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  Kia dealers seek 2.5 billion yuan compensation for unsold inventory
Reuters | 2017/1/24

A group of more than 100 auto dealers in China has said it would consider refusing to sell Kia-brand cars unless it receives 2.5 billion yuan ($364 million) in compensation for losses brought about by unsold stock.  The group issued the warning in a letter that objected to the amount of inventory dealers are required to stock. Reuters read a copy of the letter.
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  Hyundai's China JV targets 10 percent sales growth in 2017
Automotive News China | 2017/1/24

Beijing Hyundai Motor Co.  aims to grow China sales 10 percent this year to 1.25 million vehicles.  To boost sales, the 50-50 joint venture between Hyundai Motor Co. and Beijing Motor Group Co. will launch the new ix35 crossover as well as the Yudong Elantra and the Verna compact cars this year.


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  Lincoln to slow expansion of China dealer network this year
Automotive News | 2017/1/24

Lincoln will continue to expand in China this year, but the pace of growth for its dealership network will likely slow.  Ford Motor Co.'s luxury brand exceeded its target by building its dealer network up to 65 stores in dozens of cities as of Dec. 31, up from 30 stores in 2015.  But Lincoln President Kumar Galhotra said the rate of dealership openings will cool in 2017. 
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  Beijing approves first wave of green models eligible for subsidies
Reuters | 2017/1/24

The Chinese government issued the first list of "recommended" electric vehicles and plug-in hybrids, paving the way for 185 car models to receive subsidies.  Beijing has spent billions of yuan promoting these vehicles to help Chinese automakers develop technology to surpass foreign competitors and curb pollution. But widespread cheating in the subsidy program prompted the government to cap subsidies and raise technical standards for applicants. As a result, all models previously approved for subsidies are required to reapply.
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  Mazda's sales surge 21% in 2016 on demand for efficient powertrains
Automotive News China | 2017/1/24

Mazda Motor Corp. sold 285,653 vehicles in China last year -- up 21 percent from 2015 -- as demand remained strong for its efficient Skyactiv powertrains.  Mazda said it got a boost from four nameplates -- the Mazda3 Axela, CX-4, CX-5 and Mazda6 Atenza -- that are equipped with Skyactiv direct-injection engines.
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  Volvo appoints Yu Xiaolin new Asia chief
Automotive News China | 2017/1/24

Volvo Car Corp. named Yu Xiaolin to succeed Lars Danielson as senior vice president of the company's Asia-Pacific operations.  The appointment takes effect on March 1; Danielson will retire at the end of February.  For the past two years, Yu has been Volvo's deputy vice president for the Asia region. Last year, he also became Volvo's China sales chief.
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  VW plans to build first EVs with JAC in 2018
Reuters | 2017/1/24

BEIJING --  Volkswagen Group plans to make its first electric cars with China's Anhui Jianghuai Automobile by 2018 and hopes the joint venture will get government approval in the first half of this year, Jochem Heizmann, VW's China CEO said.  Heizmann made the comments after he signed a preliminary deal at a media briefing in Beijing on Thursday. 
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  Dealer inventories plunge in December as consumers rush to beat tax deadline
Automotive News China | 2017/1/24

Vehicle stockpiles at dealerships across China slumped to an average of 25 days in December from 40 days in the previous month, thanks to a year-end consumer buying spree.  Inventories declined as car buyers took advantage of a tax break for vehicles with small engines that expired Dec. 31. In December, China's light-vehicle sales rose 9.1 percent year on year to top 2.67 million vehicles.
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  VW raises stakes in fight to dominate crossover, SUV market
Yang Jian | 2017/1/20

SHANGHAI -- In China, Volkswagen Group initially was slow to respond to consumers' strong appetite for crossovers and SUVs.  For years its two mass-market brands, Volkswagen and Skoda, had only three Chinese crossovers -- the VW Tiguan and Touareg and the Skoda Yeti.  Pictured: Yang Jian is managing editor of  Automotive News China.
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  China EV startup to build 11.6 billion yuan assembly plant
Bloomberg | 2017/1/20

Future Mobility Corp., the electric carmaker that counts former executives at BMW AG and Nissan Motor Co.'s Infiniti among its founding shareholders, said it will build an 11.6 billion yuan ($1.7 billion) assembly plant for electric vehicles in China.  The startup wants to sell its first model by 2020.
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TOP 10 HEADLINES
OF THE LAST WEEK
VW raises stakes in fight to dominate crossover, SUV market

China EV startup to build 11.6 billion yuan assembly plant

VW targets 400,000 annual EV, plug-in hybrid sales in China by 2020

PSA's China sales, hurt by lack of crossovers, fall 16% in 2016

VW delays bid to boost Audi's China sales with SAIC deal

GM to launch 18 new, redesigned models in China this year

Jaguar Land Rover's Latin American chief to run China sales unit

Zhangzhou to build test center for self-driving vehicles

BYD plans to sell passenger cars in U.S. in 2-3 years, exec says

Mercedes narrows luxury sales gap with BMW, Audi

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