New energy vehicle joint venture equity ratio liberalizes the game of technology and strength between China and foreign countries

　　Through further opening up of the Chinese automobile industry, on the one hand, it is conducive to improving the strength of the Chinese automobile industry in competition and cooperation, and on the other hand, it is also conducive to reducing the prices of related products and services. From the perspective of trade-offs, it is necessary to look at the liberalization of shareholding ratio and the opening of sole proprietorship from a higher height with a larger pattern.

　　"This is a measure for my country to further open up to the outside world." The director of the Institute of World Economics at the Shanghai Academy of Social Sciences said to a reporter from China Business News. He pointed out that China’s manufacturing industry has been open for nearly 40 years, and China’s auto industry has been greatly improved through opening up. At present, from the perspective of production, the market share of supply and demand has reached a new stage. What is needed now is to improve quality, including satisfying consumers. Demand for international brands and related services. Further opening up will, on the one hand, help improve the strength of China’s auto industry in competition and cooperation, on the other hand, it will also help reduce the prices of related products and services.

　　From the perspective of trade-offs, it is necessary to look at the liberalization of shareholding ratio and the opening of sole proprietorship from a higher height and in a larger pattern.

　　The foreign party is cautious

　　"This move by the Chinese government will further promote the development of free trade and the economy, and it is also beneficial to the development of the entire Chinese market." Herbert Diess, chairman of the management board of Volkswagen Group, told CBN reporters, Volkswagen The group and the joint venture partners have maintained a good relationship of mutual trust for a long time, and this cooperative relationship has lasted for many years. The success of the joint venture is largely due to the powerful joint venture partners SAIC and FAW. "At present, this policy change will not have an impact on the group's development strategy." Diss emphasized that the new policy does not cause the public to reconsider the equity or financial arrangements that the group has made.

　　Diss also revealed that in the internal meeting of Volkswagen's senior management during the Beijing Auto Show, the senior management also discussed the impact of the new policy direction on Volkswagen from the entire group level. "We assigned tasks to the relevant teams and requested that a detailed plan be drawn up in the next two to three months to explain what Volkswagen Group should do under such a new policy environment, so as to fit the direction of China's policy. "

　　As for the transfer of some shares of FAW-Volkswagen to Audi in accordance with the previously negotiated agreement, the current agreement is postponed. When will the FAW-Volkswagen share ratio be continued. Diss said that the adjustment of the shareholding ratio is mainly for optimizing corporate management, which has no impact on Volkswagen's commitments and strategic deployments to China's joint venture partners. For a specific market, Volkswagen always hopes to find the most suitable model, so the adjustment of the shareholding structure is mainly optimized from the perspective of management and finance.

　　He Junjie (NigelHarris), president of Changan Ford, who was interviewed by a reporter from China Business News, also said when talking about the opening up of China's auto stock ratio: "So far, it has no impact on us." Ms. AmyMarentic also expressed respect for the New Deal of the Chinese government, and matters related to the joint venture with Changan Automobile will be announced at the end of this year.

　　"After all, there are already joint ventures, and no one wants to lose money." Professor Yin Chengliang, Dean of the Automotive Engineering Research Institute of Shanghai Jiaotong University, analyzed to a reporter from China Business News. In his opinion, foreign parties in joint ventures can be cautious. I understand that because of the huge volume of China’s auto market, foreign parties are very important, and after the early years of holding hands and years of running-in, the joint venture parties have adapted to each other, and foreign investors have also adapted to the Chinese market through joint venture car companies, and subsequent cooperation will not be too great for everyone. Objections.

　　However, Yin Chengliang also pointed out that the significance of the introduction of the Chinese government's New Deal is to give new possibilities and give foreign parties the possibility to seek greater profit space.

　　In fact, although there is still a five-year period for the liberalization of passenger car foreign equity restrictions, the current joint venture contracts of most passenger car companies expire around 2030, that is, there is still a ten-year period. Yin Chengliang said: "During a contract period, maintain the status quo. When the contract period is approaching, discuss with the Chinese side to change the share ratio. This possibility can not only be said to exist, but it will definitely appear."