China further opens auto batteries, electronics to foreign investment

China will further open up the segments of batteries of new energy vehicles and automotive electronics to foreign investment, to level the playing field in the world's largest auto market, according to a revised guidance by the National Development and Reform Commission and the Ministry of Commerce released on Wednesday.

"Such a policy shows that the government is working to level the playing field and encourage fair economic activity. Local battery manufacturers will have more incentives to innovate and improve the quality of their products," said Wang Binggang, an expert working on the new energy vehicle research project led by the Ministry of Science and Technology.

Wang also said local governments need to strike a proper balance when implementing relevant policies.