CHINA NEWSLETTER April 21 2017
 
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Why electric crossovers, SUVs will dominate China's roads
Yang Jian
SHANGHAI -- Never before have automakers launched so many crossovers and SUVs at the Shanghai auto show. Those vehicles account for more than half of the new models exhibited at the show this week. And in deference to China's increasingly tough fuel economy standards, many of those crossovers and SUVs are electric. The automakers' message: The crossover-SUV segment is sizzling, and these products target both consumers' desires and China's standards. Pictured: Yang Jian is managing editor of Automotive News China.
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SHANGHAI AUTO SHOW
VW touts 'huge progress' in plan to roll out 4 affordable EVs
Bloomberg
SHANGHAI -- Volkswagen AG's namesake brand is gearing up to roll out four affordable electric vehicles in the coming years. The German company has made "huge progress" in reducing production costs of its all-electric vehicles, Christian Senger, head of the VW marque's electric-car project, told reporters Tuesday in Shanghai.

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SHANGHAI AUTO SHOW
Lynk & CO delays Europe, U.S. launches
Luca Ciferri
SHANGHAI -- China's Zhejiang Geely Holding Group has delayed Lynk & CO's sales launch in Europe and the United States because it needs more time to establish a company-owned dealership network. "We think we will start in Europe between the first quarter and the first half of 2019 and enter the U.S. some months later," Alain Visser, Lynk & CO's senior vice president of marketing and sales, said at the Shanghai auto show here.
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Exotics rebound as China's rich consumers snub Xi's austerity drive
Bloomberg
SHANGHAI -- Four years after China's President Xi Jinping started cracking down on corruption and conspicuous consumption, the most extravagant fast cars are making a comeback. Chinese sales at Ferrari and Aston Martin are approaching their 2013 peaks, following tumbles of as much as 20 percent in 2014, according to data compiled by Bloomberg Intelligence.
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China EV makers challenge Tesla Model 3 on price
Reuters
SHANGHAI -- Tesla Inc.'s Model 3 isn't due to arrive in China until next year, but already Chinese-funded EV startups are scrambling to launch models to go head-to-head against the mass-market sedan. For leading Chinese electric vehicle startups such as Future Mobility, WM Motor and Singulato Motors, the key is that they will produce their cars locally, making them better able to match the Model 3's price.
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SHANGHAI AUTO SHOW
MG Motors EV coupe concept revives brand's sporty past
Nick Gibbs
SHANGHAI -- MG Motor, the UK brand once renowned for sports cars, previewed a sporty midsize coupe that could go into production. The brand, owned by China's SAIC Motor Corp., unveiled the E-Motion electric coupe concept ahead of its debut at Shanghai auto show this week.
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SHANGHAI AUTO SHOW
Citroen readies rival to Renault Kadjar, Ford Kuga
Automotive News Europe
After years of focusing on minivans, Citroen is jumping into the growing crossover-SUV market with the C5 Aircross, which will compete with models such as the Renault Kadjar and Ford Kuga. The C5 Aircross was unveiled at the Shanghai auto show on Tuesday. It will go on sale in China in October and in Europe in the second half of next year.

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SHANGHAI AUTO SHOW
PSA needs deeper cuts, crossovers and SUVs to halt China slide
Reuters
SHANGHAI -- PSA Peugeot Citroen needs more drastic cost cuts and new crossover and SUV models to reverse a slump in sales in China, CEO Carlos Tavares said. PSA must find "a new business model" and bigger purchasing, logistics and manufacturing savings to offset falling prices, Tavares said at the Shanghai auto show on Tuesday.
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SAIC puts U.S. ambitions on hold amid Trump uncertainty
Bloomberg
SAIC Motor Corp., China's biggest automaker, has delayed plans to export vehicles to the United States because of uncertainties about President Donald Trump's trade policies, even as another state-owned rival stays on track to enter the market.
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SHANGHAI AUTO SHOW
Foreign automakers embrace China as EV development hub
Reuters
SHANGHAI -- China's crackdown on vehicle pollution will turn the country into a hub for cutting-edge electric car technologies previously exported from Europe and the United States, some industry executives believe. A raft of proposals to promote cleaner driving is encouraging automakers to conduct more r&d in China, potentially turning the country into a world leader in EV technology.
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 TOP 10 HEADLINES
OF THE LAST WEEK

Automakers bet on big SUVs after Beijing eases one-child rule

Light-vehicle sales edge up 1.7% in March

Ford deliveries slump 21%

Volvo to build EVs in China for export, sources say

Mercedes, BMW neck and neck in March

Volkswagen to unveil electric crossover concept

Honda closes gap with Toyota, Nissan in March

Volvo begins shipping China-built S90 sedans to U.S.

Changan Auto forms EV partnership with local startup Nio

Meet China's Future Tigers: Tencent, Baidu and Alibaba



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