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Home >> More Stories
  Mercedes widens lead over Audi, BMW
Automotive News China | 2018/7/17

Mercedes-Benz padded its lead as the top-selling luxury brand over main rivals Audi and BMW in China last  month.   Mercedes sales kept growing at a double-digit pace in June, advancing 14 percent to 56,945. 
>> Read Full Story
  EV, plug-in hybrid sales continue surge in June
Automotive News China | 2018/7/17

Electrified vehicle sales remain strong across China with combined deliveries of electric vehicles and plug-in hybrids surging 43 percent from a year earlier to roughly 84,000 in June. 
>> Read Full Story

  FAW Group, Dongfeng, Chongqing Changan ready ride-sharing platform
Reuters | 2018/7/17

FAW Group, Dongfeng Automobile and Chongqing Changan Automobile formally set up a venture to establish a ride-sharing platform, Changan said, creating the kind of service pioneered by Uber.
>> Read Full Story

  Dealership stockpiles spike as credit tightens, tariffs fall
Automotive News China | 2018/7/17

Inventories at dealerships across China jumped to a 58-day supply in June from 53 days a year earlier, according to the China Automobile Dealers Association.   The group blamed the Chinese government¡¯s credit control policy and a steep drop in tariffs on import vehicles, delaying sales, for the spike in dealership stockpiles. 
>> Read Full Story

  BYD seeks police probe of alleged employee impersonator
Bloomberg | 2018/7/17

BYD Co. asked the police to investigate a person who allegedly posed as an employee and signed unauthorized marketing contracts in the company's name. 
>> Read Full Story

U.S. lights come on for China's Rebo
Stephanie Hernandez McGavin | 2018/7/17

In the North American vehicle lighting market, one player's desire to cash out was the ticket for another player to join in.   Enter Rebo Lighting and Electronics -- a Chinese company virtually unknown in the United States, but with considerable recognition in its home market. 

>> Read Full Story

  COMMENT
There's no subprime bubble in China auto loans
Bloomberg | 2018/7/17

Slowing car sales and tightening credit look like a toxic combination for China¡¯s auto-financing industry, which has exploded in the past few years.   Concerns the sector is heading for a subprimelike meltdown may be overblown, though.
>> Read Full Commentary

  BYD to offer financial leasing for electric buses in U.S.
Automotive News China | 2018/7/17

Chinese electrified vehicle maker BYD Co. formed a joint venture with San Francisco investment company Generate Capital to launch a $200 million leasing program for electric buses in North America. 
>> Read Full Story

  COMMENT
Trump's trade war delivers unintended boon to China's auto industry
Yang Jian | 2018/7/13

SHANGHAI -- The United States has been by far the largest export market for China for many years. For that reason, the trade war U.S. President Donald Trump is waging against China may well sap the growth of the Chinese economy.   But China¡¯s auto industry has little to lose and much more to gain from Trump¡¯s crusade and the response it has elicited from the Chinese government.   Pictured: Yang Jian is managing editor of  Automotive News China.
>> Read Full Commentary

  Light-vehicle sales rose 2.3% in June behind sedans
Automotive News China | 2018/7/13

Sales of new light vehicles in China increased 2.3 percent to roughly 1,874,200 in June, reflecting robust sedan demand.  Sedan deliveries advanced 9.1 percent from a year earlier to around 963,400 last month, the China Association of Automobile Manufacturers said.
>> Read Full Story

  BMW set to raise stake in Brilliance joint venture above 50%
Bloomberg | 2018/7/13

BMW AG stands to become the first foreign car manufacturer to own a majority stake in a Chinese joint venture, showing Beijing is following through on a pledge to increasingly open up the economy to global corporations.
>> Read Full Story

  Tesla sharing tech with China 'subject to negotiation'
Bloomberg | 2018/7/13

SHANGHAI -- Any sharing of technology by Tesla Inc. with a Chinese partner as part of its expansion in the world's largest electric-car market is a matter that's "subject to negotiation," a Shanghai government official said.
>> Read Full Story

  After Tesla deal, Shanghai to phase out caps on foreign ownership limits
Reuters | 2018/7/13

SHANGHAI -- Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build a wholly owned auto plant in the city.
>> Read Full Story

  VW to build EVs for Seat brand at JV with JAC
Automotive News China | 2018/7/13

The Volkswagen Group plans to assemble electric vehicles under the Seat brand at its EV joint venture with state-owned Chinese automaker Jianghuai Automobile Co. in two to three years. 
>> Read Full Story

  VW, FAW partner on e-mobility, autonomous driving
Reuters | 2018/7/13

FRANKFURT -- Volkswagen AG agreed to cooperate with China's FAW Group and the China Intelligent and Connected Vehicles Research Institute on technologies including e-mobility, connectivity and autonomous driving.
>> Read Full Story

  Geely predicts big growth in first-half profits
Automotive News China | 2018/7/13

Geely Automobile Holdings expects first-half net profit to grow about 50 percent from 4.34 billion yuan ($648 million) a year earlier.   The gains will come from a sharp increase in revenue, sales and improved product mix during the period, the company said in a statement Wednesday.
>> Read Full Story

  BMW to join board of Baidu's autonomous driving platform Apollo
Reuters | 2018/7/13

