BMW spent 3.7 billion euros to acquire a 25% stake, and BMW said it would complete the payment by Feb. 22, and from Feb. 11, BMW's interest in the company will be included in BMW's financial statements. the partnership agreement between the two sides will be extended to 2040.

  BMW announces completion of joint venture stock holding brilliance BMW 75% 2022-02-12
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  It is said that Volkswagen wants to buy a large number of shares in Jianghuai Automobile, Jianghuai responded: no formal plan has been formed yet

  Since China announced last year that the restrictions on foreign shares in passenger cars would be lifted by 2022, many overseas car companies are ready to move. BMW is the first car company to increase its stake in brilliance BMW, except BMW. Volkswagen, Audi, Ford and Daimler all seem to be interested in increasing their holdings in the joint venture. Recently, it was reported that Volkswagen wants to buy a large stake in JAC and has hired Goldman Sachs as an adviser. Volkswagen is considering buying a large stake in JAC Motor, its electric car joint venture partner in China, and has hired Goldman Sachs as an adviser, Reuters quoted sources as saying. The current market capitalization of Jianghuai Automobile is about 1.7 billion US dollars.

  Automobile Volkswagen acquisition Jianghuai Automobile 2019-04-11
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  Volkswagen ignored SAIC's request to increase its stake, and the SAIC official statement responded.

  Volkswagen Group revealed a major news at its annual meeting that it was considering increasing its stake in a joint venture in China. Given that China has announced the lifting of joint venture share ratio restrictions in 2022, Volkswagen CEO Dis said it was considering increasing its stake in the Chinese joint venture and would determine whether the plan to increase the share ratio would work by the end of this year or early next year. Volkswagen also said that if we can achieve the adjustment of the stock ratio is of course the best. At present, Volkswagen has three vehicle manufacturers in China, including FAW-Volkswagen, SAIC-Volkswagen and Jianghuai Volkswagen. SAIC, a joint venture partner, took the lead in expressing its position on the adjustment of the joint venture stock ratio. March 18,.

  2019-03-18
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  The NDRC plans to relax car purchase restrictions and increase license plate targets in an all-round way!

  Since the second half of 2018, China's car market has entered a cold winter, with car production and sales falling by 4.16% and 2.76% for the whole of 2018, which is also the first decline in China's car market in more than 20 years. The situation remains unchanged in 2019. Data show that a total of 5.2628 million domestic passenger cars were sold in the first quarter of this year, down 13.72% from the same period last year. China's car sales continue to decline and the trend of car consumption is gradually declining. in such an environment, the National Development and Reform Commission is expected to guide further liberalization of the purchase restriction policy and comprehensively encourage automobile consumption. Recently, it was exposed that the National Development and Reform Commission issued "promoting cars, home appliances and consumer electricity."

  Automobile 2019-04-18
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  Cui Dongshu: it is impossible for Beijing and Shanghai to relax purchase restrictions.

  According to a notice issued by the Guiyang Municipal Public Security and Traffic Administration a few days ago, the regulation of car purchase lottery has been formally abolished. It has become the first of the nine provinces and cities that have implemented the purchase restriction policy to abolish the purchase restriction. However, the traffic restrictions are in the process of soliciting opinions and have been announced recently. In the face of the continuous downturn of domestic car sales, the deregulation and cancellation of car purchase restrictions have become an urgent task for policy researchers. Last year the auto industry showed negative growth for the first time in 28 years. Until this year, the decline continued. In order to boost consumption, on August 27, 2019, the General Office of the State Council issued the opinions on speeding up the Development of Circulation and promoting Commercial consumption (Jane.

  Beijing Shanghai 2019-09-14
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  Guangdong took the lead in starting a new policy to stimulate automobile consumption, and Guangzhou and Shenzhen liberalized car purchase restrictions and increased license plate targets.

  In view of the fact that China's car market is in the doldrums and sales continue to decline, it is rumored that the National Development and Reform Commission is drawing up a new policy to stimulate car consumption, and relevant documents have been released earlier. Before the relevant new policies were formally promulgated and implemented, Guangdong took the lead in taking action. The Guangdong Provincial CPC Committee and the General Office of the Guangdong Provincial Government recently issued the "implementation Plan for improving the system and Mechanism for promoting consumption," proposing to optimize the automobile consumption environment, gradually relax the car lottery and auction targets in Guangzhou and Shenzhen, and expand the scale of allowed purchase. Other cities in Guangdong Province are no longer allowed to impose restrictions on car purchases. In addition, the Program requires that in order to promote the optimization and upgrading of automobile consumption, the promotion of new energy vehicles should be focused on.

