China Readies Rigid Auto Investment Rules for 2019

Despite spending a fortune supporting burgeoning automotive manufacturers and opening its door to foreign enterprises, China’s state planner has approved strict new regulations on investments within the industry.

Following a handful of draft proposals earlier this year, China’s National Development and Reform Commission (NDRC) announced it will ban new independent businesses that make only traditional combustion engines while continuing to push for more “new energy” vehicles.

The People’s Republic has what some might call a bit of a pollution problem. But it’s also one of the largest and fastest-growing battery producers in the world; state policy aims for the widespread adoption of electric vehicles. Unfortunately, this left China with hundreds of automotive startups that will never become profitable just as the country enters an economic downturn and its first year of negative car-sale growth in decades.

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  • Jho65697139 That's going to take a lot of buffing.
  • Corey Lewis No need for unique qualifications to care for this thing, it's just a Corolla with a different body on it.
  • Jeff S How's you Fiat doing?
  • Syke Had the exact same car, only difference is that the trim was the JDM bB rather than the American xB. Enjoyed the car immensely, originally bought it because it was excellent for transporting my then-invalid wife and her wheelchair around. Best thing about it? I also owned a Porsche 924S at the same time. I could go from the Porsche to the Scion and not feel disappointed by the difference in the way they drove.
  • Tassos I have never driven this loser, but I was driven for 4 hours in the smaller XA. I had to go from Ann Arbor to CInncinatti to buy my second E320 Bluetec, and a post-doc of mine offered to take me in his pitiful XA. Luck had it that the April 2017 day we drove down there was windy, and the tiny, very lightweight, sorry excuse of a vehicle frequently felt like the wind would take it and smash it . Those of you who have a clue, will easily imagine how different was my experience on the way back, driving the 4,000 lb E320 sleek sedan.