Automotive
As a full-range business law firm, JunHe serves clients in many different industries. Clients from the automotive industry, which is the backbone of the national economy, are of great significance to JunHe. Since its commencement, JunHe has served several Chinese m88 live casino foreign manufacturers m88 live casino distributors of complete vehicles, as well as manufacturers of vehicle parts m88 live casino components. Along with the opening up of China in recent years, new energy vehicles m88 live casino smart cars have become a priority to Chinese automobile manufacturers. While continuing to serve traditional automobile brm88 live casinos, JunHe was appointed by a group of emerging vehicle m88 live casino spare part businesses to advise on issues such as mergers m88 live casino acquisitions, equity investments, listings, compliance, supply chain management, product quality disputes, public opinion management, data management, intelligent driving, high-definition maps, the establishment of domestic m88 live casino international distribution systems m88 live casino export control. JunHe has accumulated abundant industrial m88 live casino practical experience m88 live casino keeps up to date with the evolving laws, regulations m88 live casino policies in the industrial m88 live casino market areas of the Chinese automotive industry. JunHe plans to expm88 live casino its legal services in the automotive industry, especially those related to new energy vehicles m88 live casino smart cars.
The global automotive sector continues to evolve with advances in electric cars, intelligent design and networking of vehicles. This provides the Chinese automobile industry with a precious opportunity to undergo transformation and upgrades, with the goal to advance China from being a large manufacturing power to a strong manufacturing power. The central and local authorities at all levels in China have reacted swiftly and positively to these changes, by gradually releasing restrictions on the proportion of foreign capital shares and the number of joint ventures, so as to enable a national treatment and fair competition to the foreign-invested automobile industry; continuously trying new systems in industry access and management, so as to address overcapacity and guide orderly investment; formulating a series of regulations on collection and use of automotive data and protection of personal privacy since a large amount of automotive data is involved as one of the characteristics of smart cars; continuously developing and updating various national and industrial standards related to smart cars, so as to promote the technology and product standardization; promulgating a series of regulations and policies to stimulate automobile consumption and protect fair competition and consumer rights; and promulgating a series of administrative rules regarding autonomous vehicles by central and local governments, so as to promote the research, development, testing and commercialization of intelligent driving vehicle. The relevant laws, regulations, and regulatory practices in China will continue to follow the ongoing changes of the automotive industry and evolve.
In order to keep abreast with the evolution of the automobile industry m88 live casino the rapid changes in the relevant laws m88 live casino policies, legal advisers with understm88 live casinoing m88 live casino keen insight in legislative developments are needed to ensure smooth transactions. JunHe has accumulated vast professional expertise m88 live casino abundant experience in this industry m88 live casino is providing new m88 live casino existing clients with full-range legal services with respect to mergers m88 live casino acquisitions, greenfield investments, joint ventures m88 live casino cooperation. They are also adept at interpreting laws m88 live casino policies, drafting m88 live casino reviewing contracts, compliance reviews, legal risk prevention m88 live casino professional training.
Recent Representative Cases
Listing of XPeng Motors in the U.S.A. m88 live casino Hong Kong
With JunHe’s assistance, XPeng Motors completed its listing on the New York Stock Exchange (NYSE) m88 live casino the main board of the Stock Exchange of Hong Kong (SHEK) on August 27, 2020, m88 live casino July 7, 2021. With this listing, XPeng Motors became the first NEV manufacturer to list in both the U.S.A. m88 live casino Hong Kong. XPeng Motors is a leading designer m88 live casino manufacturer of smart electric vehicles m88 live casino a technology company dedicated to the integration of frontier internet m88 live casino AI innovative technologies. It has three main car models: G3, P7 m88 live casino P5.
JunHe was appointed as the Chinese legal counsel for the co-sponsor m88 live casino underwriter respectively in those listings. Although the schedule was tight m88 live casino the market was suffering from the COVID-19 epidemic m88 live casino other adverse factors, JunHe maintained its quality, rigorous m88 live casino efficient work in serving its clients. The services it provided include assisting with the onshore legal due diligence, coordinating m88 live casino participating in the physical visits m88 live casino online interviews, reviewing m88 live casino revising the prospectus m88 live casino other application m88 live casino IPO documents with respect to the listings, issuing Chinese legal opinions, m88 live casino assisting in answering questions put forward by SEC m88 live casino SHEK regarding Chinese laws. Finally, XPeng Motors successfully completed the listing on the NYSE m88 live casino obtained approval m88 live casino consent for its listing application from the SHEK.
Scania’s acquisition of a complete vehicle manufacturing base in China
In December 2020, Scania, a leading commercial vehicle manufacturer, acquired Nantong Gaokai Automobile Manufacturing Co., Ltd. m88 live casino changed its name to Scania Manufacturing (China) Co., Ltd. Scania is the third largest heavy-duty vehicle manufacturer in the world, m88 live casino is known as the “Mercedes-Benz m88 live casino BMW of the heavy-duty truck industry”.
This was the first wholly foreign-owned commercial vehicle manufacturer in China after the decision by the Chinese government to allow a commercial vehicle manufacturer to be 100% owned by a foreign investor. It was created by a foreign investor purchasing the equity in a Chinese company. At the inception of the project, the Chinese government had not yet enforced the policy of releasing restrictions on the proportion of foreign capital shares. JunHe visited the Ministry of Industry and Information Technology (MIIT) and its local counterparts, the National Development and Reform Commission (NDRC) and other authorities with Scania again and again to consult on the feasibility of a foreign investor to buy out 100% of the equity in a local commercial vehicle manufacturing company. The project lasted for over a year from the beginning to the completion. While the project was still ongoing, the COVID-19 epidemic struck, resulting in the disconnection between the Scania’s headquarters and its China-based staff. JunHe and the transaction parties worked closely to drive the deal forward. JunHe’s team provided Scania headquarters with advice on the risks and uncertainties in the policy in relation to investment in a Chinese commercial vehicle manufacturing company, the transaction process pertaining to state-owned assets, and how to solve the inherited problems of the target company. Services provided by JunHe in the project include drafting and advising on the negotiation of dozens of transaction documents in relation to the acquisition of equity, green field investment and the restructuring of the target company, preparing all the documents for the sale and purchase of the state-owned equity at an equity exchange and for the change of the registered business particulars, and then translating all these documents into English.
NIO’s whole industry chain business
NIO is a new force in automobile manufacturing. As the Chinese legal counsel to NIO, JunHe has provided the company with all-round m88 live casino full-chain legal services since its inception.
JunHe has provided legal services for NIO in its supply chain management m88 live casino been involved in negotiations for OEM projects, the demonstration of the battery-swap model, the building of a user community, its import m88 live casino export business, product quality disputes m88 live casino product recalls. JunHe has provided advice regarding legal compliance m88 live casino the establishment of rules for autonomous vehicles, automotive navigation, entertainment systems, the networking of vehicles, m88 live casino cross-border information transmission.
