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Commercial Ministry: Encouraging New Energy Companies Using Foreign Investment by Different Channels

Lixin QIU, vice director of Foreign Investment Dept. of Commercial Ministry, said at the Second China - Pacific Islands Energy Saving and New Energy Vehicle Development Seminars that Commercial Ministry encourages new energy companies using foreign investments by different channels, such as introducingforeign risk investment or overseas listing.

Lixin QIU said that Commercial Ministry will encourage and introduce more foreign investment inside to boost new energy and energy saving auto development. Meanwhile, it encourages companies to introduce new energy auto equipment, technology and core accessories. It will provide certain incentives for relative products and equipment import. Besides, CommercialMinistry encourages new energy area international cooperation, global research and outsourcing, R&D cooperation and Submit to foreign patent applications among auto companies and academic organizations. Create different channels to cooperation and communication, learn foreign advancetechnology.

Zhixin Wu, vice director of China Auto Technology Research Center, told media at the conference that the second round new energy encourage policy including model cites will be published soon.

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