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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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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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The death of the 50:50 JV equity rule and the traditional fuel vehicle?

The Ministry of Commerce (MOFCOM) sort of responded to a recent Bloomberg report that China is considering letting foreign carmakers set up wholly-owned ventures to produce electric vehicles inside China’s free-trade zones when its spokesman said at a regular conference on September 21 that China is working on measures to

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MOFCOM: China working on policies to reduce restrictions on foreign investment in NEV production

BEIJING – China is working on new policy measures aimed at reducing restrictions on foreign investment in new energy vehicle manufacturing and to push ahead the further opening of the sector, according to Gao Feng, spokesman of the Ministry of Commerce (MOFCOM). Gao made the comments at MOFCOM’s regular press

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China removes foreign equity ratio restriction on NEV parts manufacturing

The new Catalogue for the Guidance of Foreign Investment Industries (revised edition of 2011) removes the equity ratio restriction on foreign investment in new energy vehicle parts and components except power batteries, reversing an earlier decision. The previous version of the Catalogue, which was released in April 2011 for comments,

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