China Revamps Rules - aftermarketNews

Main Navigation

Advertisement
Social Connect
Resources
Our Brand Family
AftermarketNews - Babcox Media
The Business of Selling Parts
Trends

China Revamps Rules

China, the world's third-largest vehicle market, has unveiled a new policy that prods carmakers to merge into fewer, bigger groups and protects China FAW Group Corp . and other large producers. The policy, which took effect Tuesday, requires companies to provide from their own funds at least 40 percent of the 2 billion yuan ($241 million) of investment needed before they are allowed to make cars, according to a copy of the policy placed on the Web site of China's State Development and Reform Commission. The new rules will also grant speedier approval for expansion to automakers with at least 15-percent market share.

aftermarketNews Staff
By aftermarketNews Staff

From Detroit Free Press

Related Articles

BEIJING — China, the world’s third-largest vehicle market, has unveiled a new policy that prods carmakers to merge into fewer, bigger groups and protects China FAW Group Corp . and other large producers.

The policy, which took effect Tuesday, requires companies to provide from their own funds at least 40 percent of the 2 billion yuan ($241 million) of investment needed before they are allowed to make cars, according to a copy of the policy placed on the Web site of China’s State Development and Reform Commission. The new rules will also grant speedier approval for expansion to automakers with at least 15-percent market share.

“The new policy may help big automakers to grow through consolidation,” said Zhang Xin, an auto analyst at Guotai Junan Securities Co . in Beijing.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

ecommerce channel conflict auto parts suppliers
Amazon Uveye
JNP Soft Opticat Eucon
Trends

How Sustainability is Driving the Future of the Aftermarket

The rise of sustainable business has hit an apex over the last decade, and more recently within the automotive aftermarket.

Madeleine Winer
By Madeleine Winer

When two of the largest automotive aftermarket industry associations – MEMA Aftermarket Suppliers and the Auto Care Association – launch sustainability groups within six months of each other, it’s a sign to take notice. The rise of sustainable business has hit an apex over the last decade, and more recently within the automotive aftermarket. An expanding climate crisis, growth in clean tech and rising pressure from government regulations, stakeholders and consumers are at the forefront of this change. With 76% of Americans expecting companies to take action against climate change, according to a survey from Cone Communications, there’s no question that sustainability will be part of your company’s operations in the future – if it isn’t already.

Read Full Article

More Trends Posts
Solera Study Reveals AI Priority for Fleet Operations

Fleets are prioritizing AI to streamline maintenance, speed up driver workflows and improve risk capture, the study found.

By aftermarketNews Staff
Why the Aftermarket is a Tantalizing Investment Opportunity

The automotive aftermarket will likely continue to be a compelling investment target for private equity.

By Josh Cable
automotive aftermarket M&A
The Connected Car Services Customers Will Pay to Have

Once consumers use connected services, they are satisfied and likely to resubscribe, an S&P Global Mobility survey found.

By aftermarketNews Staff
connected car
Cummins Acquires Key Fuel Cell, Electrolyzer Technologies

The acquisition enables continued investment and growth in hydrogen technologies.

By aftermarketNews Staff

Other Posts

Airbiquity Teams Up With BlackBerry To Safeguard OTA Updates

The companies are aiming to empower OEMs to adopt the Uptane Security Framework and address OTA security challenges.

By aftermarketNews Staff
Airbiquity BlackBerry
Continental Adds Intrusion Detection to Telematics Products

Continental’s cyber-enhanced TCUs are expected to be installed in tens of millions of vehicles over the next few years.

By aftermarketNews Staff
Survey: 70% of Drivers Uncomfortable with Self-Driving Cars

In the survey, 90% of respondents strongly believed autonomous cars should always have a human backup driver.

By Madeleine Winer
Self-driving cars
ChatGPT: Coming to a Mercedes Near You

The automaker is adding ChatGPT to the “Hey Mercedes” MBUX voice assistant.

By aftermarketNews Staff