Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> More Stories
  GSR nears $1 billion deal for Nissan battery venture
Bloomberg | 2017/5/30

HONG KONG -- GSR Capital, a Chinese private equity firm with backing from the Hubei provincial government, is nearing a deal to acquire control of a Nissan Motor Co. rechargeable battery unit for $1 billion (6.9 billion yuan), sources said.  GSR is in advanced talks with Nissan to buy a stake in Automotive Energy Supply Corp., which makes lithium ion cells for the Japanese company's Leaf electric car. 
>> Read Full Story
  Hyundai reboots in China after missile dispute
Reuters | 2017/5/30

SEOUL -- Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor Co. will open its first brand store in China, and may assemble its premium Genesis lineup locally and accelerate the launch of an SUV, sources said.  The measures are aimed at rebooting the South Korean firm's branding in China, where many see Hyundai as a low-end maker of city taxis.
>> Read Full Story

  Changan Auto cuts new-vehicle prices to revive sales
Automotive News China | 2017/5/30

Chongqing Changan Automobile Co. slashed new-vehicle prices 4,000 yuan to 18,000 yuan ($580 to $2,600) to stimulate slumping sales.  The price cuts, effective May 27, were made to Changan's full product line of microvans, sedans and crossovers, the state-owned automaker said.
>> Read Full Story

  Chery exports continue rise in April
Automotive News China | 2017/5/30

Chery Automobile Co.'s light-vehicle exports jumped 58 percent year on year to 10,030 in April as demand continued to rebound in key emerging markets.  Chery, China's biggest automotive exporter, accounted for 22 percent of the country's total light-vehicle shipments to overseas markets last month.
>> Read Full Story

  Ford taps veteran manager to lead Changan JV sales
Automotive News China | 2017/5/30

Ford Motor Co. appointed veteran manager Steve Hood vice president of sales and marketing for Changan Ford Automobile Co., its joint venture with Chongqing Changan Automobile Co.  The appointment will take effect July 1. Hood succeeds Joseph Liu, who was named Ford's sales chief for the Asia region.
>> Read Full Story

  Renesas to supply computer chips to Great Wall
Automotive News China | 2017/5/30

Japanese supplier Renesas Electronics Corp. will provide a wide range of computer chips for Great Wall Motor Co.'s electric vehicles and autonomous driving cars.  Under the agreement the two companies signed last week, Renesas will supply Great Wall with components for EVs, plug-in hybrids and self-driving vehicles.  Renesas also said it will provide connectivity and infotainment systems for Great Wall's vehicles.
>> Read Full Story

  COMMENT
LeEco, on a short leash, may ditch EV project in U.S.
Yang Jian | 2017/5/26

SHANGHAI -- Early last year, LeEco formed a U.S. subsidiary, Faraday Future, to build a $1 billion electric vehicle plant in Nevada.  Despite a subsequent cash crunch, company founder Jia Yueting has repeatedly pledged to move forward with the factory. Until now.  In the wake of a recent financial bailout, LeEco is rapidly approaching the point at which it will have to abandon the U.S. project.  Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  Geely to buy stakes in Malaysia's Proton, U.K. automaker Lotus
Staff and wire reports | 2017/5/26

Chinese automaker Zhejiang Geely Holding Group will buy a 49.9 percent stake in struggling carmaker Proton from Malaysian conglomerate DRB-Hicom.  Geely will also acquire a majority share of 51 percent in U.K. sports-car maker Lotus Cars from Proton, Geely said in a statement Wednesday.
>> Read Full Story

  Ford names new China CEO as Schoch retires
Automotive News China | 2017/5/26

Ford Motor Co. named Peter Fleet chairman and CEO of its China operations, succeeding Dave Schoch, who is retiring.  Fleet, 50, previously vice president of marketing, sales and service for Fords Asia Pacific unit, will also lead all of the company's operations and partnerships in Asia Pacific as Ford group vice president and president of Asia Pacific.
>> Read Full Story

  Germany reports progress with China over EV quotas
Reuters | 2017/5/26

Germany has made good progress with China on how to introduce quotas aimed at producing more electric vehicles, Foreign Minister Sigmar Gabriel said on Wednesday, adding that more details needed to be worked out.  Beijing is considering a plan to ease its proposed quotas after German automakers protested the scale and pace of the plans.
>> Read Full Story

  Faraday Future plans to raise $1 billion in new funding as chief backer struggles
Bloomberg | 2017/5/26

Electric vehicle maker Faraday Future is planning to raise $1 billion as it seeks to protect itself from the financial woes of its main backer, China's LeEco, a person with direct knowledge of the matter said.  The startup has begun meeting potential investors and is in the process of selecting advisers, said the person, who asked not to be identified because the details are private.

