8 major impacts on various aspects of the passenger vehicle sector
For the passenger vehicle sector, the joint venture stocks will bring about eight major impacts in terms of price, talent, competitive environment and market prospects.
On April 17, China's auto industry stocks were officially delineated by the time limit. It is understood that the auto industry will release the stock ratio limit by category. In 2018, the foreign-funded ratio of special vehicles and new energy vehicles will be cancelled. The restrictions on foreign-invested shares of commercial vehicles; in 2022, the restrictions on foreign-funded shares of passenger vehicles were abolished, and the restrictions on no more than two joint ventures were cancelled.
Through the five-year transition period, the auto industry will all cancel the stock-to-share ratio limit. The Chinese auto market will be completely dominated by the market. Relevant people judge that in the context of the efficiency and scale of China's auto industry, the stock ratio is conducive to China's auto technology. Further improvement, attracting foreign-funded enterprises to gradually hold more shares in developing enterprises in China will help stimulate the integration of more advanced technologies with Chinese companies. Driven by scale, efficiency and technology, foreign-funded enterprises will have deeper cooperation with Chinese companies in the process of marketization in the future, even if there is no demand ratio.
Manufacturing is the earliest open field in China and the most competitive field in the market. As the most important part of the manufacturing industry, the opening up of the automotive industry is also gradually implemented. Starting from 2016, the elimination of the restrictions of no more than two joint ventures and the issue of stock-to-share ratio have been raised. In the "Guidance Catalogue for Foreign Investment Industries (Revised in 2017)" issued by the Development and Reform Commission and the Ministry of Commerce, the restrictions on the share ratio of automotive electronics and power batteries and the relaxation of restrictions on pure electric vehicle joint ventures have been lifted.
Then, what impact will the auto industry implement on the transition period? How will the passenger car stocks release after 5 years affect the Chinese passenger car market?
Will the stock ratio affect the qualification of new energy vehicles?
According to the plan, in 2018, the ratio of shares in special vehicles and new energy vehicles will be released. New energy vehicles and special vehicles will allow foreign capital to enter the Chinese market.
For the stock market in the field of new energy vehicles, there is a public opinion that the new energy vehicle stock ratio will mean that the production qualification of new energy vehicles will be cancelled, and the construction and production of new energy auto companies will not need to be obtained by the National Development and Reform Commission. New energy vehicle production qualification.
However, industry experts pointed out that qualification review is necessary, especially for new energy companies that invest in the development of stocks than the wholly foreign-owned enterprises. However, as the stock ratio is liberalized, more and more foreign-invested new energy auto companies The new energy vehicle market will enter the Chinese new energy vehicle market with sole proprietorship, and the binding force of the new energy standard will become smaller and smaller.
In addition, the new energy auto stock ratio will also affect the new energy-making new power, the stock ratio will open more talent and capital into the new energy-making new power enterprises, and the new energy vehicle market will also In the face of the double competition pressure of market test and foreign investment, under this double competition, the new energy vehicle market will have a situation of survival of the fittest, and non-competitive new energy vehicles will be eliminated by the market.
It is worth mentioning that in the field of special-purpose vehicles, the ratio of stocks will accelerate the competition in the special-purpose vehicle market. For some special-purpose vehicles that rely on imports, the ratio of stocks will accelerate the construction of foreign-owned vehicles in China. Will reduce, the price of special cars that rely on imports may fall.
Commercial vehicles may go out of the joint venture cycle
In 2020, the commercial vehicle sector will release the ratio of shares. In the future, China's commercial vehicle market will be subject to joint venture, foreign investment and independent competition. The competition in the commercial vehicle market will intensify.
Some public opinion pointed out that in the next two years, the commercial vehicle sector will not open, and a number of auto companies with commercial vehicle brands, including Volkswagen and Volvo, will choose to set up joint ventures in China, start to deploy the Chinese commercial vehicle market, and accelerate the commercial vehicle parts. Construction of supporting facilities.
After the completion of spare parts and other supporting facilities, some foreign-funded commercial vehicle brands will choose to enter the Chinese commercial vehicle market in 2020 in the form of sole proprietorship. From the perspective of the commercial vehicle market, China is still one of the largest markets for commercial vehicles worldwide. According to statistics, the cumulative sales of commercial vehicles in 2017 was 4.161 million units, a year-on-year increase of 14%. Among them, the cumulative sales of trucks was 3.633 million, and the cumulative sales of passenger cars was 527,000.
Different from the passenger car market, China's commercial vehicle market is still dominated by independent brands, and self-owned commercial vehicles can account for 70% of the market. The joint venture brand commercial vehicle has almost no successful case, and the “joint venture fails†has basically become a strange circle of joint venture development.
Taking heavy trucks as an example, the mainstream brands in the commercial vehicle market are mainly FAW, Dongfeng, Futian, China Heavy Duty Truck, Shaanxi Auto, and SAIC Iveco Red Rock. Among these six companies, only SAIC Iveco Hongyan is a joint venture. Industry experts pointed out that the expensive price has become an important reason for the joint venture to defeat the commercial vehicle market.
In the future, after the commercial vehicle stocks are released, the foreign-owned brands will reduce the production cost of commercial vehicles in China after the company is established in China, and further reduce the price of the models. In addition, in the future, foreign-funded brands of commercial vehicles will enter the Chinese auto market. When the demand for the Chinese commercial vehicle market is improved, it will also force the development of China's independent commercial vehicle brands.
Passenger car sector will face eight major influences
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