CHINA NEWSLETTER July 14 2017
 
 Automotive News China » Tell a colleague
about this newsletter
 
» Open in a web browser 
 
» Home page        » Webinars        » Contact Us
COMMENT
Foreign suppliers favor fast-growing Chinese automakers
Yang Jian
SHANGHAI -- Until recently, global suppliers were reluctant to supply Chinese automakers that wanted small volumes of components at low prices. But that's changing. Global suppliers are now increasingly reliant on Chinese automakers to expand their local sales. Most global suppliers entered China in the 1980s or early 1990s. Now, Chinese automotive brands have emerged as the main driver of sales growth in China. Pictured: Yang Jian is managing editor of Automotive News China.
>> More

PSA sales slump drags on as company shakes up partnership
Automotive News China
PSA Peugeot Citroen's sales in China and Southeast Asia plunged nearly 49 percent to 152,380 in the first six months as the French automaker scrambled to carry out a turnaround plan. All three PSA brands performed poorly in the first half.
>> More

China's light-vehicle sales rise 2.3% in June on strong crossover demand
Automotive News China
After a two-month decline, June sales of light vehicles in China rose 2.3 percent year on year to 1.83 million units as crossover demand remained strong, reported the China Association of Automobile Manufacturers. Last month, crossover deliveries rose 16 percent to 741,400 vehicles.
>> More

Geely expects profits to double in first six months
Automotive News China
Geely Automobile Holdings Ltd. expects net profits in the first half of this year will exceed 3.8 billion yuan ($570 million) ¨C more than double its net income in the year-earlier period. In the first half of 2016, Geely's net income totaled 1.91 billion yuan. The company attributes its profit surge to growing vehicle sales and a favorable product mix.
>> More

Faraday cancels Las Vegas EV assembly plant
Reuters
TAIPEI -- Faraday Future is moving production of its planned luxury electric SUV in Las Vegas to a new site, virtually scrapping a stalled $1 billion (6.8 billion yuan) assembly plant in the United States amid deepening financial woes of key investor Chinese entrepreneur Jia Yueting.
>> More

London Taxi's new electric cabs to debut next year in Amsterdam
Reuters
LONDON -- A new electric version of London's classic black cabs is to arrive next year on the streets of Amsterdam in the Netherlands, the first export market for the new model as the Chinese-owned London Taxi Co. seeks to sell half its output abroad. The company, which plans to formally change its name to London EV Co. this year, is undergoing a rapid expansion since it was bought out of bankruptcy in 2013 by China's Zhejiang Geely Holding Group.
>> More

Automakers seek relaxation of China's quotas on electrified vehicle sales
Reuters
The world's four biggest auto industry associations have written to China's government to demand a relaxation of proposed sales quotas for electrified vehicles, German weekly magazine WirtschaftsWoche reported. The groups also called for the quotas to be postponed by one to three years, the magazine said Thursday.
>> More

China likely to extend EV tax break, group predicts
Bloomberg
China is likely to extend a purchase-tax exemption on electric cars to promote the vehicles, whose sales have outpaced other segments, the China Association of Automobile Manufacturers predicts. The exemption on the 10 percent purchase tax is supposed to expire at year end, but it is ¡°highly likely¡± to be renewed, said Xu Yanhua, the association's deputy secretary general.
>> More

GM begins exporting Cavalier sedans to Mexico
Automotive News China
General Motors this week started exporting 1,701 Chevrolet Cavalier compact sedans from Shanghai to Mexico. Sales of the China-built sedan are to begin this year in Mexico, the company said.The Cavalier is built by SAIC General Motors Corp. in the central China city of Wuhan.
>> More




 TOP 10 HEADLINES
OF THE LAST WEEK

Bowing to Beijing, VW accelerates EV timetable

Hyundai, Kia sales plunge as regional tensions persist

Daimler, BAIC to invest 5 billion yuan in Chinese EVs

Ford sales rebound as impact of tax hike fades

GM June deliveries rise on strength of Cadillac, Baojun, Buick, Chevrolet

Mercedes sales soar on demand for compact cars

Toyota, Honda, Nissan post robust June sales

Baidu faces probe after CEO tests self-driving car on public roads

Volvo sales jump behind 3 locally produced models

Renault, Brilliance China to build commercial trucks



Copyright © Automotive News China
Use of editorial content without permission is strictly prohibited. All Rights Reserved.
Automotive News China
4-1-123, Jianguomenwai Diplomatic Compound
Chaoyang District, 100600, Beijing, China
Telephone: 86-10-8532-5439
Fax: 86-10-8532-5437

If you wish to cancel your subscription to this newsletter click here