FRANKFURT -- BMW signed a memorandum of understanding with tech giant Baidu to join its autonomous driving platform Apollo as a board member.   The deal was signed during a visit by Chinese Premier Li Keqiang to Germany.
>> Read Full Story

  Didi signs up Continental for EVs
Reuters | 2018/7/13

BEIJING -- Didi Chuxing signed an agreement with German automotive supplier Continental AG to cooperate on the development of internet-connected, electric cars tailor-made for Didi's ride hailing services.
>> Read Full Story

  Tesla signs deal in China to build 2nd global auto plant
Bloomberg | 2018/7/10

Tesla Inc. has reached a preliminary agreement with the Shanghai government to build a factory that will rival production from its lone U.S. assembly plant, as Elon Musk takes his biggest step yet to expand overseas.
>> Read Full Story

  Stung by extra tariffs, Tesla, BMW hike prices in China
Reuters | 2018/7/10

Tesla Inc. and BMW AG are raising vehicle prices in China, becoming the first carmakers to take major steps and counter punitive tariffs amid rising trade tensions between Beijing and the United States.
>> Read Full Story

  VW brand sales slide in June as consumers await lower tariffs
Automotive News China | 2018/7/10

The Volkswagen brand abruptly lost steam in China last month with sales dipping 1.7 percent from a year earlier to 228,500, after healthy growth in the first five months.   The German brand blamed a cut in tariffs on imported vehicles for the slide in volume. 
>> Read Full Story

  Ford slides deeper into China rut
Reuters | 2018/7/10

BEIJING -- Ford Motor Co.¡¯s China slump is intensifying, with vehicle sales tumbling 38 percent in June and the automaker recording its worst ever first half, as buyers shunned aging models that are awaiting updates and flocked to rivals.
>> Read Full Story

  China eyes more cuts in EV subsidies
Bloomberg | 2018/7/10

China is considering a further reduction in electric-vehicle subsidies next year as the government pushes automakers to innovate rather than rely on fiscal policy to spur demand for alternative-energy cars, people familiar with the plan said.
>> Read Full Story

  Mercedes-Benz maintains double-digit growth
Automotive News China | 2018/7/10

Mercedes Benz¡¯s China sales continued to grow at a double-digit pace, rising 14 percent year on year to 56,945 last month.   Through June, the German luxury brand¡¯s deliveries jumped 16 percent from a year earlier to top 340,000.
>> Read Full Story

  BYD to make EV batteries for Changan
Automotive News China | 2018/7/10

BYD Co., which has built batteries only for its electrified-vehicle lineup, is moving to supply batteries to external customers.   The private company partly owned by U.S. billionaire Warren Buffett signed an agreement last week with Changan Automobile Co. to produce EV batteries for the state-owned carmaker.
>> Read Full Story

  Nissan, Toyota see solid sales gains; Honda slump continues
Automotive News China | 2018/7/10

Nissan Motor Co. and Toyota Motor Corp. each posted 10 percent sales gains in China last month. But Honda Motor Co.¡¯s volume remained weaker. 
>> Read Full Story

  BMW signs $4.7 billion contract with CATL for battery cells
Reuters | 2018/7/10

MUNICH -- BMW plans to source 4 billion euros' ($4.7 billion) worth of battery cells from Chinese battery maker Contemporary Amperex Technology Ltd. over the next few years.
>> Read Full Story

  Brilliance, BMW to boost annual capacity at China JV to 520,000
Reuters | 2018/7/10

FRANKFURT -- BMW AG and joint venture partner Brilliance Automotive Group Holdings agreed to expand production capacity at BMW Brilliance Automotive's two assembly plants in China to 520,000 BMW brand vehicles in 2019, BMW said Monday.
>> Read Full Story

  COMMENT
China's unbridled EV push wreaks havoc on battery makers
Yang Jian | 2018/7/6

Burdened with underused plants, dozens of EV battery suppliers have gone out of business in China since 2015.   And more likely will meet the same fate as China raises technical and performance requirements for batteries in what has become a capital-intensive race to dominate the global market for electrified vehicles.   Pictured: Yang Jian is managing editor of   Automotive News China
>> Read Full Commentary

  U.S., China dig in over trade as tariffs take hold
Bloomberg | 2018/7/6

U.S. President Donald Trump fired the biggest shot yet in the global trade war by imposing tariffs on $34 billion of Chinese imports, including auto parts.  China, in retaliation, hiked tariffs on American light-vehicle imports to 40 percent from 15 percent.
>> Read Full Story

  GM's Q2 sales growth falls below 1% behind Buick slump
Automotive News China | 2018/7/6

General Motors' China sales growth dropped to 0.7 percent in the second quarter from 8 percent in the first quarter because of a slump at Buick.   GM and its two joint ventures delivered 858,344 cars and light trucks in China during the second quarter. 
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Trump's trade war delivers unintended boon to China's auto industry

Light-vehicle sales rose 2.3% in June behind sedans

BMW set to raise stake in Brilliance joint venture above 50%

Tesla sharing tech with China 'subject to negotiation'

After Tesla deal, Shanghai to phase out caps on foreign ownership limits

VW to build EVs for Seat brand at JV with JAC

VW, FAW partner on e-mobility, autonomous driving

Geely predicts big growth in first-half profits

BMW to join board of Baidu's autonomous driving platform Apollo

Didi signs up Continental for EVs

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