On June 1, the National Development and Reform Commission formally issued the “Development Policy for Automobile Industry†(abbreviated as “New Policyâ€). Compared to the "Auto Industry Industrial Policy" formulated in 1994, the new "Policy" revise the contents of many old-fashioned industrial policies that are not in harmony with the rules of the planned economy and WTO rules, and aims to advance the structural adjustment and upgrade of the automobile industry and comprehensively improve the automobile industry. International Competitiveness.
Improve the status of the automotive industry
The new "Policy" clearly stated that the policy objective of the domestic automotive industry in recent years is: China's auto industry will develop into a pillar industry of the national economy in 2010. By then, China will become the world's major automobile manufacturing country. Products will meet most of the domestic demand, and batch Enter the international market. We believe that the old version of the industry policy added "China has become the world's major automobile manufacturing country," and once again emphasized the positioning of the automobile "national economic pillar industry", and conveyed the government's clear attitude in supporting the development of the automobile industry.
Promote industrial restructuring
From the new "policy" detailed rules, the intention of restricting new entrants and increasing industry concentration is very clear, and clearly pointed out that this kind of industrial restructuring can be promoted in three ways.
Encourage auto companies to establish large-scale enterprise groups in a restructured manner. The new "policy" clearly defines for the first time the definition of "large-scale automobile enterprises", that is, automotive enterprise groups that meet the characteristics of "unified planning, self-developed products, independent product trademarks and brands, sales service systems, and management integration, and their core enterprises. The domestic market share of automotive products produced by its wholly-owned subsidiaries, holding companies, and Sino-foreign joint ventures is more than 15%, or the annual sales revenue of auto vehicles will exceed 15% of the total vehicle sales revenue of the entire industry. As a large enterprise group.
Limit auto investment overheating
Establish an exit mechanism for vehicle and motorcycle industries and limit auto investment overheating. The new "policy" mainly limits auto investment overheating through two aspects: First, it raises the threshold for auto investment. Under the new filing and approval system (formerly the examination and approval system), the state has mainly increased the investment standards for new-build auto projects: the total project investment must not be less than 2 billion yuan, of which the self-owned funds must not be less than 800 million yuan. Establish a product research and development institution with an investment of not less than RMB 500 million, and set a higher starting point for the initial investment scale of heavy trucks and passenger car projects; investment projects for new passenger vehicles and heavy truck manufacturers should be included as The engine production for the complete vehicle (the starting point for the engine project investment is also high). The second is to establish an exit mechanism for the automobile and motorcycle industries: Such production enterprises that cannot maintain normal production and operation shall be specially publicized, and shall not transfer the production qualification of automobiles and motorcycles to non-automobile and motorcycle production enterprises and individuals. The state encourages The enterprises are converted to special vehicles, auto parts or other auto vehicle production companies for asset restructuring.
It can be expected that after the implementation of the new "Policy", it will be difficult for peripheral industries such as home appliances, mobile phones, and alcohol to enter the auto industry. It is difficult to repeat events such as the acquisition of Yaxing shares by Greencool.
Encourage car consumption
The biggest change in the new "Policy" from the previous draft was the introduction of the "Car Consumption Policy," which was planned to be released separately, into the entire industrial policy. The content of the consumer policy has absorbed the essence of the “consumption and pricing policy†in the tenth chapter of the automobile industry policy in 1994. The new "policy" clearly stipulates: to guide auto consumers to purchase and use cars with low energy consumption, low pollution, small displacement, new energy, and new power; where the auto purchase, use, and property rights disposal do not meet national laws and regulations and this policy requires All restrictions and conditions attached shall be amended or cancelled. It can be expected that some of the large and medium-sized cities will cancel the “local policy†of micro-vehicles and the collection of car license fees.
Encouraging auto companies to develop independently
The new "Policy" has clearly defined the forms of self-development for the first time. It can adopt methods such as self-development, joint development, and commissioned development. It also gives distinct support to independent development from three aspects: 1. Taxation on research and development activities that comply with national technology policies. Support; second, for any investment in line with the state's taxation requirements for the promotion of enterprise technological development of independent research and development facilities, can be listed before the income tax. In previous discussion papers, foreign-funded disputes about "China's domestic auto companies owning self-owned products to reach 50% of domestic auto sales in 2010" were deleted. It can be expected that the technology development fee of domestic auto companies will show a significant upward trend. It is estimated that in the coming years, due to the increase of independent research and development expenses and transfer of foreign technology transfer fees, the proportion of domestic automotive technology development expenses to sales revenue will also increase from 0.5% to 3% to 5% of the international average.
Promote automakers' local procurement
Compared with the old version of the policy, the new “policy†replaces the localization “40%†requirement by “recommended vehicle certification†and stipulates that “taxes will be imposed on vehicle products that constitute “vehicle characteristics†at the full vehicle tax rate†and that “the vehicle "Characteristics" is defined as the engine assembly, body (cab) assembly, transmission assembly, drive axle assembly, non-drive axle assembly, frame assembly, steering system, brake system (including ABS), air conditioning system. It can be foreseen that, as a result of the compensation for auto parts companies after the cancellation of the “localization†policy, the levy of vehicle tax rates on KD projects will force more automakers to choose to manufacture and purchase components in China.
Guide the coordinated development of related industries
The new policy emphasizes that the automobile industry must combine the national energy structure adjustment strategy and emission standards, promote the industrialization of energy-saving and environmentally friendly small-displacement vehicles, focus on the development of hybrid vehicle technology and diesel engine technology for cars, and improve fuel economy. Has paid attention to the external issues of the development of automobiles. With the continuous increase in the number of car ownership, the three major social issues such as energy shortages, environmental pollution, and transportation problems have become increasingly evident. The negative impact of the development of the automobile industry on the social environment cannot be ignored. If these issues are allowed to develop, Relative to internal issues such as car recalls, it will eventually form a fatal constraint on the development of the automotive industry.
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