Reported about 1 year ago
The government is considering setting a threshold for the localization production rate for domestic cars, and the Vehicle Association has voiced its support for limiting imports of complete vehicles from mainland China. However, due to the relatively small domestic market and intense competition, the association believes that the initial localization rate should not be set too high. They emphasize that increasing the localization rate will take time, market support, and government assistance in enhancing the competitiveness of component manufacturers. The association supports a diverse brand development and emphasizes the importance of clarifying and establishing policy directions to meet the challenging demands of the highly competitive market for both vehicle and component manufacturers.
Source: YAHOO