Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche
email:
password:
        
       Automakers     Suppliers     Gov't Regulation     Comment     Car Cutaway     Newsletters     Press Releases     Chinese Version
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> More Stories
  Hyundai suspends output at China plant amid diplomatic spat
Reuters | 2017/3/28

SEOUL  -- Hyundai Motor Co. suspended production at one of its Chinese assembly plants for a week, fueling concern that a diplomatic standoff between South Korea and China may be hurting sales in the company's top market. South Korean companies, from cosmetics firms to retailers, say they are being targeted in China because of Beijing's objections to a planned deployment of the U.S. Terminal High Altitude Area Defense system in South Korea. 
>> Read Full Story
  Great Wall profits jump 31% in 2016 on SUV surge
Automotive News China | 2017/3/28

Great Wall Motor Co.'s profits jumped 31 percent to 10.6 billion yuan ($1.5 billion) last year on strong demand for SUVs.  The company's overall deliveries jumped 26 percent to nearly 1.1 million vehicles in 2016. Of that total, 85 percent were crossovers and SUVs. 
>> Read Full Story

  BMW sees China sales rising 20% in 2017
Reuters | 2017/3/28

HONG KONG -- Sales at BMW AG's China joint venture are expected to rise at least 20 percent year on year in 2017, the premium automaker's local joint venture partner said Friday.  The full-year estimate is based on a strong sales increase in the first two months of 2017, said Wu Xiaoan, Chairman of Brilliance China Automotive Holdings, during a press conference in Hong Kong.
>> Read Full Story

  Geely subsidiary to build electric commercial vans in U.K.
Bloomberg | 2017/3/28

London Taxi Co. says it will invest an additional 25 million pounds (215 million yuan) in its new assembly plant near Coventry, England, to produce electric-powered vans.  London Taxi, which is owned by Geely Automobile Holdings, will promote its electric vans as a clean alternative to diesel-powered commercial vehicles -- some of the worst polluters in the United Kingdom. 
>> Read Full Story

  BYD to build 74 million yuan electric bus plant in France
Automotive News China | 2017/3/28

BYD Co., China's largest electric vehicle maker, plans to invest 10 million euros (74 million yuan) to build an electric bus assembly plant in France.  The factory will be constructed in Allonne, a town in North France's Hauts-de-France region. It will start production in the first half of 2018 and it will produce up to 200 buses annually, BYD said. 
>> Read Full Story

  Baidu's self-driving car unit chief will resign, report says
Automotive News China | 2017/3/28

Wang Jing, chief of the self-driving car unit at leading Chinese search engine Baidu Inc., will resign this week, according to the Beijing business magazine CaixinWang, speaking Monday at an investment meeting organized by Aplus, a Beijing private equity investment fund, disclosed that he will leave Baidu in five days, reported Caixin
>> Read Full Story

  Baidu's autonomous-vehicle secrets targeted by gang of hackers
Bloomberg | 2017/3/28

Baidu Inc. disclosed a gang of "hackers for hire" tried to steal its self-driving car technology, prompting it to bulk up its cybersecurity team.  The Beijing company's head of cybersecurity, Ma Jie, said it was unclear who was behind the gang. "It's very difficult to know who employs them to do that, but we know someone tried to hire someone in the underground market to steal from us," Ma said, without giving further details.
>> Read Full Story

  ANALYSIS
Why Chinese car sales ran out of gas
Bloomberg | 2017/3/28

Followers of China's auto market have had a turbulent few months.  Last year was a record-breaker. Monthly sales, which first cracked the 2 million mark as recently as 2013, surged above 3 million in December. Still, pessimists were focused on what would happen in January, when the rollback of a tax discount for small-engined cars was expected to hurt sales.
>> Read Full Story

  COMMENT
Shanghai show to measure progress of China's would-be Teslas
Yang Jian | 2017/3/24

SHANGHAI -- At least six startups funded by Chinese backers have hatched plans to develop high-performance electric vehicles.  They all want to be the next Tesla, but most of them have yet to reveal a single vehicle.  It's logical to wonder how much progress these companies have made.  Well, the ideal place to check it out will be the Shanghai auto show, which opens on April 20.  Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  Geely profits more than double as Volvo tech boosts sales
Reuters | 2017/3/24

Geely Automobile Holdings posted its biggest profit growth in eight years as improved product design and engineering since its 2010 purchase of Volvo helped propel it to record sales.  For 2016, Geely's net profit more than doubled to 5.1 billion yuan ($741 million), its strongest growth since 2008.
>> Read Full Story

  Dealer stockpiles spike as China's sales growth flattens
Automotive News China | 2017/3/24

