CHINA NEWSLETTER March 21 2017
 
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Americans won't see Chinese cars at bargain-basement prices
Mike Dunne
For years, American consumers have been wondering just when they would witness the arrival of ultra low-priced Chinese cars. Turns out, maybe never. Chinese automakers aim 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, a Hong Kong-based company that facilitates investments between the U.S. and China. He is also author of American Wheels, Chinese Roads.
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VW Group deliveries fall 9.6% to start year
Automotive News China
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.
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Audi, as China sales tumble, defends plan for second JV
Automotive News Europe
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.
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Kia launches 7-seat SUV in China
Automotive News China
Kia Motor 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.
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LeEco's EV business head resigns for health reasons
Automotive News China
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.
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Ford taps consultant to be Asian strategy chief
Automotive News China
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.
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Novelis will supply aluminum to EV startup in Changzhou
Automotive News China
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.

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 TOP 10 HEADLINES
OF THE LAST WEEK

Why Beijing Auto can ignore its catastrophic blunders

VW brand's China sales slump in first 2 months

BMW deliveries advance 15% to start year

Mazda deliveries rise 5% in first 2 months

Alibaba buys stake in Swiss HUD technology startup

Uber rival Didi Chuxing opens r&d lab in Silicon Valley

Fuyao Glass to expand production in U.S., Germany and Russia

China may roll back EV quotas as industry pushes back

China auto sales rise 8.8% in first 2 months despite higher sales

Great Wall rethinks Mexico plant under Trump threat



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