  Car consumption 2019-05-28
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  Stimulate car consumption to bring urban congestion, a number of experts suggest: restrict the use of vehicles, increase the cost of using cars

  On June 6, the National Development and Reform Commission formally issued a relevant "plan" to stimulate the new policy of automobile consumption, resolutely breaking down the barriers to passenger car consumption, strictly forbidding all localities to issue new car purchase restrictions, and vigorously promoting the consumption and use of new energy vehicles. all localities are not allowed to impose traffic restrictions or purchase restrictions on new energy vehicles, and those that have already been implemented should be abolished. However, in the face of the relaxation of traffic restrictions and purchase restrictions, it has been pointed out that it will lead to increased traffic pressure in cities and the recurrence of congestion problems. In response to this problem, some experts say that in order to avoid a greater burden on urban traffic caused by the growth of vehicles, it can increase the cost of vehicles and reduce the intensity of vehicles. Shenzhen Urban Traffic Planning and Design Research.

  2019-06-08
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  A number of auto executives have spoken: China's auto market will resume growth in the second half of this year.

  During the Shanghai auto show, a number of auto executives said in an interview that due to the support and stimulation of government policies, China's auto market will resume growth in the second half of this year! Among them, Feng Xingya, general manager of GAC GROUP, said: "We expect the automobile market to show negative growth or even double-digit negative growth in the first half of this year. But due to government subsidies, discounts from carmakers and a better macroeconomic environment, car sales growth will turn positive in the second half of the year. " Mitsubishi Motors CEO Yoshiko believes that China's auto market is moving towards more balanced growth, especially if trade friction between China and the United States.

  Automobile 2019-04-19
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  Honda claims to adhere to the existing joint venture model and will not abandon Dongfeng and Guangzhou Automotive teammates.

  After the restrictions on joint venture shares in the automobile industry have been phased out, brilliance BMW has become the first company to taste fresh, and will more foreign car companies join the ranks? A few days ago, Honda executives made it clear in an interview that Honda will not give up its joint venture model in China. Honda's head of intellectual property Standardization Co-ordination Department said, "even if China's auto industry opens the 50% maximum shareholding limit, Honda will not change its existing cooperation model with Chinese car companies." will adhere to the strategy of not wholly-owned or controlling development in China. " It also said that to understand the Chinese market, we cannot rely on Honda alone, but must cooperate with local car companies.

  Honda Guangzhou Automobile Honda Dongfeng Honda 2019-03-07
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  Hyundai plans to acquire shares in Sichuan Hyundai, which may become the first wholly foreign-owned commercial vehicle company.

  According to relevant media reports, South Korean Hyundai Motor will fully acquire Sichuan Hyundai by 2020, that is, it will have a 100% stake in Sichuan Hyundai, that is, it will complete the acquisition of all shares in China. If the acquisition is successful, Sichuan Hyundai will become the first wholly foreign-owned commercial vehicle company in China after the deregulation of stock ratio restrictions on foreign car companies. It is understood that Sichuan Hyundai Automobile Co., Ltd. is a joint venture between China and South Korea, established in 2012 by Sichuan Nanjun Automobile Group Co., Ltd. and Hyundai Motor Co., Ltd. It only began formal operation in January 2013, and its business scope is the production, sales and service of commercial vehicles, engines and their accessories.

  Modern Sichuan Hyundai 2019-09-29
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  The latest ranking of automobile value preservation rate in China announces the best value preservation of "two fields".

  The "automobile value preservation rate" is not only an important part of the performance-to-price ratio of cars, but also an important parameter for consumers to consider when choosing and buying cars. The value preservation rate refers to the ratio of the price sold to the previous purchase price of a certain model after it has been used for a period of time. Therefore, it has a high reference value for consumers to choose and buy new cars. On the one hand, it can be eliminated.

  Automobile hedge rate hedge Brand China Association Circulation Market luxury data consumption Tess Toyota Tesla growth 2022-06-03
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  Ministry of Commerce: measures will be taken to boost car consumption and completely abolish restrictions on the relocation of used cars

  At a regular press conference held by the Ministry of Commerce on April 4, spokesman Gao Gao said that the growth of automobile consumption will be promoted by optimizing the market environment, expanding supply channels, promoting the upgrading of consumption structure, and promoting the development of the automobile aftermarket. The Ministry of Commerce believes that the reduction in value-added tax will be conducive to overall automobile consumption, will take positive measures to promote the development of the automobile market, will further promote the parallel import of cars, and completely abolish the policy of restricting the relocation of second-hand cars. to promote the development of automotive post-market, such as auto racing, auto tourism, automobile modification, etc. As early as January 28, ten ministries and commissions jointly issued a paper, put forward six measures to boost automobile consumption, the "plan" is clear.

