As the first-round auto joint venture period has expired, some auto companies have chosen to renew their contracts. Some insiders accepted an interview with the Yangcheng Evening News yesterday and said that the Chinese auto industry has been open to the public for 30 years. The joint venture model has not achieved the goal of "market-for-technology", so the agreement should not be renewed.
However, some experts believe that in the face of the 20 million vehicle sales in a year and the global market, the multinational auto giants will lay down their bodies in the new round of joint ventures and actively seek to create new joint ventures. Therefore, China’s right to speak will also increase, and eventually get some of the technology that they want.
Choosing to renew the contract has become the mainstream. Although the joint venture contract between BMW and Brilliance has been four years since its expiration, the two sides have laid out the next phase of development plan in advance in order to further deepen cooperation. BMW Brilliance recently revealed that the two companies have completed the second phase of the joint venture renewal, and the new joint venture contract will be extended to 2028.
A Li surnamed industry analyst said that the mainstream joint venture car companies will choose to renew. "From the point of view of the joint venture car companies that have completed the renewal, the extended cooperation between Volkswagen and SAIC and FAW is the best proof." It is understood that in April 2012, Wende Group, Chairman of the Board of Management of Volkswagen Group, and Chairman of SAIC Group Hu Maoyuan signed a joint statement and decided to build a new factory in Urumqi. He signed a letter of intent with Xu Jianyi, chairman of FAW Group, and plans to extend the FAW-Volkswagen joint venture contract for 25 years.
According to the requirements of the “joint venture regulations†related to the domestic automobile industry, the joint venture period for general projects is 10 years to 30 years, and the maximum period cannot exceed 50 years. Judging from the current joint venture or extended joint venture period, the new round of automobile joint ventures will mostly be due to expire in around 2030. For example, Shanghai Volkswagen's joint venture term is 2028, FAW-Volkswagen to 2032, Guangzhou Honda to 2028, and BAIC. Modern to 2032, Dongfeng Yueda Kia to 2032, FAW Toyota to 2030 and so on.
The joint venture company is no longer a foundry. Many industry insiders believe that the Chinese market is very attractive to multinational auto giants. Therefore, in the new wave of joint ventures, foreign automakers may put down their bodies and the Chinese may have the right to speak. It will increase. For example, when Mercedes-Benz negotiated a heavy-duty joint venture with FAW Group in the early years, it strongly refused to allow the existence of the “liberation†brand. In the future cooperation agreement with Foton Motor, Mercedes-Benz agreed that the two parties will satisfy the Chinese market and export with Futian Auman products. demand.
Not only that, but the fate of the joint venture "foundry" may also change. “In the past joint venture model, the joint venture company was a foundry, because the technology and products were controlled by the foreign party. Now with the rise of independent brands and the impact of the international economic environment, coupled with the Chinese market. It has become an important market for foreign car companies to rely on. Through joint ventures, China may acquire some real technologies," said Chen Zhigang, an expert in the automotive market. It is understood that as early as the first renewal of the two parties between SAIC and Dasong, the president of SAIC Group Hu Maoyuan said that "the new agreement clearly proposes to enhance Shanghai Volkswagen's product development capabilities." A senior executive of Great Wall Motor also said: "Great Wall Motor does not rule out joint ventures with foreign companies, but insists on joint development and joint production with foreign parties on the basis of independent intellectual property rights. This is the bottom line of joint ventures."
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