There are wholly foreign-owned automobile enterprises in China, including Zotye, Toyota, Volkswagen and Honda. Some foreign-funded automobile enterprises have independent registered legal persons in China, completely independent management and operation rights in China, and can independently carry out production and operation activities, and have their own brands and sales channels.
A wholly foreign-owned automobile enterprise refers to an automobile enterprise established with foreign investment, which has an independent registered legal person qualification, completely independent management right and operation right in China, and can independently carry out production and operation activities, own independent brands and sales channels.