Monday, September 25, 2017
50 % ownership constraint in new energy automobile industry
ANBOUND
An official from the Chinese Ministry of Commerce states that foreign shareholders are not allowed to possess 50% or more of company's shares in the new energy automobile industry and special vehicles. "The policy is expected to be lightened, reducing restriction". As what the National Development and Reform Commission stated earlier, the second half of the year will continue to open the market for new energy vehicle to foreign investor despite the lack of actual and specific policy’s agendas. The 50 % ownership constraint in the new energy automobile industry indicates the decision makers are still hesitating; the ownership ratio allowances and specific timetable remain undisclosed and unclear.