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Since Chery officially announced the ownership of Qingdao Wudaokou at the end of last year with 14.4 billion yuan, Chery seems to have entered a quiet period, and there is no way to know about the mixed reform. Recently, however, it has been reported that there has been a change in Chery's mixed reform.
With the new car market entering the stock era in recent years, many marginalized car companies have spent time in the difficult market of double decline in sales performance. In order to solve the debt and day-to-day operating problems, Chery introduces new investors through "capital increase and share expansion". At the same time, the new investor will become Chery's largest shareholder. However, Chery's mixed reform, which should have been settled, seems to be in flux.
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. According to the online documents, the National Development and Reform Commission issued the implementation Plan for promoting the Renewal of consumption of Automobile, Home Appliances and Consumer Electronics to promote the Development of Circular economy (2019-2020), which plans to further expand the consumer market such as automobiles, promote the development of circular economy, and deepen supply-side structural reform. The document also describes in detail the specific implementation plan, and there are nine supporting regulations in the automotive field. The most important of these is the purchase restriction city.
Local subsidies for new energy vehicles in Shenzhen are withdrawn. On February 18, the Shenzhen Municipal Development and Reform Commission issued the latest detailed rules for the implementation of Financial subsidies for the Promotion and Application of New Energy vehicles, pointing out that new energy vehicles licensed after August 7, 2019 will no longer be subsidized for purchase. Full text of the policy: the detailed rules for the implementation of financial subsidies for the promotion and application of new energy vehicles in Shenzhen from 2019 to 2020 are to implement the notice of the Development and Reform Commission of the Ministry of Industry and Information Technology of the Ministry of Finance on further improving the financial subsidy policy for the promotion and application of new energy vehicles (Caijian (2019) 138C) (hereinafter referred to as Caijian (2019) 138C).
He Lifeng, director of the National Development and Reform Commission, said at a news conference on March 6 that the National Development and Reform Commission is currently drafting recycling policies that include used cars and household appliances to promote the further development of circular economy. He Lifeng said, "according to incomplete statistics, there are more than 200 million cars and hundreds of millions of refrigerators, televisions, washing machines, and so on. According to normal updates, that is a huge market." At present, a recycling policy, including used cars and household appliances, is being drafted to promote the further development of circular economy. " There are more than 200 million cars in the country, roughly spread out, one car for every seven people, which is undoubtedly quite staggering. But there are also cars.
According to foreign media reports, Mitsubishi Motors CEO Takao Kato said at the financial performance meeting that it is necessary to carry out structural reform in the Chinese market business with low sales, but has not yet reached an agreement with partner GAC GROUP on the direction of the reform. Renault had previously said it planned to be A between the end of 2023 and 2024.
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In early September this year, Chery's mixed reform was launched again, intending to introduce new investors in the way of capital increase and share expansion, which also made Chery more and more popular in the auto industry. According to the announcement, the project will end on November 7. so far, two interested parties (private placement) have paid 5 billion yuan in intention funds. they are Tengxing Yangtze River Delta (Haining) equity investment partnership (limited partnership) (hereinafter referred to as "Tengxing Yangtze River Delta") and Qingdao Wudaokou New Energy Automobile Industry Fund (limited partnership) (hereinafter referred to as "Qingdao Wudaokou"). According to Chery insiders, the new investor is likely to be Tengxing Yangtze River Delta. From the rumored investor is.
China's car sales have declined for 16 months in a row, and the problem of insufficient consumer demand continues to be highlighted. To this end, relevant departments are studying policy measures to further promote a steady recovery in sales. The National Development and Reform Commission has stated that it is necessary to stabilize the majority of automobile consumption and study to abolish the policy of restricting consumption. According to the latest data from the China Automobile Association, from January to October, domestic automobile production and sales completed 20.444 million and 20.652 million respectively, with production and sales down 10.4% and 9.7% respectively compared with the same period last year. Among them, sales of new energy vehicles have declined for four consecutive months, falling by as much as 45.6% in October and may be negative for the whole year. Traditional cars and.
As an independent brand of FAW Group, the mixed reform plan and plan of FAW Jilin has attracted much attention from the industry. Recently, there are rumors that low-speed electric car company Baoya New Energy is expected to buy an 80 per cent stake in FAW Jilin with a capital of 18-2 billion yuan. In this regard, FAW Jilin person in charge said that although do not know which enterprise will cooperate with, but a certain meeting to increase capital and shares in the form of the introduction of a number of shareholders. For the mixed reform plan, FAW Jilin also put forward requirements, the shareholders must meet the company's demands in order to buy shares, but FAW Jilin did not disclose the specific requirements of Dongfang shares. Some analysts said that according to the current operating situation of FAW Jilin,.
A few days ago, the price increase of Lexus attracted the attention of the industry, and Lexus also said that it did not know about the price increase of dealers. In contrast, overseas media have reported that Mercedes-Benz is planning an overhaul of the way it sells and wants to control the discretion of its dealers over terminal discounts. At the recent Frankfurt Motor Show, Mercedes-Benz sales and marketing director Britta Seeger (Brittasig) announced to the media that since April this year, Mercedes-Benz is conducting a pilot sales model reform in the Swedish market. According to Seeger, Mercedes-Benz will be part of the classics.
