The head of China’s powerful domestic car lobby has warned foreign car companies that their local joint ventures should not be reliant on them for technology but instead develop their own R&D capabilities – a strategy many multinational carmakers have been slow to adopt.
Dong Yang, secretary-general of the China Association of Automobile Manufacturers, also said foreign-invested joint ventures should help China export 20 per cent of its annual vehicle production by 2020. China’s passenger vehicle market is the world’s largest, recording more than 18m unit sales last year.
Most foreign-invested car factories are focused exclusively on supplying soaring Chinese demand, which increased about 15 per cent in 2013.
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