Dealership inventories across China surged to 68 days in February, up from 48 days in the previous month, the China Automobile Dealers Association said.  The association blamed the sharp rise in stockpiles on China's higher sales tax on small vehicles.  In February, dealers that sell domestic brands carried a 76-day supply, up from 58 days in January.
>> Read Full Story

  Chery files trademark complaint against Mercedes over EV brand
Reuters | 2017/3/24

BEIJING  -- Chery Automobile Co. filed a complaint with China's trademark regulator over Mercedes-Benz's use of the "EQ" name for a line of electric vehicles, throwing up a potential road block for the Daimler AG unit.  A Chery spokeswoman said Thursday that the automaker had filed a complaint with the Trademark Office of the State Administration for Industry and Commerce, which it hopes will bar Mercedes from using the name in China.
>> Read Full Story

  Buick to roll out plug-in hybrids in China
Automotive News China | 2017/3/24

SHANGHAI -- General Motors plans to introduce plug-in hybrid versions of Buick models this year to meet tougher local fuel economy standards.  The plug-in hybrids will be fitted either with GM's 1.0-liter or 1.3-liter turbocharged engine and a nine-speed transmission, the company said.
>> Read Full Story

  BMW CEO expects China to clarify EV quota
Reuters | 2017/3/24

BMW CEO Harald Krueger expects Chinese authorities to soon clarify the size of a proposed quota for electric vehicles as the German carmaker overhauls its production system to make more zero-emission vehicles.  
"The rules have not yet been finalized," Krueger told journalists at the company's annual news conference this week. "We will react accordingly. We expect clarity in the next weeks rather than months."
>> Read Full Story

  China to energize used-car market to spur new-vehicle sales
Bloomberg | 2017/3/24

China will take more steps to encourage used-car sales to prompt owners to sell their old vehicles and buy new ones.  The used-car market is likely to continue its rapid expansion, the Ministry of Commerce said. The ministry added that it has not yet decided whether to resume incentives for rural residents to buy new cars.
>> Read Full Story

  LeEco appoints new CEO for electric-car unit
Automotive News China | 2017/3/24

LeEco, a Chinese technology company, promoted Zhang Hailiang, COO of its electric vehicle division, to be the unit's new CEO.  The appointment took effect on Monday. LeEco promoted Zhang after his predecessor, Ding Lei, resigned for health reasons.
>> Read Full Story

  COMMENT
Americans won't see Chinese cars at bargain-basement prices
Michael Dunne | 2017/3/21

For years, American consumers have been wondering just when they would witness the arrival of ultralow-priced Chinese cars.  Turns out, maybe never.  Chinese automakers plan to compete in America -- but not on price as the Japanese and Koreans did before them.  Instead, they will market quality vehicles with above-average stickers. Pictured:  Michael Dunne is president of Dunne Automotive.  

>> Read Full Commentary

  VW Group deliveries fall 9.6% to start year
Automotive News China | 2017/3/21

Volkswagen AG says combined deliveries of its brands in China fell 9.6 percent year on year to 567,000 vehicles in the first two months.  The company's VW, Skoda and Audi brands all suffered declining sales for the period -- an indication that a recovery will be difficult.
>> Read Full Story

  Audi, as China sales tumble, defends plan for second JV
Automotive News Europe | 2017/3/21

Audi AG defended a plan that ruined its January sales results, saying the creation of a second joint venture in China would help the company grow.  Volkswagen's premium brand is holding exploratory talks with VW's partner SAIC Motor Corp. to build and sell Audi vehicles via the China dealer network that SAIC uses to sell Volkswagen-brand cars.  But dealers affiliated with Audi's other partnership with China FAW Group Corp. fear the plan will siphon sales away from their own stores.
>> Read Full Story

  Kia launches 7-seat SUV
Automotive News China | 2017/3/21

Kia Motors Corp. launched its first seven-seat SUV, the KX7, in China to revive weak local sales.  The KX7 has a starting price of 179,800 yuan ($26,050). Its target customers are white-collar buyers ranging from 35 to 45 years old, according to Dongfeng Yueda Kia, Kia's joint venture in China.
>> Read Full Story

  LeEco's EV business head resigns for health reasons
Automotive News China | 2017/3/21

Chinese technology company LeEco announced Monday that Ding Lei, head of its electric vehicle business, has resigned for health reasons.  LeEco said Ding will be a consultant for its business strategies.  The company has yet to disclose Ding's replacement as chief of its EV business.

>> Read Full Story

  Ford taps consultant to be Asian strategy chief
Automotive News China | 2017/3/21

Ford Motor Co. hired veteran business consultant Stephen Dyer as its vice president of business strategy for Asia Pacific.  The appointment took effect last week.  "In this role, Dyer will lead the company's strategic initiatives in Asia Pacific across both the core automotive business and emerging mobility initiatives, as well as its joint venture relationships," Ford said.

