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Automobile Industry Will be Fully Open to Foreign Investment!

2021-02-02

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On January 26, 2021, at the press conference of the State Council Information Office, the spokesperson of the Ministry of Industry and Information Technology and Director of the Operation Monitoring Coordination Bureau Huang Libin said: We have lifted the foreign shareholding restrictions for special vehicles and new energy vehicles in 2018, and commercial The restrictions on foreign ownership in automobiles will be lifted in 2022, and the restrictions on foreign ownership in passenger vehicles and the limitation of no more than two joint ventures will be lifted. By then, foreign investment in automobiles will be fully opened.

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