· One hammering sound: parts must be joint ventures are fake news

In the recent period, car anti-monopoly has been very lively, and fake news related to cars has also spread very well. It has been reported that the state will cancel the authorization of automobile brands, and anyone can sell cars in the future. There are also reports that the country should release parallel imports of cars, and non-authorized enterprises can also import cars in the future. This will reduce the domestic imported car prices by 15%. In fact, these statements are arbitrary and have no factual basis.
On August 25, Reuters quoted the German “Stuttgart Daily” as saying that the Chinese government informed three German auto parts manufacturers that they would not be able to operate independently in China in the future and must form joint ventures with local Chinese companies.
Since Monday, this news has spread around the major websites, and Weibo and WeChat friends have also been widely forwarded. A careful understanding is another fake news.
Reuters forwarded a fake news After the explosive news broadcast of Reuters, various analysis and interpretations came. It has been reported that all car companies and parts companies in the world have made big money in China, but Chinese companies have not made any money. Therefore, the Chinese government has re-adjusted its industrial policies to help Chinese independent brands. Some even explained that the auto parts joint venture is expected to solve the monopoly.
After asking the National Development and Reform Commission and the authority of the Ministry of Commerce, they said that it is not clear about this. The policy of using foreign capital in the automotive sector has not changed.
What is going on here, and how is fake news coming out?
Recently, domestic electric vehicles are very hot, and some foreign companies want to invest in electric vehicle-related projects in China. Three German companies engaged in new energy auto parts also want to invest in automotive power batteries in China. However, according to the “Guidance Catalogue for Foreign Investment Industries” revised in 2011: energy-type power batteries (energy density ≥110Wh/kg, cycle life ≥2000 times, foreign investment ratio does not exceed 50%.
In other words, foreign companies that invest in new energy vehicle power batteries in China may not set up wholly-owned companies, and must form joint venture vehicles with a share of no more than 50%.
This directory has been in operation for more than two years and is not something new. It does not mean that all auto parts must be joint ventures, and no wholly-owned enterprises can be established.
The German company did not understand China's relevant policies, and the Stuttgart Daily was published in a confusing manner. Reuters, as a world-famous news agency, forwards it without checking it, so that it can be rumored to let the fake news flourish.
Foreign capital occupies the dominance of auto parts In 2004, the "Automobile Industry Development Policy" promulgated by the National Development and Reform Commission officially canceled the share-to-equity ratio of foreign-invested auto parts, and it could be joint venture or sole proprietorship.
With the global automotive multinational group entering China to invest and build factories, almost all auto parts giants have come to China to invest and build factories, and they are mainly solely invested.
World-famous auto parts groups such as Delphi, Bosch, Visteon, Eaton, Michelin, Denso, and Continental have made great strides in the Chinese market and established wholly-owned and joint ventures.
Delphi Automotive Systems, the world's largest auto parts manufacturer, has established 14 wholly-owned and joint ventures, a technology center and a training center in China. Bosch, the world's second-largest auto parts manufacturer, has established more than a dozen wholly-owned and joint-venture auto parts companies in China, and has established a large-scale parts distribution network covering all of China, with more than 150 after-sales service stations. Japan's Denso, the world's fourth-largest auto parts supplier, has opened a number of wholly-owned and joint ventures in Tianjin, Yantai and Chongqing. The products produced by these multinational parts and components in China, in addition to the Chinese vehicle manufacturers, are also exported to foreign countries.
According to a statistics, in 2013, China's auto parts enterprises reached 10,333, of which foreign investment and Hong Kong, Macao and Taiwan investment companies accounted for nearly a quarter. However, this quarter of the company accounted for three-quarters of the total auto parts sales that year. Among foreign-funded and Hong Kong, Macao and Taiwan auto parts companies, 55% are sole proprietorships and 45% are joint ventures. This shows that foreign capital has occupied a dominant position in the Chinese auto parts industry.
Seeing truth from facts, auto parts multinational companies have entered China in a large amount, bringing advanced technology and management, promoting the improvement of the overall level of China's auto parts industry, and initially forming a competitive automobile and parts manufacturing system. It satisfies the needs of the domestic market and expands exports.
The State encourages foreign investors to invest in new energy vehicles. The State Development and Reform Commission and the Ministry of Commerce have issued the "Guidance Catalogue for Foreign Investment Industries (2011 Revision)", which will be implemented as of January 30, 2012.
The Catalogue divides the foreign investment industry into categories of encouragement, restriction, and prohibition. This revision of the Catalogue takes into account the new developments in the domestic automobile industry, removes the vehicle manufacturing entry from the encouraged category, and adds items such as key components for new energy vehicles in the encouraged category.
The Catalogue encourages industries (19) Article 4 of the transportation equipment manufacturing industry is the manufacture of key components for new energy vehicles: energy-type power batteries (energy density ≥110Wh/kg, cycle life ≥2000 times, foreign capital ratio is not More than 50%), battery cathode material (specific capacity ≥ 150mAh / g, cycle life 2000 times not less than 80% of the initial discharge capacity), battery separator (thickness 15-40μm, porosity 40% -60%); battery management System, motor management system, electric vehicle electronic control integration; electric vehicle drive motor (peak power density ≥2.5kW/kg, high efficiency zone: 65% working area efficiency ≥80%), vehicle DC/DC (input voltage 100V-400V ), high-power electronic devices (IGBT, voltage class ≥ 600V, current ≥ 300A); plug-in hybrid electromechanical coupling drive system.
The projects listed above cover almost all systems and technologies for new energy vehicles. In addition to the requirement that the energy-type power battery must be a joint venture, the rest can be solely invested.
China's opening up in the automotive sector is arguably the most open compared to many developing countries. Otherwise, there will not be so many multinational auto giants and parts giants coming to China to invest. As a responsible big country and WTO member country, China will never close the door to foreign investment or restrict the development of foreign capital in China.

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