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  Brose to invest 300 million euros in China over next 3 years
Automotive News China | 2019/5/21

Brose Group plans to invest more than 300 million euros (2.3 billion yuan) for new products and technical equipment in China over the next three years.   The capital outlays account for 20 percent of the total investment the German supplier will make globally over the next few years.
>> Read Full Story

Daimler's incoming CEO will push alliances to cut costs, notably on EVs
Reuters | 2019/5/13

Daimler will cut development costs of new Mercedes-Benz light vehicles by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, said Ola Kaellenius, the company's future CEO, noting the high price for designing and engineering electric vehicles.

>> Read Full Story

  COMMENT
Vehicles with 48-volt systems poised to thrive despite EV hype
Yang Jian | 2019/5/10

SHANGHAI -- Electric vehicle sales are exploding, hundreds of EV startups have emerged and the Chinese government is goading automakers to ramp up EV output with a carbon credit program.   Yet, the green vehicles that will first populate the world¡¯s largest auto market in the foreseeable future are not EVs, but those with cost-effective technology anchored by 48-volt systems.   Pictured: Yang Jian is managing editor of  Automotive News China. 
>> Read Full Commentary

U.S. hikes tariffs on China-made auto parts, other goods
Bloomberg | 2019/5/10

The United States increased tariffs Friday on $200 billion in goods from China and threatened to impose more in the most dramatic steps yet to extract trade concessions, with U.S. President Donald Trump saying there¡¯s ¡°no need to rush¡± a deal even though the uncertainty is roiling markets and clouding the global economy.

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  In Germany, auto suppliers downbeat as China-U.S. trade standoff escalates
Reuters | 2019/5/10

BERLIN -- German automotive suppliers Continental and Bosch do not expect a speedy recovery of the global auto market, as an escalating trade conflict between the United States and China threatens to compound already weak light-vehicle demand.  
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U.S. legislation aims to thwart China's EV dominance
Reuters | 2019/5/2

WASHINGTON -- A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, as part of a plan to offset China's dominance in the EV market.

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  Battery maker CATL's profit soars behind EV boom
Automotive News China | 2019/4/30

Contemporary Amperex Technology's net profit surged 153 percent to nearly 1.05 billion yuan ($156 million) in the first quarter, bolstered by soaring demand for electric vehicles across China.   The country¡¯s largest battery supplier for EVs said revenue jumped 169 percent to approach 10 billion yuan. 
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  Pininfarina to expand China team despite market downturn
Automotive News China | 2019/4/26

Italian automotive design house Pininfarina will continue to expand its team in China despite the market slowdown, CEO Silvio Pietro Angori said.  "Although it is declining, the market is so large and there are still a lot of new cars being developed. So I don¡¯t expect any decline in our business," Angori told   Automotive News China   .
>> Read Full Story

  Huawei says it launches 'world's first' 5G auto hardware
Reuters | 2019/4/23

Huawei Technologies launched what it said was the world's first 5G communications hardware for the automotive industry, in a sign of its growing ambitions to become a key supplier to the industry for self-driving technology.   Huawei said in a statement that the so-called MH5000 module is based on the Balong 5000 5G chip that it launched in January. "Based on this chip, Huawei has developed the world's first 5G car module with high speed and high quality," it said.
>> Read Full Story

  Aptiv sets AV tech ambitions in China
Automotive News | 2019/4/19

Global supplier Aptiv is securing a foothold for its self-driving technology in what may be the world's most lucrative autonomous vehicle market.   The company said Wednesday it has opened an Autonomous Mobility Center in China and will soon deploy test vehicles on the roads in and around Shanghai.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
How Beijing's campaign to protect the environment is hurting auto sales

BMW sustains robust sales on strength of locally built X3 crossover

EV sales growth slows; plug-in hybrid deliveries pick up

Ford sees profit return in China with local vehicle output

China-Vancouver luxury car trade lures dirty cash

Volvo's Polestar brand intensifies Tesla challenge with 'powerful little beast'

Jaguar Land Rover in uphill battle to revive China operations

Geely opens EV research center in Germany

Light-vehicle sales nosedive 18% in April

Sales at GM's 2 joint ventures plunge

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