Auto parts fully liberalize foreign investment

On December 7, the National Development and Reform Commission and the Ministry of Commerce jointly issued a revised version of the "Guidance Catalogue for Foreign Investment Industries" and formally solicited external opinions. The revised draft encourages foreign investors to invest in traditional energy-saving parts technology, no longer set share restrictions on CAN ,bus and EPS controllers, and cancel the new energy power battery project. On July 19th, the State Council issued the "Decision on the Provisional Adjustment of Relevant Administrative Regulations, State Council Documents, and Departmental Regulations and Regulations Approved by the State Council" in the Free Trade Pilot Zone, proposing that foreign businessmen are allowed to engage in CAN bus, EPS in the form of sole proprietorship Manufacture and development of controllers and power batteries. This trend shows that the country has fully liberalized foreign-invested auto parts.