>> Read Full Story

  Novelis will supply aluminum to EV startup from Changzhou plant
Automotive News China | 2017/3/21

Novelis Inc., a major global supplier of automotive aluminum, contracted to supply aluminum alloys to NIO, a Shanghai-incorporated electric vehicle startup previously known as NextEV.  Under an agreement the two companies signed, Novelis will supply aluminum alloys to NIO from its plant in the east China city of Changzhou. 
>> Read Full Story

  COMMENT
Why Beijing Auto can ignore its catastrophic blunders
Yang Jian | 2017/3/17

BAIC Motor Co. has too many models and too many assembly plants, and now the state-owned automaker's China sales have begun to tumble.  In the first two months of the year, sales of Beijing Auto's brands fell 43 percent to 43,500 vehicles. By contrast, industry light-vehicle deliveries in China rose 6.3 percent.  You might expect the company's chastened managers would rush to fix their misguided growth strategy. But you would be wrong.  Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  VW brand's China sales slump in first 2 months
Automotive News China | 2017/3/17

Volkswagen brand's sales in China fell 7.6 percent year on year to 441,300 vehicles in the first two months, an indication that the German automaker continues to struggle in its largest market.  For the same period, Audi sales plunged 24 percent to 67,336 vehicles and Skoda sales declined 9 percent to 45,000 -- especially bad results given that industry light-vehicle sales rose  6.3 percent.
>> Read Full Story

  BMW deliveries advance 15% to start year
Automotive News China | 2017/3/17

BMW AG says China deliveries of BMW and Mini brands increased nearly 15 percent to 92,045 vehicles in the first two months. Despite the healthy sales increase, BMW was unable to keep pace with rival Mercedes-Benz, whose sales for the period jumped 40 percent to 95,076 vehicles.
>> Read Full Story

  Mazda deliveries rise 5% in first 2 months
Automotive News China | 2017/3/17

Mazda Motor Corp. delivered 40,804 light vehicles in China in the first two months of the year, up 5 percent from the same period last year.  The Japanese automaker lost some market share because industry sales rose 6.3 percent during the same period.
>> Read Full Story

  Alibaba buys stake in Swiss HUD technology startup
Automotive News China | 2017/3/17

Alibaba Group Holding participated in an $18 million (124 million yuan) round  of funding for Swiss startup WayRay, which is developing a holographic head-up display, the  South China Morning Post  reported.  According to the Hong Kong-based newspaper, WayRay also formed a partnership with an Alibaba-backed carmaker, Banma Technologies. Banma plans to introduce a vehicle equipped with WayRay's augmented reality windshield display in 2018.
>> Read Full Story

  Uber rival Didi Chuxing opens r&d lab in Silicon Valley
Automotive News China | 2017/3/17

Didi Chuxing opened an r&d center in Silicon Valley, dubbed DiDi Labs, to develop artificial intelligence-based technology for self-driving cars.  The lab will be run by Fengmin Gong but the center's best-known researcher will be Charlie Miller, the cybersecurity expert who successfully hacked and controlled a Jeep Grand Cherokee in 2015.
>> Read Full Story

  Fuyao Glass to expand production in U.S., Germany and Russia
Automotive News China | 2017/3/17

Fuyao Glass Industry Group plans to spend 1.4 billion yuan ($202 million) to expand production in Germany, the United States and Russia, company CEO Cao Dewang told state-owned  China Daily   newspaper.  Cao said he expects to spend up to 700 million yuan to build an automotive glass factory in Heidelberg, Germany, to supply Daimler, Volkswagen, Audi, Bentley and Jaguar Land Rover.

>> Read Full Story

  China may roll back EV quotas as industry pushes back
Reuters | 2017/3/14

BEIJING  -- China may ease proposed quotas aimed at producing more electric vehicles as Beijing gets pushback from the auto industry over the scale and pace of the plans.  The proposed changes would delay the target date when electric cars and plug-in hybrids must account for at least 8 percent of an automaker's sales.  Under the proposed changes, automakers would have to attain that target in 2019, two auto executives said. 
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Shanghai show to measure progress of China's would-be Teslas

Geely profits more than double as Volvo tech boosts sales

Dealer stockpiles spike as China's sales growth flattens

Chery files trademark complaint against Mercedes over EV brand

Buick to roll out plug-in hybrids in China

BMW CEO expects China to clarify EV quota

China to energize used-car market to spur new-vehicle sales

LeEco appoints new CEO for electric-car unit

Americans won't see Chinese cars at bargain-basement prices

VW Group deliveries fall 9.6% to start year

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