>> Read Full Story

  Investors bet against Great Wall's growth plans
Bloomberg | 2017/5/26

Short-sellers are betting that Great Wall Motor Co. will not meet its sales targets, and that China's increasingly competitive SUV market will pinch the company's profits.  Shares in China's largest SUV maker have fallen 18 percent from a February peak in Hong Kong as sales of its aging Haval H6 model fell and the company reported a quarterly profit decline. 
>> Read Full Story

  Continental supplies control system for Great Wall gearbox
Automotive News China | 2017/5/26

SHANGHAI -- Continental AG has started supplying a transmission control system to Great Wall Motor Co. for its seven-speed dual-clutch transmission.  The system consists of a transmission control unit, a sensor cluster unit and application software. 
>> Read Full Story

  Mahle to produce air conditioner compressors in Changshu
Automotive News China | 2017/5/26

The Mahle Group said it has opened a plant in the east China city of Changshu to produce compressors for automotive air conditioners.  The company said in a written statement that it had transferred compressor production from a factory in Suzhou, and that the new plant would have twice as much production capacity.
>> Read Full Story

  COMMENT
Uber better watch out -- China's Didi is coming
Michael Dunne | 2017/5/23

Didi means "beep-beep" in Chinese.  Originally, the name was intended to convey the sound of a friendly hello.  For Uber these days, Didi might sound more like: "Move out of the way, I'm going to blow past you."  Didi Chuxing, China's fast-growing ride-hailing service, is quietly amassing the money, expertise and allies that it will need if it decides to enter the U.S. market. Here's why Uber should be worried.  Pictured: Michael Dunne is president of Dunne Automotive.
>> Read Full Commentary

  Audi resolves distribution dispute with dealers
Reuters | 2017/5/23

BEIJING --  Audi AG struck a deal with its dealers in China, effectively resolving a dispute that could have disrupted the luxury company's business in its largest global market. Under the accord, Audi models from a potential partnership with SAIC will be distributed through the automaker's existing sales network in China.
>> Read Full Story

  BMW to boost China annual capacity to 450,000 cars, light trucks
Reuters | 2017/5/23

BMW AG's annual production capacity in China will reach 450,000 vehicles once an investment plan to upgrade the company's local factories is completed.  BMW produces light vehicles at two assembly plants in Shenyang, and has invested 1 billion euros (7.6 billion yuan) to adapt production lines for newer models over the past three years. 
>> Read Full Story

  PSA sales in China, Southeast Asia plunge in April
Automotive News China | 2017/5/23

PSA Peugeot Citroen's deliveries in China and southeast Asia plunged 56 percent year on year to 22,600 vehicles in April as it struggled to stabilize its shaky Chinese unit.  The French automaker did not disclose country-by-country sales, but China accounts for nearly all of PSA's Asian volume. 
>> Read Full Story

  Kia gets provincial OK to build 4th assembly plant
Automotive News China | 2017/5/23

Kia Motors' joint venture with Dongfeng Motor Co. received permission from Jiangsu province to build its fourth assembly plant in the east China city of Yancheng.  The provincial government disclosed the decision on its website last week, without disclosing details about the new factory.  It remains unknown whether Kia will construct the plant; the company's China sales have been hit by a nationalist backlash over Seoul's decision to deploy a U.S. missile defense system.
>> Read Full Story

  Dealership stockpiles approach 2-month supply in April
Automotive News China | 2017/5/23

Dealerships across China carried a 59-day supply of vehicles in April, up from the previous month's 50-day backlog as new-car sales started to decline.  Chinese-brand dealerships were burdened with the highest inventories -- a 74-day of supply, surging from 56 days a month earlier, according to the China Automobile Dealers Association.
>> Read Full Story

  Chinese regulator approves VW-JAC electric car venture
Reuters | 2017/5/23

Volkswagen AG and Anhui Jianghuai Automobile Group received approval from a Chinese regulator to form a joint venture to make electric vehicles, the two automakers said on Monday.  The National Development and Reform Commission, China's top state planner, gave a green light to the automakers to build 100,000 EVs annually. The partners will spend 5.1 billion yuan ($740 million), according to a JAC Motor stock exchange filing.
>> Read Full Story

  Dana to produce all-wheel-drive system in Chongqing
Automotive News China | 2017/5/23

U.S. supplier Dana Inc. will invest 160 million yuan ($13 million) to build a plant in the southwest China city of Chongqing to make all-wheel-drive components.  Construction of the 7,500 square-meter factory will begin next month. The plant is scheduled to open late next year and will employ 130 people at full production in 2020. 
>> Read Full Story

  China exports jump in April as Russia, Brazil economies recover
Automotive News China | 2017/5/19

