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Foreign brands race to cut import prices after Beijing reduces tariff
Yang Jian | 2018/5/25

SHANGHAI -- Beijing's announcement this week that it will cut the tariff on most imported vehicles to 15 percent from 25 percent sent global brands racing to reduce prices on their imported models.  Although the tariff reduction doesn¡¯t take effect until July 1, many foreign automakers have taken action. Pictured: Yang Jian is managing editor of Automotive News China.
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  China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes and Porsche
Reuters | 2018/5/25

SHANGHAI -- China will cut import tariffs for cars and components, the country's finance ministry said, opening up greater access to the world's largest auto market amid an easing of trade tensions with the U.S. Import tariffs will be cut to 15 percent for most vehicles from 25 percent from July 1, the Ministry of Finance said in a statement, adding this was part of efforts to open up China's markets and spur development of the local auto industry. A small number of imported trucks are taxed at 20 percent currently.
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  GM CEO on China's tariffs: Level playing fields or 'open up the markets'
Michael Wayland | 2018/5/25

General Motors CEO Mary Barra wants China to further reduce its protective tariffs.  "I'd like to see it be level," she told Goldman Sachs CEO Lloyd Blankfein during an event Wednesday at the bank's New York headquarters. "The same going back and forth. Or just open up the markets and let us compete."
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  Tesla slashes Model X price up to $14,000 after China cuts import duty
Reuters | 2018/5/25

Tesla Inc. slashed up to $14,000 off the price of the Model X in China after Beijing announced a major cut in tariffs on imported automobiles, a potential sales boost for the U.S. electric-vehicle maker as the world's largest auto market pivots toward EVs.
>> Read Full Story

  U.S. launches probe to weigh tariffs on car, truck imports
Reuters | 2018/5/25

The Trump administration launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March.  Beijing, which is increasingly eyeing the United States as a potential market for China-built vehicles, said that it would defend its interests.
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  Honda preps small EV with batteries from Chinese supplier, report says
Automotive News China | 2018/5/25

Honda Motor Co. plans to develop a micro electric vehicle with batteries supplied by Chinese battery giant Contemporary Amperex Technology Co., Japan¡¯s Nikkei news agency reported.  The EV will be adapted from the Honda Fit small car.  
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  Volvo to add XC40 crossover output in China
Douglas A. Bolduc | 2018/5/25

Volvo will expand output of its XC40 in Belgium and start production of the compact crossover in China next year to meet stronger-than-expected demand, the company said Thursday.  The Swedish automaker also promised to expand its compact vehicle family with a range of new models to replace the current V40.
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  Bosch opens 2nd infotainment, component plant in Wuhu
Automotive News China | 2018/5/25

German supplier Robert Bosch opened a second plant in the east China city of Wuhu this week to expand output of infotainment and other connectivity systems for vehicles produced in China.  The 269 million yuan ($42.2 million) factory will produce infotainment systems, instrument clusters and connectivity control units, the company said.
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  Dana launches output of thermal control systems in Yancheng
Automotive News China | 2018/5/25

U.S. supplier Dana Inc. launched a plant in the east China city of Yancheng to produce thermal management products for conventional and plug-in hybrid vehicles.  The 105 million yuan ($16.7 million) factory covers 8,000 square meters (86,000 square feet) and at full capacity can build 8 million thermal acoustical shields and battery cold plates annually for plug-in hybrid vehicles, Dana said.
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  VW Group's sales rise behind Audi, Skoda
Automotive News China | 2018/5/22

Volkswagen Group's deliveries in China rose nearly 12 percent to 334,800 in April, led by the Audi and Skoda brands.  Through April, the German auto giant delivered 1,345,400 vehicles in China, its largest market worldwide, for an increase of 13 percent from the same period last year.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Foreign brands race to cut import prices after Beijing reduces tariff

China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes and Porsche

GM CEO on China's tariffs: Level playing fields or 'open up the markets'

Tesla slashes Model X price up to $14,000 after China cuts import duty

U.S. launches probe to weigh tariffs on car, truck imports

Honda preps small EV with batteries from Chinese supplier, report says

Volvo to add XC40 crossover output in China

Bosch opens 2nd infotainment, component plant in Wuhu

Dana launches output of thermal control systems in Yancheng

Toyota plans to roll into EV market in GAC Motor vehicle

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