CHINA NEWSLETTER May 19 2017
 
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Foreign automakers shouldn't fear Beijing's 2025 edicts
Yang Jian
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, r&d expenditures, among other things. It even indicates which Chinese automakers should rank among the Top Ten 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.
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China exports jump in April as Russia, Brazil economies recover
Automotive News China
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.
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BYD, Daimler to recapitalize unprofitable EV joint venture
Automotive News China
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.
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Chery to begin selling third EV model in June
Automotive News China
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.

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Used-vehicle sales rise 22% in 1st quarter
Automotive News China
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 second-hand 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.

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VW to recall 578,000 vehicles in China to fix headlight fuse
Reuters
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.
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BorgWarner supplies dual-clutch modules to Great Wall
Automotive News China
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).
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 TOP 10 HEADLINES
OF THE LAST WEEK

Will Beijing have to pay balky consumers to buy EVs?

Light-vehicle sales drop 3.7% on weak April demand for small cars

VW brand deliveries rise but Audi struggles

Honda, Toyota boost China sales in April

BMW plans to double light-vehicle output in China

SAIC forms partnership to produce EV batteries

BYD to build electric bus assembly plant in Ecuador

Smart, S class help drive big April gain for Mercedes

Ford April sales rise 11% on demand for trucks, Lincoln cars

Ferrari supercar fight prompts embezzlement lawsuits in China



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