Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche
email:
password:
        
       Automakers     Suppliers     Gov't Regulation     Comment     LMC Automotive Data     Newsletters     Press Releases     Chinese Version
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> More Stories
  Great Wall aims to boost annual sales to 2 million crossovers, SUVs by 2020
Automotive News China | 2017/2/24

Great Wall Motor Co., China's largest manufacturer of crossovers and SUVs, aims to sell 2 million crossovers and SUVs a year by 2020, more than doubling the company's 2016 volume.  The target was disclosed by Great Wall's founder and chairman, Wei Jianjun, at a company event in the north China city of Baoding to celebrate the growth of the Haval brand.
>> Read Full Story
  GM's Baojun introduces second crossover
Automotive News China | 2017/2/24

SHENZHEN -- SAIC-GM-Wuling Automobile Co., General Motors' light-vehicle joint venture, started selling its second crossover, the Baojun 510, to meet robust demand for small crossovers.  The vehicle, with a starting price of 54,800 yuan ($7,965), targets young first-time buyers in China, GM said.
>> Read Full Story

  Ford's car joint venture launches output in Harbin, report says
Automotive News China | 2017/2/24

Changan Ford Automobile Co., Ford's passenger vehicle joint venture with Chongqing Changan Automobile Co., has started production in the northeast China city of Harbin, according to a Chinese media report.  The Harbin plant can build up to 200,000 vehicles a year, reported Internet Info Agency, a Beijing website.
>> Read Full Story

  Dealership stockpiles surge in January due to weak sales, holiday
Automotive News China | 2017/2/24

The average days supply of vehicles at dealerships in China jumped to 48 days in January, from 25 days the previous month, the China Automobile Dealers Association said.  The association blamed the surge in dealership stockpiles on weak sales caused by higher sales taxes on small vehicles and fewer working days last month.
>> Read Full Story

  Valeo's China sales rise on demand from domestic brands
Automotive News China | 2017/2/24

Valeo SA's sales to automakers in China advanced 22 percent year on year to 1.76 billion euros (12.76 billion yuan) in 2016.  Behind the robust sales growth was demand from domestic brands, which outperformed China's light-vehicle market, Valeo said.  In 2016, China's domestic automakers accounted for 42 percent of Valeo's revenue in China. 
>> Read Full Story

  Trade panel rules imported Chinese truck, bus tires don't harm U.S. industry
Reuters | 2017/2/24

WASHINGTON -- The U.S. International Trade Commission said subsidized bus and truck tires imported from China have not damaged the U.S. industry, and as a result it would not issue anti-dumping and countervailing duty orders on such products.  The negative ruling released Wednesday represented a rare outcome for the panel, which said in a statement that three of five panel members who voted came out against the damage determination.  
>> Read Full Story

  Audi dealers demand 28 billion yuan to cover sales losses
Bloomberg | 2017/2/21

Audi dealers in China are demanding 28 billion yuan ($4 billion) to cover losses that they blame on the company adding too many distributors, potentially worsening a sales decline that saw BMW and Mercedes-Benz overtake the luxury brand last month.  The dealers, meeting in Sanya on the island of Hainan, issued a statement saying their newly formed group would oppose Audi's planned formation of a joint venture with SAIC Motor Corp.

>> Read Full Story

  VW group sales fall 14% in January as Audi dealers rebel
Automotive News China | 2017/2/21

Volkswagen Group said sales of its various brands in China fell 14 percent year on year to 344,000 vehicles in January, as angry Audi dealers protested the brand's proposal to create a second sales network.  Audi deliveries plunged 35 percent to 35,181 vehicles after its dealers "planned a restrained business volume at the start of the year," according to Volkswagen. 
>> Read Full Story

  Geely seeks stake, partnership with Malaysia's Proton, report says
Reuters | 2017/2/21

Chinese automaker Zhejiang Geely Holding Group is expected to bid as early as this week for a strategic partnership with struggling Malaysian carmaker Proton Holdings, two people familiar with the bidding process told Reuters.  As part of its pitch following discussions with Proton's owner, Malaysian conglomerate DRB-Hicom, Hangzhou-based Geely, which owns Sweden's Volvo Car Group, is expected to offer Proton some of the latest vehicle technologies it has developed with Volvo's input.
>> Read Full Story

  SAIC to assemble cars in Zhengzhou this year
Automotive News China | 2017/2/21

SAIC Motor Corp. has started building an assembly plant in Zhengzhou of north China's Henan province to produce vehicles for its own car brands.  SAIC hopes to launch production before the end of this year, according to Wang Xiaoqiu, president of SAIC's passenger vehicle subsidiary. Wang made his comments to Chinese media last week during SAIC's introduction of the Roewe i6 compact car.
>> Read Full Story

  Dongfeng, FAW plan joint innovation center
Reuters | 2017/2/21

Dongfeng Motor Corp. and China FAW Group Corp. said they will build a joint innovation center, a move that brings China's two oldest automakers together after they swapped top executives in 2015.  The companies signed an agreement to develop fuel cells, in-car connectivity and testing facilities. Financial terms were undisclosed.
>> Read Full Story

