Automobile industry investment management regulations will be officially introduced in 2018

A few days ago, the National Development and Reform Commission issued the "Regulations on Investment Management of the Automobile Industry" (draft for comments) to the relevant departments, and the current stage of soliciting opinions has ended. It is reported that this regulation will be officially introduced in 2018.

The draft for comment shows that the main purpose of the new regulations is to improve the accessibility standards for investment projects in the automotive industry, strengthen post-event supervision, regulate market participants' investment behavior, and guide the rational investment of social capital to prevent blind construction and disorderly development. Strictly control the production capacity of new traditional fuel vehicles, and actively promote the healthy and orderly development of new energy vehicles to build a smart car innovation development system.

In addition, the regulation states that it will support social capital and enterprises with strong technical capabilities to invest in new energy vehicles, smart cars, energy-saving cars and key parts research and development and industrialization, and encourage enterprises to carry out mergers and acquisitions and strategies through equity investment. Cooperation, joint research, and development of products, joint production, and industrial concentration. Support state-owned auto companies and private auto companies to carry out mixed ownership reform, strengthen alliances, establish a world-class automotive enterprise group; we will encourage key enterprises in the automotive industry to integrate superior resources in production, learning, research and use to form industrial alliances and industrial consortia.

The draft for comments has been managed from three aspects: fuel vehicles, pure electric vehicles, and parts investment. The relevant standards have been formulated with strictness and meticulousness, especially for pure electric vehicle investment, but also from project investors, investment locations, and product development capabilities. Detailed regulation is proposed in terms of production scale and so on. This means that the approval of investment in pure electric vehicle projects in the future will be more difficult, and it will be even more difficult for enterprises to obtain production qualifications.

Higher investment threshold for pure electric vehicles

Since the official implementation of the “Management Regulations for New Pure Electric Passenger Vehicle Enterprises” in July 2015, “Applying for Electric Vehicle Qualification” has become a special channel for new car companies to realize their dreams.

In order to open the door to introduce "squid", the earliest relevant departments in the qualification approval of electric vehicles are relatively loose, and the approval pace is relatively fast. In more than a year, 15 companies have obtained qualifications. However, it has been seen that the development of the market has deviated from the original intention of the policy to a certain extent. Some of the qualified enterprises have not been as innovative as the expected development, and the number of emerging enterprises is increasing and the level is uneven. According to relevant statistics, in addition to qualified companies, nearly 200 companies are waiting in line for approval. Most of the enterprises that are waiting to obtain the "birth certificate" of pure electric passenger cars are new forces, and the breakthrough point of their "striking for the city" is pure electric vehicles.

However, from June 2017 to the present, there has been no new qualification application for approval from the National Development and Reform Commission. At that time, it was reported that the industry management department was planning to suspend the approval of new energy vehicle production qualifications, but did not see it. The release of official documents. The introduction of this regulation, some industry people believe that this will mean the resumption of production qualification approval.

The following is a summary of the relevant pure electric vehicle investment content in the consultation draft for industry reference!

[Requirements for project investors]

New independent pure electric vehicle enterprise investment projects, new corporate legal persons should meet the following conditions:

(1) All shareholders shall not withdraw their share capital until the project is completed and the output reaches the construction scale.

(2) Shareholders have the intellectual property rights and production capacity of key components such as vehicle control systems, drive motors, and vehicle power batteries, and have strong control over key components.

(3) The existing investment projects of the newly-built pure electric vehicle enterprises of the shareholders have been completed, and the output has reached the construction scale, and there are no illegal construction projects.

(4) The equity of major shareholders is higher than one-half, and the self-owned funds and financing capacity can meet the project construction and operation needs and should meet one of the following conditions:

1. The automobile enterprise is a major shareholder. The production of new energy vehicles in fuel vehicle enterprises in the past two years is higher than the industry average. The output of pure electric vehicles last year reached the construction scale.

2. The auto parts enterprises are the main shareholders. The total number of key components (complete vehicle control system, drive motor, and vehicle power battery) in the last two years is more than 100,000 sets.

3. Designing R&D enterprises, overseas enterprises and other market entities as major shareholders, the number of pure electric vehicle products researched and developed and possessing intellectual property rights in the two years of cumulative market sales and registration of more than 30,000 passenger cars or 3,000 commercial vehicles The car, and the average mileage of the average bicycle is more than 10,000 kilometers.

[Requirements for the location of the project investment]

The regulations show that the newly built independent pure electric vehicle enterprise investment project should meet the following conditions:

(1) The proportion of new energy vehicle ownership is higher than the national average;

(2) The electric vehicle charging infrastructure is relatively complete, and the pile-to-vehicle ratio is higher than the national average.

(3) New energy vehicle zombie enterprises and zombie qualifications are all completed

(4) The existing investment projects of new pure electric vehicle enterprises have been completed, and the output has reached the construction scale.

This also means that if the province does not meet these basic conditions, it is not qualified to establish a pure electric vehicle investment project, even if some companies have already obtained relevant tickets, they may face the danger of being retired.

[Requirements for product development]

The product development organization has been established and has:

1.from pure electric vehicle concept design, system, and structural design to vehicle development, testing, stereotypes of complete research and development experience.

2. The professional R&D team and the whole vehicle are developing R&D capabilities.

3.R&D and corresponding test verification capabilities of vehicle control systems, vehicle power battery systems, vehicle integration and lightweight.

4.the body and chassis manufacturing, automotive power battery system integration, vehicle assembly, and other major trial production process and equipment capabilities.

In addition, the regulations also require investment companies to have patents and intellectual property rights for pure electric vehicle core technology inventions and obtain authorization or confirmation. In addition, the accumulated R&D investment in the last two years was not less than RMB 200 million. Another point is that the continuous development capability of pure electric vehicles is based on existing R&D institutions, and it is necessary to establish a product information database to enhance product concept design, trial production, test and inspection, and vehicle operation status monitoring.

[Requirements for after-sales service]

Product after-sales service guarantee is strong and promises to guarantee the quality of products sold within 5 years after the project is completed and put into production or by related enterprises. The net assets of the insurance company or the guarantee company in the past three years are compatible with the number of products sold by the newly-built enterprises during the guarantee period.

[Requirements for construction scale]

There are no less than 100,000 pure electric passenger cars and no less than 5,000 pure electric commercial vehicles. After the project is completed and put into production, only pure electric vehicle products with their own registered trademarks and brands will be produced.

In general, for the new energy auto industry that is currently exploding, the further regulation of management approval will play a powerful role in promoting the healthy development and operation of the health. However, for new car manufacturers, the difficulty of the challenge is further Big, but this may also be good news for companies that are really making cars on the ground.

The page contains the contents of the machine translation.