Exports of cars and trucks from China jumped 26 percent year on year to 67,000 vehicles as emerging markets began to recover from recessions.  April marked the ninth straight month of export growth, the China Association of Automobile Manufacturers said.  Exporters enjoyed growing demand in emerging markets such as Russia and Brazil.  
>> Read Full Story

  BYD, Daimler to recapitalize unprofitable EV joint venture
Automotive News China | 2017/5/19

BYD Co. and Daimler AG will each invest 500 million yuan ($72.6 million) to shore up their debt-laden electric vehicle joint venture in China.  Shenzhen Denza New Energy Automotive Co. will increase its capitalization to 3.36 billion yuan, up from 2.36 billion yuan. According to BYD, the money will help Denza expand its distribution network and improve brand recognition.
>> Read Full Story

  Chery to begin selling third EV model in June
Automotive News China | 2017/5/19

Chery Automobile Co. plans to launch sales of its third electric vehicle, a compact sedan, next month to expand its EV lineup.  The car, a variant of Chery's Arrizo 5, is powered by lithium ion batteries and has a maximum speed of 152 kilometers per hour (94 mph) and a range of 351 km (218 miles) on a single charge, according to the company.
>> Read Full Story

  Used-vehicle sales rise 22% in 1st quarter
Automotive News China | 2017/5/19

Used-vehicle sales in China jumped 22 percent year on year to nearly 2.8 million cars and light trucks in the first quarter as demand remained strong for secondhand multipurpose vehicles, crossovers and SUVs.  Deliveries of used MPVs surged 54 percent to 157,900 vehicles, while sales of crossovers and SUVs rose 44 percent to 197,300 units, according to the China Automobile Dealers Association.
>> Read Full Story

  VW to recall 578,000 vehicles in China to fix headlight fuse
Reuters | 2017/5/19

FAW-Volkswagen Automobile Co. will recall nearly 578,000 Golf and Sagitar cars to fix a defective headlight fuse that may cause headlight failure.  The recall includes 416,364 Golfs produced from 2009 through 2014 and 161,226 Sagitars assembled from 2010 through 2012, according to China's quality watchdog, the General Administration of Quality Supervision, Inspection and Quarantine. 
>> Read Full Story

  BorgWarner supplies dual-clutch modules to Great Wall
Automotive News China | 2017/5/19

BorgWarner Inc. said it has begun supplying clutches and control modules to Great Wall Motor Co. for its seven-speed dual-clutch transmission.  The gearbox will be available in Great Wall's new Wey VV7 crossover, which was launched last month.  Prices for the VV7 range from 167,800 to 188,800 yuan ($24,400 to $27,400).
>> Read Full Story

  COMMENT
Foreign automakers shouldn't fear Beijing's 2025 edicts
Yang Jian | 2017/5/19

SHANGHAI -- Beijing has been busy issuing edicts to automakers ever since it opened China to foreign investment.  The latest is a blueprint -- published just last month -- which is supposed to guide automakers through 2025.  It sets goals for EV sales, fuel economy and r&d expenditures, among other things. It even indicates which Chinese automakers should rank among the top 10 of global powerhouses.  Should foreign automakers take this stuff seriously? If history is any guide, they should keep an eye on the policies, but not worry themselves sick about them.  Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  BMW becomes China's No. 1 luxury brand with April surge
Automotive News China | 2017/5/16

Sales of BMW and Mini vehicles in China jumped 39 percent to 48,869 in April.  The German automaker claimed bragging rights as China's No. 1 luxury brand after outselling Mercedes-Benz and Audi.  For the period, Mercedes sales rose 35 percent year on year to 47,627 vehicles, while Audi deliveries declined 6.9 percent to 46,166.
>> Read Full Story

  VW Group deliveries rise 1.5% in April
Automotive News China | 2017/5/16

Volkswagen Group's various brands sold 299,700 vehicles in China last month, up 1.5 percent year on year despite the continuing struggles of its Audi luxury brand.  The German automaker's namesake Volkswagen brand reported a 4.3 percent increase in deliveries on strong demand for crossovers. But Audi sales fell 6.9 percent, while Skoda deliveries declined 12 percent.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
LeEco, on a short leash, may ditch EV project in U.S.

Geely to buy stakes in Malaysia's Proton, U.K. automaker Lotus

Ford names new China CEO as Schoch retires

Germany reports progress with China over EV quotas

Faraday Future plans to raise $1 billion in new funding as chief backer struggles

Investors bet against Great Wall's growth plans

Continental supplies control system for Great Wall gearbox

Mahle to produce air conditioner compressors in Changshu

Uber better watch out -- China's Didi is coming

Audi resolves distribution dispute with dealers

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