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Stay calm and carry on: 50:50 JV equity rule relaxation coming at the right time

Tesla CEO Elon Musk must be on cloud nine right now. The comments from Chinese President Xi Jinping on April 10 at the Boao Forum for Asia 2018 Annual Conference that China would reduce limits on foreign investment in the auto industry (see Bye bye 50:50 JV equity rule? Chinese President

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2017 PV CAFC and NEV credits for 128 automakers and importers announced#

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

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2017 PV CAFC and NEV credits for 128 automakers and importers announced

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

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Chinese Premier Li Keqiang: China to completely open up manufacturing sector

BEIJING – Chinese Premier Li Keqiang reiterated to the press on March 20 that China will completely open up the country’s manufacturing sector to foreign investment without imposing compulsory technology transfers from foreign companies. Li made the comments while responding to a question from Bloomberg over China’s reform on foreign investment

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MIIT issues NEV battery recycling measures: OEMs to bear main responsibility

BEIJING – OEMs should bear the main responsibility for recycling power storage batteries of new energy vehicles to ensure efficient utilization and environmental disposal of these batteries, according to the Interim Measures for Recycling of New Energy Vehicle Power Storage Batteries released by the Ministry of Industry and Information Technology

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MIIT to dynamically manage NEV purchase tax exemption catalogue

BEIJING – The Ministry of Industry and Information Technology (MIIT) released the Notice on Strengthening the Administration of New Energy Vehicle (NEV) Purchase Tax Exemption Catalogue (Draft to Solicit Comments) on February 8 in an effort to dynamically manage NEV models that get listed on the catalogue. The objective of the

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Jump in! The auto industry is “open” for business

China’s auto industry is expected to open wider to foreign investment with lesser restrictions after a series of comments made by the country’s top officials including Chinese Premier Li Keqiang at the ongoing annual “Two Sessions.” Li, in his government work report delivered on March 5 at the opening meeting of

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