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  Alibaba signs AI deal with Daimler, Audi, Volvo
Hans Greimel | 2018/4/24

BEIJING -- Chinese online retailing giant Alibaba is teaming with global auto brands for the first time to supply artificial intelligence technology for home-to-vehicle connectivity.  Alibaba A.I. Labs, the company's artificial intelligence unit, will supply its AI + Car system to Daimler, Audi and Volvo for deployment in China, Alibaba said Monday.
>> Read Full Story

  Daimler may buy tiny stake in Volvo, report says
Reuters | 2018/4/24

FRANKFURT -- Daimler AG is open to supplying Volvo with engines and could even take a small stake in the Swedish automaker, Germany's  Manager Magazin   reported, raising the possibility of increased cooperation between Mercedes-Benz and Volvo's Chinese owner, Geely.
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  Chairman Mao's sedan may be revived with assist from EV startup
Bloomberg | 2018/4/24

China FAW Group Corp., the carmaker that developed the "Red Flag" limousine for Chairman Mao Zedong six decades ago, is working with a local electric-car company led by former BMW AG managers to revive the brand.  State-owned FAW is investing in Nanjing-based Byton, the startup formerly known as Future Mobility Corp., said Daniel Kirchert, one of Byton¡¯s founders.
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  COMMENT
When in China, do as Didi does
Hans Greimel | 2018/4/24

BEIJING -- If you're a foreigner who has visited China, this experience may sound familiar.  You are stalled in an excruciatingly long line at the taxi stand in front of your hotel, while smart Chinese customers blithely bounce past you in droves to jump in their hailed ride.  Nothing better underscores the power of Didi in the world's most populous country.  Pictured: Hans Greimel is Asia editor of Automotive News
>> Read Full Commentary

  Startups accelerate fundraising in drive for advance tech
Bloomberg | 2018/4/24

Two Chinese firms are accelerating fundraising efforts to expand their foothold in self-driving and other advanced auto technologies, as part of the country¡¯s push to increase its influence as the car industry transforms.  NIO Capital, the investment firm affiliated to electric-vehicle startup NIO, is close to completing the first round of its $500 million offshore fund that will put money in new automotive technologies, according to people with direct knowledge of the matter. 
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  Dealership stockpiles dip slightly as new-vehicle sales pick up
Automotive News China | 2018/4/24

The average days supply of new vehicles at China dealerships slid to 47 days in March from 49 days the previous month as new-vehicle sales started to gather speed.  But the decline in stockpiles was not equally distributed by dealerships across brands, according to data released by the China Automobile Dealers Association.
>> Read Full Story

  BEIJING AUTO SHOW
Mazda preps CX-8 crossover, imported MX-5 RF for China
Automotive News China | 2018/4/24

Mazda Motor Corp., expanding its light-truck lineup with its biggest crossover, will introduce the CX-8 in China for the first time at the Beijing auto show starting this week.  
>> Read Full Story

  EV startup WM Motor marks sales debut with crossover
Automotive News China | 2018/4/24

WM Motor, a Shanghai-based electric vehicle startup, launched sales of a compact crossover Friday, its first product for China.  The EV, the MW EX5, has a starting price of 166,500 yuan ($26,417). After government subsidies, the starting price falls to 99,000 yuan, VW Motor said. 
>> Read Full Story

  Didi Chuxing launches ride service in Mexico
Reuters | 2018/4/24

SAN FRANCISCO -- Chinese ride-hailing firm Didi Chuxing on Monday began offering its service in the Mexican city of Toluca, the company said, setting up a potentially costly battle with rival Uber Technologies Inc. in a key Latin American market. 
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  COMMENT
Why it won't be easy for foreign automakers to part with Chinese partners
Yang Jian | 2018/4/20

The Chinese government announced this week that it will phase out restrictions on foreign ownership of joint ventures with domestic automakers by 2020.  The move bodes well for foreign automakers¡¯ future in China as it will allow them to part from joint venture partners and gain full control of local operations.  But a complete separation will be hard for nearly all global brands that manufacture in China and may not be desirable for major global automakers such as General Motors.  Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary
 

TOP 10 HEADLINES
OF THE LAST WEEK
Why it won't be easy for foreign automakers to part with Chinese partners

China to scrap foreign ownership caps on joint ventures by 2022

Infiniti sets ambitious plan to hike China output

SUVs, EVs will reign supreme to answer China's booming demand

Daimler investor Li warns automakers must talk or face oblivion

GM, in electric push, preps Buick Velite 6 PHEV, EV

Honda, Toyota prepare electrified cars

Lexus' next-gen ES sports new contours, tweaked grille

VW Group tops GM in 1st quarter behind Audi, Skoda

China, in global race, sets rules for self-driving vehicle tests

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