Changchun to Back Local Automakers in Acquiring Premium Brands and Cross-Regional M&A

Changchun City has released the "Draft 15th Five-Year Plan for Automotive Industry Development (for Public Comment)" and is now soliciting public feedback. The document proposes seizing the policy opportunity provided by the state to support high-quality enterprises in mergers and reorganizations. It calls for supporting local vehicle manufacturers in acquiring equity stakes in or purchasing high-quality enterprises or brands with strong technological capabilities and market competitiveness through means such as equity investment and technical cooperation. Leveraging local industrial strengths, the plan aims to introduce popular vehicle models via contract manufacturing or independent production to revitalize idle vehicle production capacity. Additionally, it emphasizes analyzing the competitive landscape and expansion needs of leading domestic automakers, with a focus on attracting vehicle manufacturers possessing both technological and market advantages. The city also encourages cross-regional mergers and reorganizations and the establishment of innovative new energy vehicle companies, aiming to foster an automotive ecosystem led by industry leaders, supported by coordinated tiers of enterprises, and involving multiple levels and diverse participants.