  Kia to launch 3 new models this year
Automotive News China | 2017/2/21

Kia Motors Corp. plans to introduce three new models in China this year to reinvigorate its flagging sales.  The Niro, a hybrid-powered crossover imported from South Korea, hit the market this month with a starting price of 149,800 yuan ($21,800).  Two other models, the KX7 crossover and the Huaqi E300 electric car, will debut later this year, according to Hyundai Motor Co., Kia's corporate parent.
>> Read Full Story

  Hyundai will build, sell Yuedong EV in China, report says
Automotive News China | 2017/2/21

Hyundai Motor Co. plans to build and sell an electric version of its Yuedong model in China, using batteries produced by a Chinese supplier, reports  the Korea JoongAng Daily.  The Yuedong -- known as the Elantra in the United States -- has been a big seller, with more than 1.3 million sold in China since its debut in 2008.
>> Read Full Story

  COMMENT
How sour dealer relations wreaked havoc on Audi's China sales
Yang Jian | 2017/2/17

SHANGHAI -- Audi cut itself a sorry figure in China's luxury car market last month.  As Audi deliveries fell 35 percent in January, China's leading luxury brand was finally overtaken by rivals Mercedes-Benz and BMW.  It was an especially poor performance in a month when second-tier luxury brands such as Cadillac and Volvo enjoyed robust sales.  Audi attributed the plunge to its dealers, but it has only itself to blame.  Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  Mercedes, BMW top Audi in January sales
Automotive News China | 2017/2/17

Audi, traditionally China's largest luxury brand, was outsold by Mercedes-Benz and BMW after angry dealers slashed their orders for Audi models.  In January, Audi sales in China plunged 35 percent year on year to 35,181 vehicles.  By contrast, Mercedes-Benz sales surged 39 percent to 58,799 vehicles, while BMW deliveries advanced 18 percent to 51,345 vehicles.
>> Read Full Story

  Hyundai deliveries climb 6.4%, outperform the market
Automotive News China | 2017/2/17

Hyundai Motor Co.'s China deliveries increased 6.4 percent year on year to 80,017 vehicles in January despite the weeklong Lunar New Year holiday, which eliminated five selling days.  The Korean brand outperformed the market; industry sales of light vehicles in China dropped 1.1 percent to 2.2 million vehicles.
>> Read Full Story

  Skoda sales in China decline 4.3% in January
Automotive News China | 2017/2/17

China sales of Czech automaker Skoda declined 4.3 percent year on year to 30,000 vehicles in January, another sign of corporate parent Volkswagen's recent struggles in its largest market.  Volkswagen Group has not yet reported January sales for all its brands in China. However, Audi sales slumped 35 percent year on year last month to 35,181 vehicles. (See related story in this newsletter.)
>> Read Full Story

  GM unveils nine-speed automatic gearbox in China
Automotive News China | 2017/2/17

General Motors says it plans to install its new nine-speed automatic transmissions in a number of vehicles produced in China to meet the country's increasingly strict fuel economy standards.  By 2020, the transmission will be used in 13 Chinese models under the Chevrolet, Buick and Cadillac brands. 
>> Read Full Story

  Former Volvo China CEO joins EV maker
Automotive News China | 2017/2/17

Tong Zhiyuan, Volvo Car Corp.'s former China CEO, has joined FDG Electric Vehicles, a private Chinese electric vehicle manufacturer.  Tong, 54, was named FDG's COO effective Wednesday, the company said in a statement.  Tong joined Zhejiang Geely Holding Group Co. as vice president in 2009 to oversee the Chinese carmaker's acquisition of Volvo. He was Volvo's China CEO from 2010 to 2014. 
>> Read Full Story

  Chinese suppliers invest in U.S. component makers
Bloomberg | 2017/2/17

Chinese companies started talking a decade ago about cracking the U.S. auto market with an array of low-cost passenger vehicles.  That hasn't happened, so instead they're getting under the hoods of American cars by buying up parts makers at a record pace.
>> Read Full Story

  Ningbo Jifeng Auto Parts to buy stake in German interior trim supplier
Reuters | 2017/2/17

FRANKFURT -- German automotive interiors maker Grammer said it plans to sell a 9.2 percent stake to China's Ningbo Jifeng Auto Parts Co. as the supplier looks to counter activist shareholders.  Grammer's management has sought to rebuff Bosnia's Hastor family, which owns a 20 percent stake in the company and has campaigned for seats on the supervisory board. 
>> Read Full Story

  Light-vehicle deliveries dip in January
Automotive News China | 2017/2/14

China's light-vehicle sales edged down 1.1 percent from a year earlier to 2.22 million vehicles in January, the China Association of Automobile Manufacturers reported.  The association blamed the decline on a higher tax on small vehicles and the timing of the weeklong Lunar New Year holiday. 
>> Read Full Story

