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  Daimler, BAIC to invest 5 billion yuan for EV output
Reuters | 2017/11/21

Daimler AG and partner BAIC Motor Corp. plan to invest 5 billion yuan ($755 million) in China to produce electric vehicles and batteries to meet the country¡¯s EV production quotas.  Hubertus Troska, chief of Daimler¡¯s greater China operations, said the investment was part of Daimler¡¯s previously announced $11.8 billion global green car initiative.
>> Read Full Story

  VW Group to launch 7 SUVs, crossovers in 2018
Automotive News China | 2017/11/21

Volkswagen Group plans to introduce at least seven SUV and crossover models in China under the Volkswagen and Skoda marques next year.  Four of the new models will be marketed under the VW brand, Stephan Wollenstein, the brand¡¯s China chief, said at the Guangzhou auto show last week.
>> Read Full Story

  Toyota plots return to EVs, this time across Asia
Bloomberg | 2017/11/21

Toyota Motor Corp. will introduce electric vehicles in China and India starting in 2020 as it accelerates a push into battery-powered autos amid rapidly tightening environmental regulations.  The automaker will design its own electric car to sell in China, and also might sell EVs developed by its Chinese partners under the Toyota marque, the company¡¯s head of China operations, Hiroji Onishi, said Friday during the Guangzhou auto show. 
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  Cadillac, drawing younger buyers, sees sales surging
Reuters | 2017/11/21

General Motors' Cadillac luxury brand expects its China sales to surge 60 percent in 2017 -- faster than it had projected at the start of the year -- on strong demand from younger buyers.  Cadillac, which opened its first assembly plant in China last year, had expected sales to continue growing at a double-digit rate, but slower than the 50 percent growth it posted in 2016.
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  Nissan will send U.S.-built pickups to China
Automotive News | 2017/11/21

Nissan Motor Co. will export the U.S.-built Titan pickup to China, where it hopes to gain a foothold in the market's robust commercial and construction segments while satisfying growing consumer demand for American-style pickups.  Nissan wants to find new markets for the full-size Titan, which has been dwarfed in the critical U.S. market by its Detroit 3 competitors and Toyota. 
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  Nexteer to build Asian technical center in Suzhou
Automotive News China | 2017/11/21

 Nexteer Automotive, a global supplier of steering systems, launched construction last week of its Asian technical center in the east China city of Suzhou. The 30,000-square-meter (322,917-square-foot) center will be in Suzhou¡¯s industrial park, according to Nexteer.  
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  Geely targets Russia with new Belarus factory
Reuters | 2017/11/20

MINSK, Belarus -- A joint venture between Belarus and China's Geely Automobile launched a plant producing Belarussian-made crossovers that will target Russia. Annual vehicle capacity at the plant, 44 miles from Minsk, is set at 60,000. Geely said 90 percent of the cars produced at the factory will be targeted at Russia, where it sold only 1,700 vehicles in the first nine months of the year.
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  COMMENT
China automakers risk huge inventories of unsold EVs
Yang Jian | 2017/11/17

China's electric vehicle market is red hot, but Beijing is not satisfied. The government has licensed a slew of EV startups and it is launching a carbon credit program in 2019 to goad automakers to produce even more EVs. But it¡¯s not at all clear how many consumers really want EVs. And if Beijing has misread the market, it won¡¯t be long before automakers are saddled with huge inventories of unwanted vehicles. Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  VW Group sales rise 9.4% in October
Automotive News China | 2017/11/17

October sales of Volkswagen¡¯s various brands in China rose 9.4 percent year on year to 398,100 vehicles on strong demand for compact crossovers. For the period, Volkswagen Tiguan deliveries jumped 37 percent to 31,100, the company said. VW did not disclose sales of other models.
>> Read Full Story

  VW earmarks 77 billion yuan to develop, build EVs for China
Reuters | 2017/11/17

Volkswagen Group plans to spend 10 billion euros (77 billion yuan) by 2025 to develop all-electric and plug-in hybrid vehicles as it seeks to comply with stringent environmental rules in China. VW intends to launch 15 electric models over the next two to three years, and an additional 25 after 2025, China chief Jochem Heizmann said. 
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
China automakers risk huge inventories of unsold EVs

VW Group sales rise 9.4% in October

VW earmarks 77 billion yuan to develop, build EVs for China

Contemporary Amperex preps IPO to fund EV battery plant, r&d center

Renault targets annual China sales of 550,000 vehicles by 2022

China may issue more EV permits to expand output

BYD to assemble commercial electric trucks in Canada

PSA, Huawei partner to develop telematics software

Audi sees solid year-end sales lifting overall China tally in 2017

GM will meet EV quotas by 2019, China chief says

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