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Home >> Suppliers
  China, U.S. clash over excess steel capacity
Reuters | 2017/7/25

China, seeking a more positive spin on recent U.S.-China economic talks that were viewed as ending in discord, said the two sides agreed to "active and effective measures" to reduce excess steel production capacity.
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  Valeo's sales surge in first half
Automotive News China | 2017/7/25

French supplier Valeo SA's sales to auto manufacturers in China topped 1.1 billion euros (8.5 billion yuan) in the first six months of the year, an increase of 24 percent from a year earlier.  The company said it enjoyed strong sales to Chinese automakers, which represented 39 percent of Valeo¡¯s orders in the country. 
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  Baidu taps Microsoft to design self-driving cars
Automotive News | 2017/7/21

Baidu Inc. is relying on Microsoft to extend its self-driving car ambitions outside of China.  The two companies first said they would work together to develop Apollo, Baidu's open-source autonomous vehicle platform. Under new details released from Baidu, Microsoft will now provide data storage, security and artificial intelligence services to the project.
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  Faurecia buys stake in Chinese infotainment supplier
Reuters | 2017/7/21

French interiors supplier Faurecia is acquiring a majority stake in Chinese in-car entertainment and technology company Jiangxi Coagent Electronics for 1.45 billion yuan ($210 million). "This acquisition marks another important step in the development of our technology offer for the cockpit of the future," Faurecia CEO Patrick Koller said.
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  Faurecia to supply seats to GM's Wuling venture
Automotive News China | 2017/7/11

French supplier Faurecia SA has formed a joint venture with Chinese parts supplier Liuzhou Wuling Industry Co. to build seats for SAIC-GM-Wuling Automobile Co., General Motors¡¯ joint venture that produces entry-level vehicles.  The seat joint venture was incorporated last week in the southwest China city of Liuzhou, according to Faurecia.
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  Cooper-Standard expects to double China sales in 4 years
Automotive News China | 2017/7/11

Cooper-Standard Automotive Inc. expects to double China revenues by 2021 by expanding output of sealing, fuel system and anti-vibration components to meet rising car and light-truck production, company chairman and CEO Jeffrey Edwards said. While the U.S. company established manufacturing operations in China later than most suppliers, revenue from China business this year will be approximately $500 million (3.3 billion yuan), and over $1 billion by 2021, Edwards says.



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  Magna expects to double China sales by 2019
Automotive News China | 2017/7/4

Magna International Inc. projects its annual sales in China will nearly double by 2019 thanks to robust growth at its seat and transmission divisions. "Our financial forecasting indicates we are going to be in the range of $6 billion (40 billion yuan) by 2019," said Magna Asia President Jim Tobin at a news briefing in Shanghai.
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  Cooper Standard opens r&d center in Shanghai
Automotive News China | 2017/7/4

SHANGHAI -- Cooper Standard opened two technical centers in Shanghai to develop and test sealing systems for automotive applications. The test laboratory, located in the city's Qingpu district, is part of a 1,100 square-meter center, while a separate 1,140 square-meter prototype lab features a production line to speed development of new materials.
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  Johnson Controls to build 1.3 billion-yuan battery plant for stop-start systems
Automotive News China | 2017/6/20

Johnson Controls Inc. will construct a 1.3 billion yuan ($200 million) battery plant in Jiyuan in north China¡¯s Henan province to supply automakers in China.  The factory will produce absorbent glass mat batteries for use in stop-start systems, with output slated to start in 2018. 
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  Continental to supply parts for self-driving vehicles to NIO
Automotive News China | 2017/6/6

Continental AG has contracted to supply Chinese electric vehicle startup NIO with parts for self-driving vehicles.  Under an agreement signed last week, Continental will deliver technology for wireless charging, automated driving and digital cockpit technologies.  The German company already supplies suspension systems and tires to NIO.
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TOP 10 HEADLINES
OF THE LAST WEEK
As EV quotas loom, automakers poised to buy carbon credits

Porsche deliveries jump in first 6 months behind 2 crossovers

Volvo to take stake in Lynk & CO

Baidu taps Microsoft to design self-driving cars

Audi ad, comparing wife to a used car, gets cool reception

Faurecia buys stake in Chinese infotainment supplier

Daimler, Chery resolve EV trademark dispute

Faraday hires veteran BMW exec to guide turnaround

China, U.S. fail to agree on key trade issues

BMW June deliveries rise as small models thrive

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