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After the Ministry of Industry and Information Technology issued the "Notice on Establishing the Exit Mechanism for the Automobile Industry" (hereinafter referred to as the "Notice"), the Ministry of Industry and Information Technology recently released the list of the first batch of public companies. Entering this list means that if the company fails to pass the relevant assessment after the rectification period, it will be “dismissedâ€.
According to the announcement of the "Specially Publicized Vehicle Production Enterprises (First Batch)", the first batch of 48 automobile enterprises including Jilin Tongtian Automobile Co., Ltd., Fushun Jinxin Bus Co., Ltd., and Yangzhou Xinya Vehicle Co., Ltd. will be held. The special publicity period will be from 2013. From November 1st to October 31st, 2015.
The Ministry of Industry and Information Technology said that during the special public notice period, new products declared by companies that are specifically publicized will not be accepted. If a company that has been specifically publicized has passed the assessment and meets the conditions for admission, it will cancel the special public notice and resume the acceptance of its new product declaration. After the special public announcement period expires, enterprises that have not applied for assessment of access conditions or have failed to pass the assessment will suspend their “Vehicle Production Enterprises and Products Announcementâ€, and may not go through the formalities of changing the basic conditions such as name change or relocation.
Jia Xinguang, a senior analyst in the automotive industry, told reporters that the "Notice" issued by the Ministry of Industry and Information Technology in August this year will promote the merger and reorganization of China's auto industry.
According to statistics, at present there are more than 1,300 vehicle production enterprises in China, and the Ministry of Industry and Information Technology believes that among the more than 1,000 companies, a number of enterprises have been in production or semi-discontinued state for many years. The output is extremely low or even without output, and survival is very difficult. One of the major obstacles to the merger and reorganization of China's auto industry.
An industry source said: "The acquisition of these companies can obtain a shell resource, but will also bear the corresponding burden of business, economic and other aspects, SAIC, BAIC and other large automotive groups will not basically consider them as mergers and reorganization targets."
Recently, an insider of Zhenjiang Tianyang Automobile, who was on the alert list, stated: “From the current situation, it is less likely that we will pass the assessment again. If there is no “retirement†company in the next two years, it is likely to be eliminated. risk."
As the backward companies gradually withdraw, the concentration of China's auto industry will further increase, and the pace of mergers and reorganizations will accelerate. At the beginning of this year, the Ministry of Industry and Information Technology, the Ministry of Finance, and the National Development and Reform Commission jointly issued the “Guiding Opinions†to rank the automotive industry as the first of nine key mergers and restructuring industries, and proposed that in 2015, the industry concentration of the top 10 vehicle manufacturers should be From 82.2% in 2010 to 90%.