Jan 26, 2021 11:45 AM (GMT+8) · EqualOcean
Huang Libin, a spokesman for the Ministry of industry and information technology, said that in accordance with the unified deployment of the central government to further expand opening up, the restrictions on foreign shares in passenger cars and no more than two joint ventures will be lifted in 2022, and foreign investment in automobiles will be fully opened at that time. In the next step, we will adhere to the concept of global development, actively carry out exchanges and cooperation with relevant countries in the fields of R & D and design, trade and investment, standards and regulations, jointly maintain the stability and smooth flow of automobile supply chain, guide industry enterprises to take the initiative to respond to changes and train their internal skills, develop advanced and applicable vehicles, and enhance their technological innovation ability. The innovation ability will also have a new development pattern.

This text is a result of machine translation.