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As EV quotas loom, automakers poised to buy carbon credits
Yang Jian | 2017/7/21

SHANGHAI -- Beijing is determined to impose quotas on electric vehicle output for automakers via a carbon credit trading program next year -- whether or not the industry is ready for it.  What will automakers do if they cannot ramp up production of EVs as quickly as required? Well, they can buy carbon credits from Chinese EV makers.   And that seems to be the strategy that many automakers -- both foreign and Chinese -- are likely to adopt.  Pictured: Yang Jian is managing editor of  Automotive  News China.
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China, U.S. fail to agree on key trade issues
Reuters | 2017/7/20

WASHINGTON -- The U.S. and China failed to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over U.S. President Donald Trump's economic and security relations with Beijing. U.S. demands at the annual economic session in Washington included reducing excess Chinese steel capacity, reductions in China¡¯s auto tariffs, cutting subsidies for state-owned enterprises, ending Chinese requirements for data localization and lifting ownership caps for foreign firms in China.

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  Beijing allows foreign automakers to form new EV ventures
Automotive News China | 2017/7/4

Beijing will allow foreign automakers to establish new joint ventures with local companies to produce electric vehicles to spur higher production of low and zero emissions vehicles. The partnerships will be restricted to building battery-powered EVs, according to revised directives on foreign-invested industries released last week by the Ministry of Commerce.
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  China plans to dominate global production of EV batteries
Bloomberg | 2017/6/30

As Tesla founder Elon Musk races to finish building the world¡¯s biggest EV battery factory in the Nevada desert, China is poised to leave him in the dust.  Chinese companies plan to build a wave of battery factories that would produce nearly 160 gigawatt-hours annually by 2021, according to a report published this week by Bloomberg Intelligence.
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  China upholds electrified vehicle quotas despite industry protests
Reuters | 2017/6/20

BEIJING -- China upheld strict sales quotas for electrified vehicles in its latest draft regulation, ignoring concessions agreed to this month by Chinese Premier Li Keqiang and German Chancellor Angela Merkel.  The draft, posted on the website of the Legislative Affairs Office for China's cabinet, maintains that automakers must sell enough EVs or plug-in hybrid vehicles to generate "credits" equivalent to 8 percent of annual sales by 2018, 10 percent by 2019 and 12 percent by 2020.
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  China to limit new assembly plants to ease capacity glut
Reuters | 2017/6/16

BEIJING  -- China¡¯s top state planner said it would tighten regulations for building assembly plants for traditional gasoline-burning vehicles, as the country cracks down on "zombie" automakers.  The policy, issued by the National Development and Reform Commission on its website, extends to the automotive sector Beijing's fight against overcapacity and "zombie" companies that is underway in the coal and steel sectors.
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  China halts new EV production permits, sources say
Bloomberg | 2017/6/9

China plans to stop issuing new production permits for electric vehicles pending a review of the policy designed to encourage innovation, according to people familiar with the matter.  The National Development and Reform Commission, which oversees new investments in the auto industry, wants to evaluate the program after handing out 15 production licenses over the past year, the sources said. 
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  California, China to share clean-air technology
Reuters | 2017/6/9

BEIJING  -- California said it would cooperate with China on clean technology, emissions trading and other "climate-positive" efforts in a bid to fill a gap left after U.S. President Donald Trump pulled out of the Paris climate accord last week.  The government of California and China's Ministry of Science and Technology will work together to develop and commercialize know-how on carbon capture and storage, clean energy, and information technology to rein in greenhouse gases, according to a Tuesday statement.
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China makes concessions to Germany on EV quotas
Reuters | 2017/6/2

BERLIN -- Germany persuaded China to make concessions on its proposed quotas to encourage the production of electric vehicles, Chinese Premier Li Keqiang and Chancellor Angela Merkel said after talks in Berlin on Thursday. Li told a joint news conference he had discussed the issue at a dinner in Berlin on Wednesday and China had agreed to make concessions to automakers, without giving details.

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Daimler, BAIC agree to make EVs in China
Reuters | 2017/6/2

Daimler and its Chinese joint venture partner BAIC Motor Corp. agreed to upgrade the Mercedes-Benz factory in Beijing to make electric cars. Daimler also agreed to acquire a minority stake in Beijing Electric Vehicle Co., a subsidiary of the BAIC Group, to enhance collaboration on developing so-called new energy vehicles.

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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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