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  COMMENT
Foreign brands race to cut import prices after Beijing reduces tariff
Yang Jian | 2018/5/25

SHANGHAI -- Beijing's announcement this week that it will cut the tariff on most imported vehicles to 15 percent from 25 percent sent global brands racing to reduce prices on their imported models.  Although the tariff reduction doesn¡¯t take effect until July 1, many foreign automakers have taken action. Pictured: Yang Jian is managing editor of Automotive News China.
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  China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes and Porsche
Reuters | 2018/5/25

SHANGHAI -- China will cut import tariffs for cars and components, the country's finance ministry said, opening up greater access to the world's largest auto market amid an easing of trade tensions with the U.S. Import tariffs will be cut to 15 percent for most vehicles from 25 percent from July 1, the Ministry of Finance said in a statement, adding this was part of efforts to open up China's markets and spur development of the local auto industry. A small number of imported trucks are taxed at 20 percent currently.
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  GM CEO on China's tariffs: Level playing fields or 'open up the markets'
Michael Wayland | 2018/5/25

General Motors CEO Mary Barra wants China to further reduce its protective tariffs.  "I'd like to see it be level," she told Goldman Sachs CEO Lloyd Blankfein during an event Wednesday at the bank's New York headquarters. "The same going back and forth. Or just open up the markets and let us compete."
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  Tesla slashes Model X price up to $14,000 after China cuts import duty
Reuters | 2018/5/25

Tesla Inc. slashed up to $14,000 off the price of the Model X in China after Beijing announced a major cut in tariffs on imported automobiles, a potential sales boost for the U.S. electric-vehicle maker as the world's largest auto market pivots toward EVs.
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  Honda preps small EV with batteries from Chinese supplier, report says
Automotive News China | 2018/5/25

Honda Motor Co. plans to develop a micro electric vehicle with batteries supplied by Chinese battery giant Contemporary Amperex Technology Co., Japan¡¯s Nikkei news agency reported.  The EV will be adapted from the Honda Fit small car.  
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  Volvo to add XC40 crossover output in China
Douglas A. Bolduc | 2018/5/25

Volvo will expand output of its XC40 in Belgium and start production of the compact crossover in China next year to meet stronger-than-expected demand, the company said Thursday.  The Swedish automaker also promised to expand its compact vehicle family with a range of new models to replace the current V40.
>> Read Full Story

  VW Group's sales rise behind Audi, Skoda
Automotive News China | 2018/5/22

Volkswagen Group's deliveries in China rose nearly 12 percent to 334,800 in April, led by the Audi and Skoda brands.  Through April, the German auto giant delivered 1,345,400 vehicles in China, its largest market worldwide, for an increase of 13 percent from the same period last year.
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  Toyota plans to roll into EV market in GAC Motor vehicle
Reuters | 2018/5/22

Toyota Motor Corp. is taking an unprecedented route to meet China's stringent green vehicle quotas: Its showrooms will sell an electric vehicle without the Japanese company's distinctive triple-oval logo.  Instead, it will feature the label of GAC Motor, Toyota's Chinese partner, and will be built around GAC's lower-cost technology.
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  BMW approved to test self-driving vehicles in Shanghai
Automotive News China | 2018/5/22

BMW Group was granted two licenses from the city of Shanghai to test autonomous vehicles in the municipality¡¯s suburban Jiading district.  The move makes BMW the first foreign automaker cleared to test automated vehicles in China, the Commission of Economy and Information Technology under the Shanghai municipal government said. 
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  Q&A
Volvo CEO: Now is the time for brand 'to perform and grow'
'The big question is whether there will be tariffs'
Automotive News Europe | 2018/5/22

Volvo CEO Hakan Samuelsson expects the Swedish brand to capitalize on what he calls the strongest product lineup in the company's history. Samuelsson foresees another year of strong growth.  He also outlined ambitious targets for the automaker's growing lineup of plug-in hybrids and for its new Care by Volvo subscription service. 
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Are ailing BAIC, Chery poised to land in private hands?

At SAIC-GM, April sales gain but Wuling venture dips

EV, plug-in hybrid sales forge ahead

BMW deliveries trail Mercedes, Audi

FAW to invest $260 million in EV startup Byton

Volvo focused on electrification, automation, regardless of IPO, chief says

Porsche wants Chinese buyers to love the 911

Light-vehicle sales rise 11% in April

VW brand deliveries post April advance

Ford skid continues amid new-model void

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