Special Administrative Measures for Foreign Investment Access (Negative List) (2020 Edition)

On June 23, National Development and Reform Commission (NDRC) and Ministry of Commerce（MOFCOM）issued the Special Administrative Measures for foreign investment access (negative list) (2020 Edition). Among them, the special management measures related to the automobile industry are as follows: in addition to special purpose vehicles, new energy vehicles and commercial vehicles, the proportion of Chinese shares in vehicle manufacturing shall not be less than 50%. The same foreign investor may establish two or less joint ventures to produce similar vehicle products in China. (in 2022, the restrictions on the proportion of foreign shares in passenger car manufacturing and the restriction that the same foreign investor can establish two or less joint ventures to produce similar vehicle products in China) shall be abolished.