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Who will follow BMW and gain control of key China operations?
Yang Jian | 2018/10/19

SHANGHAI -- BWM Group last week signed a deal with Brilliance China Automotive Holdings to increase its stake in their partnership to 75 percent from 50 percent. So who will become the second major global automaker to gain control of its China joint ventures, where ownership has been capped under Chinese government rules at 50 percent?  Pictured: Yang Jian is managing editor of Automotive News China.
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Chinese EV makers, nurtured by state, now look for way out of glut
Reuters | 2018/10/19

China is using preferential policies and brute manufacturing power to position itself at the forefront of global efforts to electrify transportation.   By the end of 2017, ownership of new-energy vehicles -- a category that includes electric vehicles, plug-in hybrids and green alternatives such as fuel cell vehicles -- reached 1.8 million in China, over half the world's total.  But not all of the country¡¯s EV hopefuls will make it to the finish line.

>> Read Full Story

  Tesla acquires land in Shanghai for EV plant
Automotive News China | 2018/10/19

Tesla Inc. is spending 973 million yuan ($141 million) for rights to land in suburban Shanghai where it plans to build a plant to produce vehicles for sale in China.   
>> Read Full Story

  Renault-Brilliance plans electric vans to buck China slowdown
Reuters | 2018/10/19

PARIS -- Renault and Chinese partner Brilliance plan to launch three electric delivery vans in two years, seeking to capitalize on robust growth in China's commercial vehicle market and city center driving curbs on combustion engines.
>> Read Full Story

  China's electrified vehicle fleet tops 2.21 million
Automotive News China | 2018/10/19

China¡¯s fleet of electric vehicles and plug-in hybrids topped 2.21 million by the end of September as sales of electrified vehicles continued to surge in the country.
>> Read Full Story

Geely 'corrects' rumors about presidential family ties
Reuters | 2018/10/19

BEIJING -- Geely Automobile Holdings, long the subject of speculation about its political ties, moved to dispel a widely held belief its chairman's wife was related to Chinese President Xi Jinping. The automaker, which owns a major stake in Germany's Daimler AG, Swedish automaker Volvo and the firm that makes London black cabs, revealed in a filing the name of Chairman Li Shufu's spouse was Li Wang, and she jointly holds 4.9 million shares in the firm.

>> Read Full Story

  VW Group sales dip for fourth straight month
Automotive News China | 2018/10/16

Volkswagen Group¡¯s China deliveries dropped for the fourth straight month, declining 5.7 percent to 383,500 vehicles in September, because of weak sales at the VW brand. 
>> Read Full Story

  Deliveries at GM's two joint ventures fall 6.1% in September
Automotive News China | 2018/10/16

Sales at General Motors¡¯ two joint ventures in China dropped 6.1 percent year on year to 354,135 vehicles in September amid a sharp downturn of the Chinese car market.
>> Read Full Story

  BMW tops Mercedes-Benz for first time this year
Automotive News China | 2018/10/16

BWM Group outsold German rival Mercedes-Benz in China for the first time this year in September.   BMW Group said it delivered 59,616 vehicles under the BMW and Mini brands, a jump of 13 percent from a year earlier.   Mercedes-Benz¡¯s China sales increased 6.9 percent to 54,632. 
>> Read Full Story

  Ford's JV partner Changan warns about losses for 3rd quarter
Automotive News China | 2018/10/16

Chongqing Changan Automobile Co., which runs vehicle joint ventures with Ford Motor Co. and Mazda Motor Corp., estimates it lost 310 million to 810 million yuan ($44.8 million to $117.1 million) in the third quarter because of reduced investment returns from its joint ventures.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Auto sales post biggest drop in 7 years as growth engine stalls

Trump's trade war casts dark shadow over China

BMW, in 'new era,' to take control of Brilliance JV for $4.2 billion

VW brand sales slump for 4th straight month

Dealers push for tax cut as growth stalls

Tesla zeros in on $145M tract for China plant

Foton offers to sell majority stake in Borgward

Tesla's top outside investor acquires stake in challenger Nio

Daimler, Geely team up on ride-hailing venture

Valeo sees big industry shift to 48-volt systems

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