The trend is to liberalize the proportion of joint ventures in core automotive components

Under the spirit of open sharing in the WTO, it is an inevitable trend for joint venture vehicle enterprises to liberalize their stock ratios. The State Council has issued the Decision on the Temporary Adjustment of Relevant Administrative Regulations, State Council Documents, and Departmental Rules and Regulations Approved by the State Council in the Pilot Free Trade Zone (referred to as the "Decision"). The promulgation of the "Decision" is a significant signal, and the liberalization of the ratio of core component stocks is also inevitable. Add key components of automotive electronics and new energy vehicles to the pilot list, so that excellent Chinese brands have sufficient competitiveness to compete with multinational brands.

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