China
        

From Chinese media

China to set limits on new-energy JVs

Updated: 2011-05-13 15:16

By Qiang Xiaoji (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

China plans to limit foreign investors' investment proportion in new projects for key components of new-energy vehicles to under 50 percent, the National Business Daily (NBD) reported.

Related readings:
China to set limits on new-energy JVs China fine-tunes wind turbine industry
China to set limits on new-energy JVs China to build 100 new-energy model cities
China to set limits on new-energy JVs China should strive to make new-energy cars appealing
China to set limits on new-energy JVs New energy industries to fuel China's green growth

This is the first time that China's authorities clearly defined the investment proportion of joint ventures producing key components for new-energy cars, NBD said.

According to the guide co-issued by the National Development and Reform Commission and Ministry of Commerce, the key components include a wide range of car parts such as power battery, cathode material, battery management system, motor management system and drive motor.

The new guide will not only set a threshold for transnational corporations to establish new auto parts companies in China but also extend the restrictions to some traditional car parts.

E-paper

Green works

Wuxi becomes 'test case' for facing country's environmental challenges

Preview of the coming issue
The global rise of Chinese brands
China-EU trade on solid ground

European Edition

Specials

The song dynasty

There are MORE THAN 300 types of Chinese operas but two POPULAR varieties are major standouts

Cut above the rest

One of the world's oldest surgeons has performed more than 14,000 operations

From the ground up

Architect of Guangzhou Opera House has many projects under way, including 2012 Olympics.

Her story is history
Sino-US Dialogue
Drunk driving