Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
 
China to cut tariff on imported vehicles
Automotive News China | 2017/11/14

BEIJING -- China says it will gradually lower tariffs on imported vehicles as part of a package of trade agreements announced during U.S. President Donald Trump¡¯s visit to Beijing last week.

China also will allow foreign automakers to set up wholly owned subsidiaries to produce electric vehicles in free trade zones, Vice Finance Minister Zhu Guangyao said at a press conference in Beijing Friday.

Zhu did not indicate when China will reduce a 25 percent tariff on imported vehicles. However, limits on foreign EV production will be eased fairly quickly. 

Before next June, China will start to ease restrictions on foreign ownership of EV ventures, Zhu noted.

Under existing rules, foreign automakers must form joint ventures with local partners to produce vehicles in China. Foreign automakers may own no more than 50 percent of the partnerships.

To promote foreign investment, Beijing opened its first free trade zone in Shanghai in 2013. To date, the government has established 11 such zones across the country, of which six are in coastal areas. 

Tesla Inc. has confirmed that it is in talks with Shanghai¡¯s municipal government to build EVs in the city¡¯s free trade zone. 


Related Stories
  • Chinese vehicle imports tumble 87% ahead of tariff changes
  •     --Published:2018/7/8
     
  • China lowers tariffs on imported vehicles to 15%
  •     --Published:2018/3/7
     
  • Trump's trade crusade casts uncertainty over foreign automakers in China
  •     --Published:2018/22/6
     
  • Tesla slashes Model X price up to $14,000 after China cuts import duty
  •     --Published:2018/25/5
     
  • China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes and Porsche
  •     --Published:2018/25/5
     
  • U.S. launches probe to weigh tariffs on car, truck imports
  •     --Published:2018/25/5
     
  • Foreign brands race to cut import prices after Beijing reduces tariff
  •     --Published:2018/25/5
     
  • Ford imports face delays at China ports amid trade friction
  •     --Published:2018/11/5
     
  • China may cut light-vehicle import duty by nearly half, report says
  •     --Published:2018/27/4
     
  • As China cuts tariffs, big winners won't be American brands
  •     --Published:2018/13/4
     
  • Xi renews vow to open economy, cut auto tariffs as U.S. trade dispute deepens
  •     --Published:2018/13/4
     
  • Tariffs may end Chinese vehicle exports before they really start
  •     --Published:2018/6/4
     
  • Import dealer Sinomach says 6,500 vehicles stored near Tianjin blast site
  •     --Published:2015/21/8
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    »¦ICP±¸06057291ºÅ