Sino-German cooperation in the transport sector to strengthen the innovation will become an important issue

Posted on 10/11/2014 3:50:49 PM

According to the agreement, FAW - Volkswagen shares than the structure of the joint venture will be adjusted to the current German 60:40 51:49.
FAW - Volkswagen General Manager's Office, responsible person today in an interview with the Economic Observer Online reporter interviewed confirmed that, under the witness of Sino-German Prime Minister, FAW - Volkswagen shareholders of both China and Germany - FAW Group and Volkswagen was October 10 in Berlin signed a joint venture contract to extend the operating period, while the two sides agreed in principle to promote equity ratio adjustment issues in the context of China's relevant laws and regulations.
This is the industry came "FAW - Volkswagen joint venture equity ratio will be adjusted" message years later, the joint venture company for the first time this official statement to confirm. In this regard, the FAW - Volkswagen General Manager's Office official said, "(FAW - Volkswagen) joint venture equity ratio was jointly decided by the shareholders of both companies after deliberation, and reported by the relevant government authorities, the equity ratio adjustment in favor of shareholders of both companies and joint ventures the long-term interests of the enterprise. "
When the above statement with Premier Li Keqiang's visit to Germany yesterday and positive attitude on the relevant issues are very consistent. During the visit to Germany, Premier Li Keqiang on close cooperation between China and Germany in the automotive sector fully affirmed, focus on the future development and deepening of cooperation, Li Keqiang also made it clear that: "China will actively consider the increase in the FAW Volkswagen - Volkswagen joint venture percentage of shares in the enterprise request. "
China FAW Group and Volkswagen close to high-level senior analyst told the Economic Observer Online reporter, made the shares in the ratio after adjustment, FAW Group, as the Chinese shareholder in the joint venture company will remain relatively controlling position, which is to expand and deepen bilateral cooperation in the field even further deepen trust between China and Germany are extremely beneficial to shareholders. "To put it plainly, this is a business, equity change behind the Chinese certainly do not lose money."
According to the parties' contract, "the joint venture contract, in addition to including the extension of the joint venture operating period of 25 years, the written terms of the content also includes both shareholders of the FAW - Volkswagen's product planning support, intellectual property, production planning are given; this Meanwhile, the contract also special agreement, the joint venture parties will further support the FAW - Volkswagen enhance research and development capabilities and planning capacity, the development of new energy vehicles products.
Analysts aforementioned judgment, which means that the public will be localized R & D and production, procurement and other aspects of self-giving FAW - Volkswagen more autonomy.
FAW - Volkswagen official website information, FAW - Volkswagen Automotive Co., Ltd. (hereinafter referred to as the FAW - Volkswagen) on February 6, 1991 formally established by the China First Automobile Group Corporation, Volkswagen AG, Audi AG and Volkswagen (China) investment Co., a joint venture of a large passenger car production enterprises, is China's first start by building a modern economy of scale passenger car manufacturers.
According to the plan, FAW - Volkswagen Sino-German Joint Venture contract will expire in 2016, but are overwhelmed by signing ahead of "renewal."

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