NDRC says yes too and gives timeline The National Development and Reform Commission (NDRC) said on April 17 that China would relax foreign equity restrictions on special-purpose vehicles and new energy vehicles in 2018, on commercial vehicles in 2020 and on passenger vehicles in 2022, when foreign automakers are no longer restricted to having only two joint ventures in China.

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For many of the new “internet carmaking” startups that have recently emerged onto the scene and plan to “disrupt” the industry, Geely Holding Group Chairman Li Shufu and bitauto.

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BEIJING – Suzhou Qiantu Motor Co., Ltd. (Qiantu Motor) appeared on the List of Newly Added Vehicle Manufacturers released by the Ministry of Industry and Information Technology (MIIT) on March 19, making it the 6th NEV manufacturer so far that have received both MIIT and the National Development and Reform Commission (NDRC) production approval after BAIC BJEV, Yudo NEV, JMC NEV, ZD and Changjiang EV.

NDRC says yes too and gives timeline The National Development and Reform Commission (NDRC) said on April 17 that China would relax foreign equity restrictions on special-purpose vehicles and new energy vehicles in 2018, on commercial vehicles in 2020 and on passenger vehicles in 2022, when foreign automakers are no longer restricted to having only two joint ventures in China.

SHANGHAI – Delphi Technologies sees three major product systems categories driving its growth in China: gasoline, diesel and electrification, according to CEO Liam Butterworth.

BEIJING – The Ministry of Industry and Information Technology (MIIT), Ministry of Commerce, General Administration of Customs and State Administration of Quality Supervision, Inspection and Quarantine jointly released results of 2017 Corporate Average Fuel Consumption (CAFC) and New Energy Vehicle (NEV) credits for 99 domestic passenger vehicle manufacturers and 29 passenger vehicle importers on April 10.

NINGBO, Zhejiang – BorgWarner plans to more than double its annual revenues in China to more than ¥27 billion over the next five years, according to Tom Tan, global vice president of the U.S. automotive supplier and president of BorgWarner China.

SANTA CLARA, California – Chinese smart EV startup Byton has opened a new Los Angeles Future Lab and is expected to update its development progress at the upcoming Auto China 2018 in Beijing, the company said in a statement on April 4.

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