Reuters: Chinese government advises car companies not to invest overseas
08:22 2024/09/14
Lan Xiaowei
Reuters: The Chinese government advises car companies to try not to invest overseas. (China News Service)
According to a Reuters report quoted by Radio France, people familiar with the matter said that at a meeting in early July this year, the Chinese Ministry of Commerce warned Chinese automakers about the risks of overseas investments, told them not to invest in India, and "strongly recommended" not to invest in Russia and Turkey. Regarding the risks of setting up factories in Europe, Thailand and other places, he emphasized in a milder tone that the main purpose is to protect its cutting-edge electric vehicle technology.
The report said that Chinese companies are encouraged to continue exporting electric vehicles and assembling parts overseas, but it is recommended to use components, that is, parts made in China and assembled in other countries. This helps reduce the risk of their technology being copied while avoiding taxes on fully assembled vehicles. This approach allows companies such as BYD and Chery to capture international markets without risking exposing their technological innovations.
A reporter from RFI said that in recent years, both India and Turkey have implemented protectionist policies, which may make Chinese companies vulnerable to sudden policy changes or regulatory obstacles.
China views its electric vehicle technology as a key asset in maintaining its global competitive advantage. China believes that with India as an emerging technology power and Turkey with its strategic position and desire to build local industries, there is a risk that key technologies may be copied, misappropriated or exposed to competitors.
路透：中國政府建議車企 盡量不要在海外投資 - 兩岸
據法國廣播電台引述路透報導，知情人士稱，中國商務部今年7月初在一場會議上，警告中國汽車廠商海外投資存在風險，告訴他們不要投資印度，並「強烈建議」不要赴俄羅斯、土耳其投資；對於在歐洲、泰國等地設廠的風險
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