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It is a general trend to open the joint venture ratio of automobile core parts
Release time:
Nov 09,2021
Under the spirit of opening and sharing in WTO, it is the general trend to liberalize the share ratio of joint venture vehicle enterprises. The State Council issued the Decision on the Temporary Adjustment of relevant administrative regulations, documents of The State Council and departmental rules approved by The State Council in Pilot Free Trade Zones (hereinafter referred to as the Decision). The introduction of the "Decision" is a major signal, and the liberalization of the core parts and components is inevitable. The key components of automotive electronics and new energy vehicles will be put into the pilot list, so that excellent Chinese brands have enough competitiveness to compete with multinational brands.
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