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  Volkswagen may pick China for first EV battery plant
Automotive News Europe | 2016/6/28

FRANKFURT -- China may be the first country where Volkswagen Group could invest billions in one or more plants to manufacture electric-vehicle batteries, a source close to senior management said, citing the Chinese government¡¯s determined support for EVs.  Volkswagen is overhauling its long-term strategy, and a key factor, according to CEO Matthias Mueller, is an "electrification initiative second to none in the industry" that involves the launch of 30 fully electric models by 2025.
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  GAC partners with LeShi to open online vehicle sales company
Automotive News China | 2016/6/28

Guangzhou Automobile Co. and its insurance subsidiary established a joint venture with Chinese Internet company LeShi Holdings to sell cars, parts and services, auto finance and insurance online.  The 1.4 billion ($212 million) new company, Dasheng Technology Co., is incorporated in the south China city of Guangzhou where GAC is headquartered. 
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  Geely to sell stake in EV subsidiary Ninghai Zhidou
Automotive News China | 2016/6/28

Geely Automobile Holdings signed an agreement to sell part or all of its 45 percent stake in Ninghai Zhidou Electric Vehicles Co. to a third-party investor.  Geely did not disclose financial terms of the deal or identify the investor. Ninghai Zhidou, located in the east China city of Ningbo, makes electric city cars.
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  Dealership stockpiles ease in May as new models boost sales
Automotive News China | 2016/6/28

Dealership inventories across China averaged 41 days in May, down from 46 days in April, as consumers flocked to dealerships stocked with new products, according to the China Automobile Dealers Association.  The dealer group attributed the decline in stockpiles to strong sales generated by new models launched at the Beijing auto show in April.
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  German robotics maker upbeat about Chinese buyout bid
Reuters | 2016/6/28

The head of robotics for Kuka, a major German supplier of automotive robotics, says Chinese appliance maker Midea's $5.1 billion (34 billion yuan) bid for the company could help Kuka expand in China. Kuka already sells 25 to 30 percent of its robots in China, Chairman Stefan Lampa says, adding it's essential to have research and development centers there for the local market, as the German firm has had for the past year and a half.
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  China may let foreign carmakers control joint ventures
Bloomberg | 2016/6/28

China's government is considering the removal of caps on stakes foreign carmakers can own in joint ventures with local partners, potentially loosening a policy criticized for shielding state-owned companies from competition.  Xu Shaoshi, chairman of the National Development and Reform Commission, said the government is looking into lifting the 50 percent cap in an interview at a World Economic Forum event in Tianjin. 
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  JAC mulls electric car output in Bulgaria
Automotive News Europe | 2016/6/28

SOFIA, Bulgaria -- Chinese automaker Jianghuai Automobile Co. is exploring opportunities to start making electric cars in Bulgaria, the Balkan country's economy ministry said.   "JAC Motors looks at Bulgaria as an entry point to the European markets for the electric-powered cars and buses it is manufacturing," the ministry said in a statement. 
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  Huaxiang, settling dispute, buys stake in 2 JVs with Grupo Antolin
Plastics News China | 2016/6/28

Chinese auto supplier Ningbo Huaxiang settled a marketing dispute with Spain's Grupo Antolin and agreed to acquire stakes in two of the Spanish automotive supplier¡¯s joint ventures.  Huaxiang is paying 119 million yuan ($18 million) for a 50 percent stake in Ningbo Antolin Huaxiang Auto Parts Co., which makes pillars, door panels, and air inlet grilles, and 46 million yuan for a 50-percent stake in Yangzhou Antolin Huaxiang Auto Parts Co., which produces door trim, door modular systems and interior trim. 
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  COMMENT
Consumer loans finally find a niche in China's car market
Yang Jian | 2016/6/24

SHANGHAI -- China may be the world's biggest car market, yet most dealerships here are losing money.  Only 44 percent of the dealers in China were profitable in 2015, according to J.D. Power, a market research firm. That's because Chinese dealerships rely heavily on new-car sales -- rather than used cars, consumer finance or repairs -- to make a profit.  Now, new-car deliveries are slowing and China's auto market is still too young to support robust sales of used cars.  But every cloud has a silver lining. Consumer loans, still a fledgling business, have grown fast in recent years and are starting to generate sizable profits for dealers.  Pictured: Yang Jian is managing editor of  Automotive News China.

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  Dongfeng-PSA reshuffles management amid sales slump
Automotive News China | 2016/6/24

Dongfeng Peugeot Citroen Automobile Co. appointed a new general manager and executive vice general manager after suffering a sales slump in the first five months of the year.  Dongfeng Peugeot, located in the central China city of Wuhan, is a 50-50 joint venture between China's Dongfeng Motor Corp. and PSA Peugeot Citroen.  Su Weibin, a Dongfeng veteran who leads the state-owned automakers' international business, was named Dongfeng Peugeot's new general manager, effective Aug. 1, the joint venture said this week in a statement.
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TOP 10 HEADLINES
OF THE LAST WEEK
Consumer loans finally find a niche in China's car market

Dongfeng-PSA reshuffles management amid sales slump

Land Rover copycat lawsuit proceeds despite patent cancellation

Shanghai firm denies deal with Tesla to build factory

Chinese-owned Faraday to test self-driving cars in California

Hyundai-Kia unify management of China production, sales

Buick unveils redesigned Encore crossover in China

Chery sees May sales rise 16% with boost from compact crossover, sedan

Mazda deliveries dip as Skyactiv loses steam

How China could dominate the internet of vehicles

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