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China's red-hot EV market cools
Yang Jian | 2019/6/14

SHANGHAI -- History has repeatedly shown that a market bubble created by government incentives will burst sooner or later.   That¡¯s what is happening with China¡¯s electrified vehicle market. After forging ahead, propelled by government subsidies for five years, the market is in for a hard landing.    Pictured: Yang Jian is managing editor of  Automotive News China
>> Read Full Commentary

  New-vehicle demand slips 11th straight month
Automotive News China | 2019/6/14

New light-vehicle sales in China fell for the 11th straight month in May, dropping 17 percent year on year to about 1,561,200.   Through May, 8.4 million new light vehicles were sold across the country, a decline of 15 percent from a year earlier, according to the China Association of Automobile Manufacturers. 
>> Read Full Story

  GM's 2 joint ventures post sales declines amid soft demand
Automotive News China | 2019/6/14

New-vehicle sales at General Motors¡¯ two joint ventures in China tumbled in May as market demand remained weak.   Deliveries at SAIC-GM, GM¡¯s car partnership with SAIC Motor Corp., dropped 9 percent to 141,251 last month, according to SAIC, a Shanghai-listed company.
>> Read Full Story

  Detroit 3 lose shine in China as trade tensions simmer
Bloomberg | 2019/6/14

As China¡¯s car market cools, American manufacturers are among those getting hurt the most.   The market share of U.S. brands fell to 9.6 percent in the first five months of 2019 from 10.9 percent a year earlier, the state-backed China Association of Automobile Manufacturers said. German and Japanese brands, meanwhile, gained share in the world¡¯s largest car market.
>> Read Full Story

  Geely, LG Chem to form $188 million EV battery joint venture
Automotive News China | 2019/6/14

Geely Automobile Holdings, the largest domestic Chinese carmaker, plans to establish a $188 million (1.3 billion yuan) joint venture with Korean battery supplier LG Chem to produce batteries for its growing lineup of electric vehicles.   The partnership will be equally owned by LG Chem and Geely¡¯s Shanghai subsidiary, Shanghai Maple Guorun Automobile Co. 
>> Read Full Story

  Trump leaves China trade deadline open
Reuters | 2019/6/14

WASHINGTON -- U.S. President Donald Trump declined to set a deadline on Wednesday for levying tariffs on another $325 billion of Chinese goods and called the relationship with Beijing good but "testy" after China walked back commitments for a trade deal.
>> Read Full Story

  Real estate developer Evergrande to build EV production complex in Guangzhou
Automotive News China | 2019/6/14

China Evergrande Group, a leading real estate developer in China, plans to build a 160 billion yuan ($23 billion) production complex for electric vehicles and related components in the south China city of Guangzhou.  The site is to boast an EV plant with annual capacity of 1 million vehicles, a factory that can build up to 50 gigawatt-hours of EV batteries a year and a plant capable of supplying electric motors and control systems to 1 million EVs annually.
>> Read Full Story

  BMW shift in X3 output gives lift to sales
Bloomberg | 2019/6/13

BMW Group reported a 33 percent sales jump in China during May after a shift to local production of the X3 crossover boosted deliveries, defying a yearlong pullback in the world¡¯s largest automotive market.
>> Read Full Story

  U.S. denies Tesla request for tariff relief on Chinese-made Model 3 'brain'
Reuters | 2019/6/13

WASHINGTON -- The Trump administration has denied requests to exempt Tesla Inc.'s Model 3 from 25 percent tariffs on its Chinese-made car computer and center screen. The U.S. Trade Representative's Office denied both requests in May 29 letters, saying they both concern "a product strategically important or related to 'Made in China 2025¡¯ or other Chinese industrial programs."
>> Read Full Story

  Geely sales slump for 2nd straight month
Automotive News China | 2019/6/11

Geely Automobile Holdings, the largest domestic Chinese carmaker, reported sharply lower sales for the second consecutive month in May after posting a mild rebound in March.  Combined deliveries of the Geely mass-market marque and Lynk & CO premium brand fell 27 percent to 90,309 as it continued to reduce high dealer inventories, Geely Auto said.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
China's red-hot EV market cools

New-vehicle demand slips 11th straight month

GM's 2 joint ventures post sales declines amid soft demand

Detroit 3 lose shine in China as trade tensions simmer

Geely, LG Chem to form $188 million EV battery joint venture

Trump leaves China trade deadline open

Real estate developer Evergrande to build EV production complex in Guangzhou

BMW shift in X3 output gives lift to sales

U.S. denies Tesla request for tariff relief on Chinese-made Model 3 'brain'

Geely sales slump for 2nd straight month

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