Equity cap in commercial vehicle JVs to be removed

China Daily (Europe) | Jun 29, 2020 at 2:00 AM
  • China is scheduled to phase out foreign investors’ equity cap in commercial vehicle joint ventures starting from late July, as part of its commitment to further opening up the world’s largest vehicle market.
  • Gasoline passenger cars remain the largest automotive segment in China.
  • German premium carmaker BMW inked deals in October 2018 with its Chinese partner Brilliance Auto to raise its stake from 50 percent to 75 percent in its passenger car joint venture BMW Brilliance.