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Fu Yuwu: 50:50 JV equity relaxation was long-time coming, industry faces three macro/micro-economic forces

BEIJING – Fu Yuwu knew two years ago that the 50:50 joint venture equity rule would become history. Now that it will be completely lifted by 2022, as was announced by the National Development and Reform Commission (NDRC) on April 17, a week after Chinese President Xi Jinping announced that

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Scania-Higer a role model for how companies can cooperate (II)

On November 9, Scania and Higer inaugurated a new, state-of-the-art bus and coach factory in Suzhou dedicated to building the Scania Touring and Scania-Higer dual-branded high-end buses and coaches. The milestone event marks 10 years of a unique cooperation between the two partners – a pure commercial partnership where Higer

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Scania-Higer a role model for how companies can cooperate (I)

On November 9, Scania and Higer inaugurated a new, state-of-the-art bus and coach factory in Suzhou dedicated to building the Scania Touring and Scania-Higer dual-branded high-end buses and coaches. The milestone event marks 10 years of a unique cooperation between the two partners – a pure commercial partnership where Higer

| | | | | | | | | | | | Read More

Scania-Higer a role model for how companies can cooperate

On November 9, Scania and Higer inaugurated a new, state-of-the-art bus and coach factory in Suzhou dedicated to building the Scania Touring and Scania-Higer dual-branded high-end buses and coaches. The milestone event marks 10 years of a unique cooperation between the two partners – a pure commercial partnership where Higer

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Equity restriction of 50:50 remains in China’s automotive industry

BEIJING – Vehicle manufacturing remains restricted in China and foreign companies still cannot hold more than 50 percent equity shares of a vehicle manufacturing joint venture, according to a revised version of the Industry Catalogue for Foreign Investment (Amended 2011) released by China’s National Development and Reform Commission (NDRC) on

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China closer to relaxing equity threshold on vehicle JVs

The State Council’s decision to allow foreign firms to establish wholly-owned motorcycle and related components manufacturing facilities inside the Shanghai Free Trade Zone (Shanghai FTZ) is a sign that China is closer to relaxing the 50:50 equity share threshold on vehicle assembly joint ventures. On September 28, China’s cabinet said

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Parliamentary sessions and reform of the auto industry

The 2nd session of the 12th National People’s Congress (NPC) and the 2nd annual session of the 12th Chinese People’s Political Consultative Conference (CPPCC), known as China’s two parliamentary sessions, were held in Beijing last month. During the annual sessions, members of the NPC, China’s legislature, and members of the

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China to relax equity share control, but not overnight

At a recent news conference, MIIT (Ministry of Industry and Information Technology) spokesman Xiao Chunquan told reporters that China would relax equity share control of joint venture vehicle manufacturers and his ministry would be working on specific procedures in doing so. A revision of the China’s current automotive industry policies

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