Recently, the Chinese authorities are conducting anti-monopoly investigations on foreign luxury car brands. Manufacturers such as BMW, Mercedes-Benz, Audi and Toyota have all lowered their prices for accessories, models and maintenance services to show their cooperation. According to German media reports, the European Chamber of Commerce has been criticizing China’s investigations. The details are as follows:
Earlier, the Chinese media and authorities accused foreign luxury car manufacturers of deliberately raising prices, distorting competition in the Chinese market, monopolizing the market and controlling the sales of spare parts, and profiting from it. Recently, the Chinese authorities have given a series of anti-monopoly investigations to the high-end manufacturers of foreign-funded vehicles to “make down the power†and increase pressure on the industry. BMW dealers were heavily penalized in antitrust investigations, and Audi also faced high fines.
Chinese local media reported that China’s antitrust investigation has expanded to more than 1,000 automakers, suppliers and distributors. In response, the European Chamber of Commerce accuses China's competition regulators of acting on double standards. The European Chamber of Commerce said: "In some industries, Chinese companies have the same problems, but they are not punished." In addition, in the joint venture investigation, the Chinese authorities seem to have focused on foreign joint venture partners, but did not disclose them. Named a criticism of the Chinese joint venture.
This investigation by the Chinese authorities has brought a lot of uncertainty to the entire industry. However, industry experts are guessing the purpose of the survey. Although this survey has depressed the price of foreign auto brands, it has also reduced the profits of Chinese partner companies. On the other hand, this also puts more pressure on local manufacturers. Previously, Chinese local brands competed with foreign brands through low-priced models, and now this competitive advantage seems to be lost.
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