  Car used car 2019-04-04
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  Volkswagen won the right to manage the new factory, increasing its stake in Jianghuai Volkswagen to 75%

  ​ following Volkswagen's establishment of FAW-Volkswagen and SAIC-Volkswagen joint ventures in China, Volkswagen has previously formed a new joint venture with Jianghuai Automobile. With Jianghuai Volkswagen increasing capital and changing the stock ratio, there has been the latest progress. On November 2, Jianghuai Automobile issued a notice saying that matters related to the capital increase of Jianghuai Volkswagen have been put on record by the Development and Reform Commission of Anhui Province. This also means that the domestic capital increase has entered the final stage of implementation.

  Jianhuai Volkswagen 2020-11-03
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  The automobile industry will face great risks, and the Circulation Association proposes to lift traffic restrictions and purchase restrictions.

  In the face of a sudden "epidemic", the domestic automobile industry is suffering from an unprecedented impact. Although most car companies have resumed work and production, at the market level, the behavior of dealers and consumers seems to have failed to recover. To this end, the Circulation Association submitted a report on the impact of COVID-19 's epidemic on the automobile circulation industry and policy recommendations to the National Development and Reform Commission on February 11.

  Automobile industry 2020-02-12
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  Two major Chinese car companies bought shares, and BAIC announced the acquisition of a 5% stake in Daimler

  Today, BAIC officially announced that it had completed the acquisition of a 5% stake in Daimler AG, continuing to consolidate the partnership between the two sides. The rumor finally came true. As early as early May, Reuters reported that BAIC had sought local government support to acquire a 45 per cent stake in Daimler at a cost of more than 20 billion yuan. BAIC and Daimler established a partnership as early as 2005, forming a joint venture to introduce Mercedes-Benz-branded cars to be produced and sold in China, with BAIC accounting for 51% of the joint venture and Daimler holding the remaining 49%. According to BAIC officials, this time.

  Daimler acquisition BAIC 2019-07-23
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  Heavy! BAIC becomes the largest shareholder of Daimler

  On December 13, BAIC announced that in order to strengthen long-term strategic cooperation between the two sides, it had held a 9.98% stake in Daimler AG through continued investment in 2019. This shows that the two sides fully recognize the success of long-term cooperation in the past and attach importance to future development. At the same time, Daimler Group holds 9.55% of Beijing Automobile and 2.46% of BAIC Blue Valley, and cross-shareholdings will contribute to the high-quality development and long-term success of both sides in the Chinese market. BAIC has no plans to further increase its stake in Daimler under an agreement between the two sides. Beijing Automobile has a long history with Daimler since 20.

  Beijing Mercedes Benz 2021-12-13
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  The Ministry of Industry and Information Technology has made it clear that further opening up the automobile market will speed up the merger and reorganization of the industry.

  Following the announcement of the opening schedule of the joint venture stock ratio, the Ministry of Industry and Information Technology once again announced the opening of the automobile market. A few days ago, Huang Libin, spokesman for the Ministry of Industry and Information Technology, said that in the future, telecommunications, Internet, automobile and other fields and related fields will be further opened to foreign investment, so as to continue to improve the level of intellectual property protection and create a good business environment. Huang Libin also said that China will unswervingly open wider to the outside world, treat the issue of Sino-US trade frictions with an open mind and tolerant mind, do not carry out construction behind closed doors, blindly emphasize "self-control", and will not decouple from international industrial development. The national policy protects the development of China's automobile industry and allows independent car brands to own.

  Joint venture stock ratio 2019-10-28
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  Dong Yang: strongly call for relaxing the electric vehicle quota and saving the new energy industry.

  New energy vehicles plummeted again in October, with sales down 46% from a year earlier, falling for four consecutive months and possibly falling into negative growth for the whole year. The new energy industry suddenly slammed on the brakes. According to this trend, the industry is worried about the stagnation of the development of the new energy industry. As a result, Dong Yang, former executive vice president of the China Association of Automobile Manufacturers, strongly called on cities such as Beijing to relax the electric vehicle quota so as to ease the downward trend. Dong Yang said that he strongly called on Beijing and other restricted cities to quickly relax the purchase limit of electric vehicles in accordance with the repeated orders of the State Council, so as to alleviate the new energy caused by the overall market weakness and drastic policy changes.

  New energy vehicle 2019-11-16
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  The new energy vehicle market is still in the doldrums in August. Can lifting the purchase restrictions save the market?

  A few days ago, the China Automobile Association released the latest production and sales data for August, of which the production and sales of new energy vehicles were 87000 and 85000 respectively, down 12.1% and 15.8% from January to August last year, and the production and sales of new energy vehicles completed 799000 and 793000 respectively, up 31.6% and 32.0% respectively over the same period last year. The China Automobile Association said that although the overall sharp decline in production and sales in the automotive industry has changed, it has not been effectively alleviated. Affected by the decline in subsidies, the production and sales of new energy vehicles continued to decline compared with the same period last year, and the decline expanded. Sales of new energy passenger vehicles and commercial vehicles have declined sharply. From.

  Cars new energy new energy vehicles decline 2019-09-15