Watch and read about the webinar on opportunities in the remanufacturing industry in China

Additional questions answered by Xie jianjun (Secretary General of CPRA)

According to the information gathered by CPRA (Automobile parts remanufacturing branch of China Automobile Industry Association), China's remanufacturing market is booming. Early strategic layout of the Chinese market will have good business opportunities. China's automotive remanufacturing industry has just developed. Local enterprises and international remanufacturing enterprises cooperate in the development of this Chinese market, especially in automotive electronics, new energy technology and other aspects of the prospects are promising.

It is cheerful to hear that the new tax/rate reservation policy offers positive opportunities for core suppliers (such as engine, gearbox and other auto parts) to export to China. But does this policy help core suppliers who only want to sell cores to China?
China's Ministry of Commerce recently issued policy to carry out the "bonded remanufacturing pilot work of automobile engines, transmissions and other products". The content to which is to allow cores (engine, gearbox, and other auto parts) outside of China to be remanufactured and processed in China’s bonded area. The remanufactured product cannot be sold in the territory of China but can only be sold to markets outside China. Currently, China's foreign trade policy cannot import waste automobile engines, gearboxes, and other products to China for remanufacturing raw materials. This bonded remanufacturing policy applies to both Chinese and foreign enterprises.

With the exception of transmissions and engines, how do you expect the policy and when this policy can be extended to other cores?
At present, according to our understanding, in addition to automobile engines and gearboxes, other auto parts can also apply for bonded remanufacturing business.

As is known, car manufacturers in China will also offer Reman Product. Is this development an option or will it be made mandatory in the long run?
The Chinese government clearly supports vehicle manufacturers to carry out remanufacturing business. At this stage we still advocating and encouraging measures. We predict that the future of vehicle companies to provide remanufactured products may become the government's mandatory requirements for the automotive industry. Contemporary in China's production of vehicles and large parts manufacturing groups, they are actively researching and planning remanufacturing product business. There will be a Reman Business Forum in the near future with both China government and OEs being involved, BMW, Audi, Land Rover and other multinational car companies have determined to participate in the Forum.

Mark your calendar for the next Rematec live webinars
Tuesday 27 September | Eyes on Electric Vehicle | 10.00-11.00 cest
Monday 7 November | Q&A session: Eyes on Electric Vehicle | 15.00-16.00 cest
Tuesday 13 December | Eyes on Europe | 10.00-11.00 cest