On April 17th, the official website of the National Development and Reform Commission released the questions and answers of the National Development and Reform Commission (NDRC) on the development of a new negative list of foreign investment and the opening of the manufacturing industry. The National Development and Reform Commission stated that the auto industry will implement separate types of transition period opening, cancel the ratio of foreign shares of special vehicles and new energy vehicles in 2018, and cancel the restriction on foreign investment ratio of commercial vehicles in 2020; cancel the restrictions on foreign capital ratio of passenger cars in 2022 and cancel the same time. There are no more than two joint ventures. Through the 5-year transition period, the auto industry will cancel all restrictions. Bloomberg pointed out that for global companies including Daimler Group, BMW Group, General Motors and Toyota Motor, it will be easier to manufacture and conduct business in China. As global car companies go deeper into the Chinese market, Chinese local car companies will face greater pressure. This news came out, the German automaker's share price reversed the downward trend and appeared to rise. Volkswagen's share price rose 0.9% to 173.48 euros, and BMW and Daimler's share price rose by about 0.5%. According to Bloomberg, Tesla is the company most likely to benefit from the opening of the joint venture. After more than a year of communication with the Shanghai government, Tesla has not yet reached an agreement with the Shanghai government. Informed sources disclosed in February that there were differences between the parties in terms of the structure of the joint venture. If Tesla can produce in China, the risk of high import taxes brought about by China-US trade friction will be mitigated. On April 11th, Reuters informed sources reported that Tesla planned to begin production of the Model Y, a small-scale crossover, in November 2019, and began production of the model in China two years later. Jaw Crusher,Mining Quarry Jaw Crusher,Copper Ore Jaw Crusher,Quarry Jaw Crusher Xinxiang Zhenying Mechanical Equipment Co., Ltd , https://www.beltconveyor.nl