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  COMMENT
Are China's state-owned automakers too weak to compete?
Yang Jian | 2016/7/29

SHANGHAI -- Every year, China's big state-owned automakers celebrate their inclusion on the list of Fortune 500 companies -- the ultimate status symbol for up-and-coming companies.  So the last thing these automakers want you to know is how very weak they really are.  But that's changing. Last week, some of the companies finally admitted that they can't survive without the partnerships they've formed with foreign automakers.  And they did so by warning Beijing not to allow foreign automakers to gain majority shares of their Chinese joint ventures.  Pictured: Yang Jian is managing editor of Automotive News China.
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  VW deliveries advance 19% in June but rival GM takes sales lead
Automotive News China | 2016/7/29

Volkswagen AG said deliveries at its various brands in China rose nearly 19 percent year on year to 299,800 in June as the automaker benefited from a sales surge across the industry.  In the first six months, VW's group sales in China rose 6.8 percent year on year to 1.74 million vehicles.  That wasn't enough to keep pace with rival General Motors, which posted sales of 1.81 million, or a 5.3 percent gain for the period.
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  China's city slickers embrace pickup trucks
Bloomberg | 2016/7/29

China's aspiring urban cowboys are finally getting their moment.  Pickup trucks, long relegated to workhorses for the country's farmers, are being allowed in select urban areas for the first time. So far, the plan to energize one of the last untapped segments in the biggest auto market is catching on.
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  Nanjing, eyeing gridlock, considers limits on new license plates
Bloomberg | 2016/7/29

China's eastern Nanjing city is studying whether to restrict new vehicle license plates to reduce traffic congestion, according to an official report posted Monday, despite concerns it could counter central government moves to boost car sales.  Car industry consultant John Zeng, managing director of LMC Automotive, said such a policy would hamper Beijing's efforts to stimulate auto sales as China struggles with the slowest economic growth in 25 years.
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  Changan says road-test ban will hamper driverless cars
Bloomberg | 2016/7/29

Chongqing Changan Automobile Co., which completed a 1,200-mile trek with a self-driving car  this year, has postponed public road tests in response to a regulatory ban it said could impede efforts to develop and market autonomous vehicles.  The company, which operates joint ventures with Ford Motor Co., will try to simulate real-world traffic conditions in private testing sites and has suspended all road tests on public streets, said Liang Fenghua, the head of Changan's intelligent vehicle division. 
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  SAIC to build 1.7 billion yuan RV plant
Automotive News China | 2016/7/29

SAIC Motor Corp. plans to construct a 1.7 billion yuan ($254 million) plant in eastern China's Jiangsu province to build RVs. The factory in Liyang, Jiangsu, will produce up to 16,000 RVs a year when fully operational, the company said. SAIC did not disclose a timetable for the plant's construction. 
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  PSA posts record earnings despite slow sales in China
Reuters | 2016/7/29

French automaker PSA Group shrugged off a drop in Chinese sales and an aging lineup to deliver record first-half profit, as CEO Carlos Tavares made progress on his turnaround plan for the maker of Peugeot, Citroen and DS cars.  The company said net income doubled to 1.2 billion euros (8.9 billion yuan) despite a decline in revenue and deliveries, soundly beating market expectations.
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  COMMENT
UCAR will miss out on China's taxi-on-demand industry
Tim Culpan | 2016/7/29

While executives at Didi Kuaidi and Uber look like they can at last pop the champagne over China's official legalization of their businesses, there is one company left in the corner with the dunce's hat on.  UCAR and its affiliate Car Inc. were betting on tight rules that would give their own business model a regulatory advantage. Through a series of complicated financial maneuvers, Car has been raising money to expand its fleet for the primary purpose of feeding UCAR's chauffeur business.
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  Samsung gains EV foothold in China with 3 billion yuan BYD stake
Bloomberg | 2016/7/26

A unit of Samsung Electronics Co. bought a $449 million (3 billion yuan) stake in BYD Co., gaining a key access point to China's electric-vehicle market.  Samsung pursued a stake in BYD after an affiliate was among foreign battery makers left off a list of suppliers approved by China, where sales of EVs are surging.

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  Passenger vehicle exports, aided by Volvo and GM, rise for 3rd straight month
Automotive News China | 2016/7/26

China's passenger vehicle exports grew for the third consecutive month, rising 13 percent year on year to 43,000 in June, according to the China Association of Automobile Manufacturers.  While major Chinese exporters such as Great Wall Motor Co. and Geely Automobile Holdings posted a drop in shipments last month, General Motors and Volvo Car Corp. boosted exports to North America.
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TOP 10 HEADLINES
OF THE LAST WEEK
How China's economic problems could help the auto industry

Former Fujian Motor chairman faces corruption charges

Hyundai dealers, citing losses and import cuts, seek 800 million yuan in relief

Infiniti sales rise 12% in June after 2-month decline

Dealership inventories rise as automakers pursue ambitious sales targets

China bans road tests of self-driving cars until rules are set

Rebound in auto sales takes hold with strong first half

Take that, Tesla. China's BYD shows Musk how it's done

Ningbo Joyson's Key Safety Systems plans bid for embattled airbag maker Takata, report says

Audi, BMW see modest sales advances; Mercedes gains share in June

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