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  SAIC's 2017 net profit rises 7% behind sales growth
Automotive News China | 2018/1/23

SAIC Motor Corp. estimates its net profit last year rose 7 percent to 34.2 billion yuan ($5.3 billion).  The state-owned automaker attributed the increase in profitability to sales growth at its subsidiaries and joint ventures with General Motors and Volkswagen Group, the two biggest foreign automakers in China.
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  Hyundai, Kia post steep 2017 sales declines
Automotive News China | 2018/1/23

Hyundai Motor Co. and affiliate Kia Motors posted steep sales slumps in China last year as consumers boycotted leading Korean brands amid a diplomatic spat.  Sales at Beijing Hyundai Motor Co. fell 31 percent to 785,006 in 2017, according to the China Association of Automobile Manufacturers. Deliveries at Dongfeng Yueda Kia plunged 45 percent to 360,006. 
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  Great Wall launches EV r&d center in Austria
Automotive News China | 2018/1/23

Great Wall Motor Co. opened an r&d center in Kottingbrunn, Austria, to speed development of key components for electric vehicles.  Great Wall cited Austria's pool of automotive engineers and their expertise with EVs, new materials and lightweighting for the decision to establish a tech center in the country.   
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  ZF, Nvidia, Baidu to supply self-driving technology to Chery
Automotive News China | 2018/1/23

Chery Automobile Co. will use a technology platform developed by ZF Friedrichshafen, Nvidia Corp. and Baidu Inc. to guide self-driving vehicles, Nvidia says.  The platform, ZF ProAI, includes software and computer processors for Level 3 autonomous vehicles, which can self-steer, brake and accelerate in limited conditions on the highway.
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  EV startup Byton seeks to raise 2.5 billion yuan
Bloomberg | 2018/1/23

Byton, the Chinese electric-vehicle startup founded by former BMW Group executives, is seeking $400 million (2.5 billion yuan) in a new round of funding, sources say.  The Nanjing company, which showcased a concept crossover at CES in Las Vegas this month, has reached out to potential investors, according to the sources.
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  FACTORY ASSIST
For GM, a big hand from outside contractors on the plant floor
Reuters | 2018/1/23

GM has deployed third-party logistics contractors inside all 17 of its joint-venture assembly plants in China to transport materials, manage nearby parts warehouses and deliver components to the shop floor. Outsourcing in-plant material handling jobs, traditionally done by GM workers, allows the company employees to focus on the more critical work of improving quality and efficiency, GM officials say.

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  Visteon to help GAC design self-driving vehicles
Automotive News China | 2018/1/23

Visteon Corp. has signed an agreement to help Guangzhou Automobile Group Co. develop self-driving vehicles.  The state-owned automaker will use Visteon¡¯s DriveCore platform, a software package designed to identify road objects and navigate the vehicle safely.
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  COMMENT
What has emboldened GAC to enter U.S.?
Yang Jian | 2018/1/19

China's state-owned automakers tend to be risk-averse creatures.  As profits pour in from their partnerships with foreign automakers, they hesitate to rock the boat.  So why is Guangzhou Automobile Group Co. behaving differently? What led the company to disclose plans this week to enter the U.S., widely viewed as the world¡¯s toughest market?  Pictured: Yang Jian is managing editor of Automotive News China.
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  VW Group edges GM in 2017 sales race
Automotive News China | 2018/1/19

Volkswagen Group said its various brands sold 4.18 million vehicles in China last year, up 5.1 percent year on year as the automaker¡¯s Audi brand continued its recovery from a dealer boycott.  Volkswagen outsold rival General Motors, whose China deliveries rose 4.4 percent to 4.04 million. The company also gained share in a sluggish market. 
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  GM targets China for most of its future EV sales
Reuters | 2018/1/19

General Motors¡¯ China unit will market a "substantial portion" of the automaker's future electric vehicles, GM China President Matt Tsien said on Wednesday.  In a briefing at GM headquarters in Detroit, Tsien said, "China is at the heart of our electrification strategy."
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
What has emboldened GAC to enter U.S.?

VW Group edges GM in 2017 sales race

GM targets China for most of its future EV sales

Toyota adds production line with GAC

GAC's U.S. drive runs into Washington opposition

PSA sales in China, Southeast Asia slump

Geely raises 1 billion yuan for Cao Cao ride-hailing service

Audi fends off BMW, Mercedes in China's luxury sales race

Electrified vehicle sales surge 53% in 2017

Japanese brands zoom in China as U.S. sales cool

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