At the first press conference of the News Center celebrating the 70th Anniversary of the founding of New China held on September 24, Ning Jizhe, vice minister of the National Development and Reform Commission and director of the National Bureau of Statistics, mentioned a major problem in today's automobile industry, saying that restrictions on car consumption should be removed. In 2018, China's cars declined for the first time in 28 years, down 2.8 per cent from the same period last year to 28.081 million, and the downward pressure has not eased so far. Car sales have fallen for 14 months in the past 15 months, with a double-digit decline of 11% from January to August this year. Car sales continue to decline, sellers buy letters.
After several price increases in oil prices, the National Development and Reform Commission announced that the current round of refined oil prices will not be adjusted, which is also the first time that the adjustment of domestic oil prices has run aground this year. It is understood that in accordance with the provisions of the "measures for the Management of Oil prices," domestic gasoline and diesel prices are adjusted every 10 working days in accordance with the changes in crude oil prices on the international market, and the effective time of the price adjustment is 24:00 on the date of release of the price adjustment. When the price adjustment is less than 50 yuan / ton, it will not be adjusted and will be added or offset in the next price adjustment. This stranding is also the first time this year. Earlier, in early January, international oil prices recorded the longest consecutive rise in nearly a decade. Up to now, the oil price of domestic finished products is 20.
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."
Chery plans to introduce a mixed reform project of new investors by increasing capital and shares, and the new capital has finally surfaced. It is reported that Tengxing Yangtze River Delta (Haining) equity investment partnership (limited partnership) (hereinafter referred to as "Tengxing Yangtze River Delta") has reached an agreement with Chery holding Group Co., Ltd. (hereinafter referred to as "Chery Holdings") and Chery Automobile Co., Ltd. (hereinafter referred to as "Chery shares"), and paid a deposit of 4.7 billion yuan, which is expected to become the largest shareholder of Chery Automobile. If the transaction is completed, Tengxing Yangtze River Delta will become the largest shareholder of Chery Holdings, with a shareholding ratio of 30.99%, and acquire Chery shares through Chery Holdings.
The new policy to stimulate automobile consumption has been officially announced! On June 6, the three departments of the National Development and Reform Commission, the Ministry of Commerce and the Ministry of Ecology and Environment issued a circular on "promoting the implementation Plan for the Renewal and upgrading of key Consumer goods and the Recycling of Resources (2019-2020)", which clearly requires that new car purchase restrictions be issued in all localities to speed up the shift from restricted purchase to guided use; all localities are not allowed to impose traffic restrictions or purchase restrictions on new energy vehicles. Relaxing the requirements of the purchase restriction plan, it is strictly forbidden to issue new car purchase restrictions. Local governments that have implemented car purchase restrictions should speed up the restrictions according to the effect of urban traffic congestion, pollution control and traffic demand control.
On October 17, the official website of the Ministry of Industry and Information Technology issued a decision on punishment, imposing administrative penalties on Xinzhou Honda Motor (Suzhou) Co., Ltd., Zhejiang UFO Automobile Manufacturing Co., Ltd., and Dongfeng Liuzhou Automobile Co., Ltd. ordered the three enterprises to stop producing and selling related products and carry out rectification for a period of six months. According to the announcement of the Ministry of Industry and Information Technology, from August to December 2018, during the special inspection of vehicle production consistency in 2018, it was confirmed that some of the products of Honda, Zhejiang UFO and Dongfeng Liuzhou did not comply with the production of road motor vehicle production enterprises and products in the management of the notice.
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.
On the evening of November 22, Great Wall announced that the beam automobile production base project, a joint venture between the company and BMW, had been approved by the Development and Reform Commission of Jiangsu Province. The project is scheduled to start in 2020 and completed in 2022. According to the contents of the announcement, the beam automobile production base project has a total investment of 5.1 billion yuan, and the construction scale is the full export manufacturing of 160000 fuel passenger vehicles and the development of pure electric passenger cars. Among them, the construction of fuel passenger car manufacturing part includes stamping workshop, welding workshop, painting workshop, final assembly workshop and test track and other facilities, production and manufacture of all-export fuel passenger cars; pure electric passenger car research and development.
According to information from the Shanghai Stock Exchange, the capital increase project of FAW Jilin Automobile Co., Ltd. has been completed. Shandong Baoya New Energy Automobile Co., Ltd. as an investor will invest 1.5 billion yuan to acquire a 70.5% stake in FAW Jilin. It is understood that the two sides will formally sign the contract today. After signing the contract, Baoya New Energy will become the largest shareholder of FAW Jilin, and FAW Jilin will complete the reform of "from the country to the people". In fact, as early as July this year, it was reported that Baoya New Energy was expected to buy an 80 per cent stake in FAW Jilin for 18-2 billion yuan, but the move was opposed by FAW Jilin employees. It is understood that it was founded in 2.
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