CHINA NEWSLETTER August 11 2017
 
 Automotive News China » Tell a colleague
about this newsletter
 
» Open in a web browser 
 
» Home page        » Webinars        » Contact Us
COMMENT
How FAW's new chairman can rescue the company
Yang Jian
Beijing has dispatched Xu Liuping, former head of China Changan Automobile Group Co., to lead China FAW Group Corp. After arriving at FAW last week, Xu vowed to revive the company's car business in three to five years.
Xu earned renown for transforming Changan from a manufacturer of cheap minibuses into China's largest producer of passenger cars. But fixing the moribund car business at FAW, China's oldest state-owned automaker, will require a herculean effort. The company suffers a variety of ills and three must be addressed promptly.Pictured: Yang Jian is managing editor of Automotive News China.

>> More

Mercedes China sales soar; Audi rebounds
Automotive News China
Mercedes-Benz sales in China jumped 32 percent year on year to 48,588 vehicles in July as the German luxury brand enjoyed strong demand for its long-wheelbase E-class sedan. Meanwhile, Audi's deliveries rose 10 percent last month from a year earlier to 51,235 vehicles as Volkswagen's luxury brand rebounded from a dispute with dealers that had damaged sales for months.
>> More

Geely Auto's July sales surge 88% on demand for new models
Automotive News China
Geely Automobile Holdings' deliveries rose 88 percent to 91,104 vehicles in July on strong demand for four models launched in 2016. Those models are the Geely Boyue SUV, with 21,872 sales last month; the Emgrand GS crossover, with 12,863; the Vision SUV, with 9,122; and the Emgrand GL sedan, with 8,396.
>> More

Hyundai Elantra electric variant goes on sale in China
Automotive News China
Hyundai Motor Co. this week launched its first electric vehicle for China -- an electric version of the Elantra compact sedan -- to improve its fleetwide fuel economy. The electric Elantra is produced by Beijing Hyundai Motor Co., the Korean automaker's joint venture with state-owned Chinese automaker BAIC Motor Group Co.
>> More

Nissan to sell battery business to Chinese investors
Reuters
Nissan Motor Co. has agreed to sell its battery business to Chinese investment firm GSR Capital for an undisclosed amount. The business to be sold includes factories in Smyrna, Tenn., and Sunderland, England, and part of Nissan's battery engineering operation in Oppama, Atsugi and Zama, Japan, Nissan said in a statement.
>> More

Chinese ride-hailing giant Didi backs Uber rival Careem
Reuters
Didi Chuxing, China's largest ride-hailing company, has invested in Middle East online taxi service Careem in a partnership deal that marks Didi's latest international expansion against rival Uber. Didi seeks to turn up the heat on Uber via a string of partnerships with regional players in Southeast Asia, Europe and Africa and now the Middle East. It has made similar deals in Latin America as well as with Uber's U.S. rival Lyft.
>> More

Faraday leases California factory to produce EVs
Automotive News
Struggling electric car startup Faraday Future will use an existing California factory for its first production vehicle, due in 2018, after halting plans to build a $1 billion (6.7 billion yuan) plant in Nevada. Faraday has signed a lease on a 93,000-square-meter (1 million-square-foot) plant -- formerly a Pirelli tire plant -- in Hanford, 338 kilometers (210 miles) northwest of its headquarters here.
>> More




 TOP 10 HEADLINES
OF THE LAST WEEK

With Volvo support, Geely's Lynk & CO has a good chance to gain U.S. foothold

GM sales advance in July behind Cadillac, Chevy, Baojun volume

Japan's Big 3 rack up double-digit sales gains in July

Volvo deliveries surge behind locally built models

State-owned China South Industries, FAW switch leaders

Bosch plans Nanjing plant to build latest regenerative braking system

BYD to supply electric buses to Los Angeles transit agency

DiDi to back small Uber rival Taxify in Europe, Africa

Ford China venture's profit slumps behind sharp sales decline

GM names new vehicle engineering chief for China



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