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With Volvo's help, Geely goes upscale with a new flagship sedan
Yang Jian | 2015/3/27

SHANGHAI -- Zhejiang Geely Holding Group Co. launched sales last week of its new flagship car, the GC9 midsize sedan. This is not the first time that Geely Chairman Li Shufu has tried to build a premium product. During the Shanghai auto show in 2009, Geely unveiled a limousine that looked like a poor man's Rolls-Royce. Pictured: Yang Jian is managing editor of Automotive News China.

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  Ford poised to outsell Hyundai as it boosts China output
Bloomberg | 2015/3/27

Ford Motor Co. opened its fourth assembly plant for passenger vehicles in China on Tuesday as part of a $4.9 billion (30 billion yuan) expansion drive, putting it on track to overtake Hyundai Motor Co. in that market. With the new plant, Ford will be able to produce 1.4 million passenger vehicles a year in China, slightly more than Hyundai's 1.05 million.

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  Great Wall aims to sell 5,000 Haval H8 SUVs monthly
Bloomberg | 2015/3/27

Great Wall Motor Co., China's biggest SUV maker, expects sales of its Haval H8 flagship SUV to total 5,000 a month, Chairman Wei Jianjun says. Sales of SUVs will account for more than 90 percent of Great Wall's total deliveries in three years, Wei told reporters on Monday in Hong Kong.

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  XALT signs 6.2 billion yuan deal to supply EV batteries to Hong Kong bus maker
Bloomberg | 2015/3/27

XALT Energy, a Michigan battery maker, has agreed to supply Hybrid Kinetic Group with lithium titanate batteries for electric buses under a contract valued at more than $1 billion (6.2 billion yuan). XALT will supply the Hong Kong electric vehicle maker with batteries that can be recharged in less than 10 minutes under the multiyear contract, the Midland, Mich., company said.

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  BAIC Motor to take stake in Daimler China leasing company
Reuters | 2015/3/27

Chinese automaker BAIC Motor Corp. plans to deepen its partnership with Daimler AG by taking a 35 percent stake in the German company's Mercedes-Benz Leasing Co. BAIC Motor, the passenger-car division of state-owned Beijing Automotive Industry Holding Co., plans a capital increase to pay for the stake.

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  GKN expands driveline parts output in Chongqing
Automotive News China | 2015/3/27

British supplier GKN completed an expansion of its driveline plant in the southwest China municipality of Chongqing this week to better support automakers in central and southeast China. The factory, a joint venture among GKN, Huayu Automotive Systems Co. and China Changan Automobile Group, now can produce 1.5 million sideshafts a year, tripling its previous annual capacity.

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  Key Safety opens r&d center to develop collision avoidance technology
Automotive News China | 2015/3/27

SUZHOU -- U.S. airbag maker Key Safety Systems has opened a technical center in the east China city of Suzhou to develop collision avoidance systems using cameras and radar. Key Safety, of suburban Detroit, is a major producer of airbags, seat belts, steering wheels and related electronics. As the global market for active safety systems grows, Key Safety is expanding into that segment.

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  ChemChina to acquire controlling stake in Pirelli for 47 billion yuan
Reuters | 2015/3/24

China National Chemical Corp. will buy a controlling stake in Pirelli, the world's fifth-largest tire maker, in a 5.6 billion euro (47 billion yuan) deal that will place one of the symbols of Italy's manufacturing industry in Chinese hands. The deal will give state-owned ChemChina access to technology to make premium tires, which can be sold at higher margins, and give the Italian company a boost in the huge Chinese market.

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  Changan Ford buys Hafei assembly plant in northeast China
Automotive News China | 2015/3/24

Changan Ford Automobile Co. is acquiring an assembly plant owned by Hafei Automotive Industry Group Co. in the northeast China city of Harbin to expand vehicle production. "Changan Ford will utilize the acquired assets and upgrade them to meet the increasing demand of the Chinese [car] market," the company said in a statement.

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  Global automakers balance on tightrope
Bloomberg | 2015/3/24

For the past several years, China's central government has been building World Consumer Rights Day into something of a national holiday. Every year, the state-controlled media focus on consumer rip-offs and corruption, lambasting major companies and investigating high-ranking party officials. This year's crackdown again focused heavily on foreign automakers. Global automakers can hardly afford to protest this latest cost of doing business, but they also can't help noticing that China's leaders are increasingly using them as political pinatas.

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TOP 10 HEADLINES
OF THE LAST WEEK
State ownership -- not greed -- is to blame for FAW chairman's downfall

Jaguar Land Rover urged to check claims of gearbox defects

Chinese TV slams VW for engine oil leaks

Geely launches sales of new flagship sedan

Hyundai counts on revamped Tucson crossover to revive China sales

Fuyao Glass seeks to raise 5.8 billion yuan in stock sale

China's state TV can't even persuade car buyers to buy Chinese brands

FAW Chairman Xu Jianyi faces government corruption probe

CCTV rips Land Rover, Nissan, VW, Mercedes for mishandling recalls, repairs

VW brand sales rise 0.9% in first 2 months

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