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Real estate developers' entry bodes well for China's EV ambitions
Yang Jian | 2018/8/17

SHANGHAI -- Since last year, several major Chinese real estate developers have placed a bet on electric vehicles. They see synergies to be generated between EVs and their existing business, rather than short-term financial gains.   Their investments will help Chinese EV makers better cope with high capital expenditures and weather potential market risks.   Pictured: Yang Jian is managing editor of  Automotive News China.
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  In China port city, Toyota lays foundation to ramp up output, sales
Reuters | 2018/8/17

Toyota Motor Corp. is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that's gathering pace as China-Japan ties improve.   The company's plan to boost annual production capacity by about a quarter in Tianjin will lay the foundation to increase sales in China to 2 million vehicles per year, a jump of more than 50 percent, Reuters reported, citing company insiders with knowledge of the matter.
>> Read Full Story

  Sales at PSA joint venture fall after 6-month rebound
Automotive News China | 2018/8/17

Sales at Dongfeng Peugeot Citroen, PSA Peugeot Citroen¡¯s China partnership with Dongfeng Motor Group, plunged in July after a brief first-half recovery.   The joint venture, which builds and markets Peugeot and Citroen vehicles, had its China deliveries plummet 38 percent to 13,189 last month, according to Dongfeng. 
>> Read Full Story

  BYD lands EV orders from Atlanta and Georgia
Automotive News China | 2018/8/17

BYD Co., China¡¯s largest electrified vehicle maker, has won contracts to supply electric vehicles to the state of Georgia and the city of Atlanta.   The company will supply four electric vans and four electric buses to Georgia for use by local government agencies, universities and public transport operators, BYD said this week. The company also will supply four electric buses, three electric vans, three electric trucks and an unspecified number of electric taxis to Atlanta.
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  Electrified vehicle sales approach half a million in first 7 months after July surge
Automotive News China | 2018/8/17

Sales of electric vehicles and plug-in hybrids in China advanced 48 percent year on year in July to roughly 84,000.  As a result, deliveries of EVs and plug-in hybrids approached 496,000 in the first seven months, according to the China Association of Automobile Manufacturers.
>> Read Full Story

  EV maker Nio files for IPO
Bloomberg | 2018/8/17

Nio Inc., the electric vehicle maker backed by technology giant Tencent Holdings, filed for a $1.8 billion (12.48 billion yuan) initial public offering as it gears up to compete against the likes of Tesla Inc.
>> Read Full Story

  Faraday Future sets up HQ in China
Reuters | 2018/8/17

The company that owns a 45 percent stake in electric vehicle startup Faraday Future said Faraday has set up its operating headquarters in China and plans to build five r&d and production bases across the country in the next decade.   
>> Read Full Story

  Light-vehicle sales drop in July behind weak crossover, SUV volume
Automotive News China | 2018/8/14

Sales of new light vehicles in China decreased 5.3 percent to about 1,589,500 in July as demand for crossovers and SUVs remained weaker for a second straight month. 
>> Read Full Story

  VW brand deliveries dip again as consumers delay purchases over lower tariffs
Automotive News China | 2018/8/14

Volkswagen brand¡¯s sales in China declined for two consecutive months, with July volume dropping 2.4 percent to 223,500.    "The reason for the fall in China was a reduction in customs duties on imported vehicles," VW brand said.  "Following this change, customers have taken more time over their purchase decisions."
>> Read Full Story

  Audi narrowly outsells Mercedes-Benz in July
Automotive News China | 2018/8/14

Audi¡¯s China sales topped those of Mercedes-Benz last month for the first time this year.   Audi sales increased 3.8 percent to 53,191 while Mercedes-Benz deliveries rose 8.3 percent to 52,616.  
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Real estate developers' entry bodes well for China's EV ambitions

In China port city, Toyota lays foundation to ramp up output, sales

Sales at PSA joint venture fall after 6-month rebound

BYD lands EV orders from Atlanta and Georgia

Electrified vehicle sales approach half a million in first 7 months after July surge

EV maker Nio files for IPO

Faraday Future sets up HQ in China

Light-vehicle sales drop in July behind weak crossover, SUV volume

VW brand deliveries dip again as consumers delay purchases over lower tariffs

Audi narrowly outsells Mercedes-Benz in July

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