  China sales of EVs, plug-in hybrids plunge 74% in January
Reuters | 2017/2/14

BEIJING  -- Sales of electric and plug-in hybrid vehicles in China plunged 74 percent year on year in January to only 5,682 units as Beijing cracked down on companies that cheated to inflate their EV subsidies.  Deliveries of battery-electric vehicles fell 68 percent to 4,978 units, while plug-in hybrid sales dropped nearly 90 percent to 704 units, according to the China Association of Automobile Manufacturers.
>> Read Full Story

  China forecasts 800,000 EV sales in 2017
Reuters | 2017/2/14

China is expected to generate sales of more than 800,000 electric cars and plug-in hybrid vehicles this year, an increase of at least 58 percent from 2016, state media reported.  China has aggressively spent billions of yuan to promote EVs, and sales began to boom in 2015. But the government wants the market to be driven by natural consumer demand, so it has reduced subsidies by 20 percent this year and plans to eliminate the payouts entirely by the end of the decade.
>> Read Full Story

  BMW sales rise but lose ground to Mercedes
Automotive News China | 2017/2/14

BMW's China sales jumped 18 percent year on year to 51,345 vehicles in January, an impressive increase in light of the shortened selling period due to the Lunar New Year holiday.  BMW was still overtaken by rival Mercedes-Benz, whose deliveries during the period jumped 39 percent to 58,799 vehicles.
>> Read Full Story

  China to build 800,000 EV charging points in 2017
Automotive News China | 2017/2/14

China will install 800,000 recharging units for electric vehicles this year to accommodate the nation's growing EV fleet, the Xinhua news service reported, citing the National Energy Administration.  The expansion of the nation's public recharging network calls for 100,000 new public charging units to supplement the current network of 150,000 units.
>> Read Full Story

  Hyundai to launch output at 5th China assembly plant in August
Automotive News China | 2017/2/14

Beijing Hyundai Motor Co.'s fifth assembly plant is due to begin production in Chongqing in August, reported Internet Info Agency, a Beijing-based website.  The new factory will produce up to 300,000 vehicles a year, according to the website, which cited Hyundai Executive Vice President Liu Zhifeng.
>> Read Full Story

  A123 wins contract to supply batteries for SAIC-GM
Automotive News China | 2017/2/14

A123 Systems, a U.S. battery maker owned by Chinese supplier Wanxiang Group Co., won a 6.9 billion yuan ($1 billion) contract to produce batteries for SAIC General Motors Corp.  The company will supply 2.6 million lithium ion batteries for 48-volt start-stop systems for vehicles to be produced by GM's joint venture with SAIC, according to a statement posted by Wanxiang.
>> Read Full Story

  COMMENT
Here's why you shouldn't panic over January's weak sales
Yang Jian | 2017/2/10

SHANGHAI -- The new year didn't begin well for global automakers in China. Except for a limited few, most have reported steep sales declines for January.  Last month, sales of passenger vehicles fell 9.8 percent to 2.12 million units, the first monthly decline in a year, according to the China Passenger Car Association.  Ford, General Motors, Toyota and Nissan  reported declining sales. Only a few companies -- such as Mercedes and Geely -- had a good month.  Despite the dismal numbers, there is no need to panic. The sales slump was largely the result of two short-term factors.  Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  FAW ex-chairman goes to prison for taking bribes
Automotive News China | 2017/2/10

Xu Jianyi, the former chairman of China FAW Group Corp., was sentenced to 11 and a half years in prison Thursday for taking bribes, state-owned China Central Television reported.  At the No. 1 Intermediate People's Court of Beijing, Xu was convicted of taking bribes worth 12.2 million yuan ($1.8 million), according to the  TV report.
>> Read Full Story

  GM, Ford post steep sales declines in January
Automotive News China | 2017/2/10

General Motors and Ford Motor Co. suffered a sharp downturn in China deliveries last month, and both blamed the declines on a higher purchase tax and the Lunar New Year holiday.  Last month, GM's China deliveries slumped 24 percent year on year to 321,264 vehicles, while Ford's plunged 32 percent to 88,432 vehicles.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
How sour dealer relations wreaked havoc on Audi's China sales

Mercedes, BMW top Audi in January sales

Hyundai deliveries climb 6.4%, outperform the market

Skoda sales in China decline 4.3% in January

GM unveils nine-speed automatic gearbox in China

Former Volvo China CEO joins EV maker

Chinese suppliers invest in U.S. component makers

Ningbo Jifeng Auto Parts to buy stake in German interior trim supplier

Light-vehicle deliveries dip in January

China sales of EVs, plug-in hybrids plunge 74% in January

Our Newsletter Editions
Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

Select your newsletter     

 

Automotive News China
Room 1303, Building 2, Lane 99, South Hongcao Road,
Shanghai 200233
Telephone: 86-139-1851-5816
Fax: 86-21-6495-0895
 
Home | Help Center | About Us | RSS
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.
ICP06057291