New energy stocks release foreign investment list than late July

On June 28, 2018, the Ministry of Commerce of the People's Republic of China issued a document formally promulgating the "Special Measures for Foreign Investment Access Control (Negative List) (2018 Edition)", in which Article 8 clearly stipulates "Automotive Manufacturing: Except special vehicles, new In addition to energy vehicles, China’s stock ratio of auto vehicles manufacturing is not less than 50%, and the same foreign company can establish two or two joint ventures for the production of similar vehicle products in the country. Restrictions: In 2022, the foreign ownership ratio of passenger cars will be abolished and the same foreign company may establish restrictions on the establishment of two or more domestic joint ventures that produce the same kind of vehicle products in China.” Policy will begin on July 28, 2018 Implementation, when the new energy vehicles in the field of foreign share ratio and foreign joint venture quantity requirements will be formally canceled.

In order to protect the national automobile industry, China's "Automobile Industry Policy" issued in 1994 proposed that the proportion of Chinese-foreign joint ventures and cooperative enterprises that produce automobiles, motorcycles, and vehicle products should not be less than 50%. Until 2013, the Ministry of Commerce proposed that “in the future, it will further liberalize the restrictions on foreign investment in the general manufacturing fields such as automobiles”. This is the first time in many years after the government stated that it may release the restriction on the ratio of vehicles. Since then, various ministries and commissions of the state have pointed out that the ratio of vehicle stocks will be gradually released in the future.

In the "Guidance Catalogue for Foreign Investment Industries" issued last June, the restrictions on the number of foreign-invested joint ventures producing pure electric vehicle products in China and the restrictions on foreign investment stocks of automobile power batteries have been clearly announced; 2017 In August of this year, the State Council issued the "Notice on Several Measures for Promoting Foreign Capital Growth", which indicated that it will further reduce the restrictions on foreign investment access. In April this year, the National Development and Reform Commission issued a message to formulate the auto stock ratio than the opening schedule: 2018 to cancel special vehicles and new energy vehicles After the ratio of foreign-invested shares, the restrictions on foreign-funded shares of commercial vehicles will be abolished in 2020. In 2022, the restrictions on foreign-invested shares of passenger vehicles will be abolished, and the restrictions on no more than two joint ventures will be cancelled. These were confirmed in the negative list of the 2018 version.

Earlier, we learned that although the stock ratio is released, the traditional car companies represented by the public in a short period of time will still choose to maintain the existing joint venture structure. Relatively speaking, the stock ratio opening is a “typical pie” in foreign emerging new energy car companies that do not have the traditional production capacity and their joint venture partners. This is typical of Tesla.

In the past two years or so, Tesla’s news about building factories in China has continued. Shanghai, Suzhou, Hefei and other cities have all been used as sites for selection. It was later clarified. And just in May of this year, Tesla received good news soon after the preparation of auto shares than the release of the opening timetable. Tesla (Shanghai) Co., Ltd. obtained a business license, and Musk is in the process of producing electric cars in China. A step.

According to public information, Tesla (Shanghai) Co., Ltd.'s main business scope covers technology development, technical services, technical consultation, and technology transfer in the field of electric vehicles and parts, batteries, energy storage equipment, and photovoltaic products. , commission agencies (except auctions) and import and export business, and provide related supporting services, electric car display and product promotion. Although it does not have the "automobile manufacturing and manufacturing" function, it is pave the way for applying for new energy production qualification after establishing a wholly-owned company.

In recent days, Tesla has been plagued by production capacity and funds. At this time, it is urgently needed to build a factory in China, the world’s largest new energy vehicle market, in order to stabilize the “military spirit”. However, there are still many variables in Tesla’s smooth entry into China. After the People’s Daily reported that “China’s new measures to expand its opening will benefit many trading partners, it does not apply to those who violate the rules of the WTO and frequently trade with other countries. In addition, in accordance with existing policies, Tesla’s establishment of a wholly-owned plant in the country requires firstly the qualification for the production of new pure electric passenger vehicles issued by the National Development and Reform Commission. At present, the approval of this qualification is suspended.