Rumors of forced JVs 鈥榰nfounded鈥
Print Edition
THE European trade body in China said the government is not planning to force foreign auto parts suppliers operating in the country to form local joint ventures, dismissing a report last week that had stirred concern among European companies.
Germany’s Stuttgarter Zeitung newspaper reported that China had urged three German car parts suppliers to establish partnerships with local rivals, citing the head of German auto parts supplier ElringKlinger AG.
“The European Chamber is confident that these rumors are unfounded and that the Chinese government has no intention to require the formation of joint ventures in the sector,” the European Union Chamber of Commerce in China said in a statement on its website.
The chamber said the joint venture rumors could be the result of a misunderstanding stemming from existing restrictions dating from 2011 for suppliers in the electric vehicle segment.
The talk of ventures being forced on Western companies comes at a sensitive time for China’s auto industry as the country’s anti-monopoly regulators step up their probes into the automobile and auto parts sector.
The trade body added that it had spoken with the companies involved, the relevant Chinese authorities, the country’s automotive manufacturers association, and numerous member companies in the automotive sector.
“The European Chamber has been reassured by the Chinese authorities that such a move would be contrary to government intentions to further liberalize the auto parts sector,” it said.
Last month, China fined a dozen Japanese parts makers a record US$201 million for manipulating prices.
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