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Home >> More Stories
  Lotus cars may be built in China, Geely owner says
Bloomberg | 2017/6/27

Li Shufu said his Zhejiang Geely Holding Group will consider producing Lotus sports cars in China after purchasing stakes in Malaysian carmaker Proton Holdings and Lotus, Proton's U.K. unit.  Geely signed a final deal to acquire 49.9 percent of Proton and 51 percent of Lotus Cars from Malaysia's DRB-Hicom and expects to complete the transaction in three months, the Chinese automaker said.
>> Read Full Story
  Chinese automaker to buy Indiana plant to produce EVs
Automotive News China | 2017/6/27

Chinese automaker Sokon Industry Group Co. will pay $110 million (752 million yuan) to buy the assembly plant of U.S. military vehicle maker AM General to produce electric vehicles in Indiana.  Under the agreement signed last week, Sokon¡¯s Silicon Valley-based subsidiary -- SF Motors -- will build EVs after retooling the factory.
>> Read Full Story

  Renault-Nissan to help Mitsubishi expand in China
Hans Greimel | 2017/6/27

TOKYO -- Mitsubishi Motors Corp. plans to spur additional sales in China and the United States by using the Renault-Nissan "toolbox" of products, technologies and factories, top executives said.  Mitsubishi has been unable to gain sufficient traction in the world's two biggest auto markets because it has been short on resources, said Mitsubishi Chairman Carlos Ghosn.
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  Ford's China move casts new cloud on Mexican carmaking
Reuters | 2017/6/27

MEXICO CITY -- A second U-turn this year by Ford Motor Co. in Mexico has raised the specter of Chinese competition for local carmaking, adding to pressure on the industry after repeated threats by U.S. President Donald Trump to saddle it with punitive tariffs. 
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  GAC partners with tech firm Huawei to develop connected cars
Automotive News China | 2017/6/27

Guangzhou Automobile Group Co. agreed to partner with mobile phone maker Huawei Technologies Co. to develop connected cars and self-driving vehicles.  The two companies also will design electric vehicles and develop technologies for cloud computing, according to a deal signed between the two partners last week.
>> Read Full Story

Delphi to supply active safety systems to Great Wall
Automotive News China | 2017/6/27

SHANGHAI -- U.S. supplier Delphi Automotive has contracted to supply active safety systems to Great Wall Motor Co. for its next-generation SUV models.  Under an agreement signed last week, Delphi will deliver cameras, midrange radars and short-range radar starting in 2019.  

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  How Beijing's EV mantra helped create a mega battery maker
Yang Jian | 2017/6/23

SHANGHAI -- In a market as huge as China, a small supplier can quickly evolve into a world-leading company if it arrives at the right time with the right product, and more importantly, if it enjoys favorable government policies.  
That is exactly what has happened to Contemporary Amperex Technology, a company in Ningde, a small city in east China¡¯s Fujian province.  Pictured: Yang Jian is managing editor of Automotive News China
>> Read Full Story

  Tesla moves a step closer to building EVs in China
Reuters | 2017/6/23

Tesla Motors Inc., taking a step closer toward building an electric vehicle assembly plant in China, said it is in exploratory talks with the Shanghai municipal government about the project. Tesla wants to build EVs in China to avoid a 25-percent tariff on imported vehicles. The company didn't provide a timeline for setting up a China factory, but said it expects to "more clearly define" its plans by the end of the year.


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  PSA's sales continue to tumble
Automotive News China | 2017/6/23

PSA Peugeot Citroen's sales in China and Southeast Asia continued to slump in May, dropping 50 percent year on year to below 24,800.  The French automaker did not release country-by-country sales figures but China accounts for nearly all of PSA's Asian volume. 
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  Ford, in bet on low oil prices, shifts more Focus output to China
Reuters | 2017/6/23

Ford Motor Co. is moving some production of the Focus small car to China and will import the vehicle to the U.S. in a long-term bet on low oil prices and stable U.S.-China trade relations despite recent tensions.  The move suggests China could play a much larger role in future vehicle production for North America, perhaps eclipsing Mexico as a low-cost manufacturing source.
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  Volvo Cars relaunches Polestar as independent performance EV brand
Reuters | 2017/6/23

Volvo Cars, owned by China's  Geely Automobile Holdings, will make its Polestar Performance business a stand-alone brand within the group, focusing on electric vehicles.  Polestar, bought by Volvo in 2015, will produce vehicles under the Polestar brand while continuing to deliver high-performance upgrades to the Volvo range. Major markets are likely to include China and the United States.
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  Hyundai taps VW's former China design director
Automotive News China | 2017/6/23

Hyundai Motor Co. hired Simon Loasby, Volkswagen Group¡¯s former China design director, as China design chief this month.  The move is intended to strengthen car design capabilities in China, the Korean automaker said.  Loasby, 49, has 25 years of experience as a car designer, including a decade in China. 
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  Qoros Auto gains new majority owner with injection from Chinese investor
Automotive News China | 2017/6/23

A China-based investor has agreed to inject 6.5 billion yuan ($970 million) in Qoros Automotive Co., an unprofitable Shanghai-based small carmaker.  In return, the Chinese investor will be granted a controlling stake in Qoros, said Kenon Holdings, Qoros¡¯ Singaporean shareholder, without identifying the investor.
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  Former VW design chief de Silva joins Edag to style EVs for China
Automotive News Europe | 2017/6/23

Volkswagen Group's former design chief, Walter de Silva, is styling electric vehicles for a Chinese company in his new role as design boss for German automotive engineering company Edag Group.  De Silva joined Edag last month and is responsible for the development, styling and market strategy relating to new models, the company said.
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  VW Group's China sales edge up in May
Automotive News China | 2017/6/20

Volkswagen Group¡¯s China deliveries edged up 2.5 percent year on year to 319,500 vehicles in May, as VW brand sales compensated for Audi¡¯s ongoing recovery from a dispute with dealers.  Last month, VW brand sales rose 4 percent to 241,600 vehicles, while Audi deliveries declined 4 percent to 48,012. Also in May, Skoda sales fell 6.1 percent to 24,200 vehicles. 
>> Read Full Story

  GAC eyes Canadian market launch in 2020, report says
Automotive News | 2017/6/20

Guangzhou Automobile Group Co. wants to begin vehicle sales in Canada in 2020, according to a report in The Toronto Globe and Mail.  The state-owned automaker plans to launch in the United States in 2019 and follow suit in Canada the next year.
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  Hyundai, Kia slump drags on amid China, S. Korea diplomatic clash
Automotive News China | 2017/6/20

Hyundai Motor Co. and Kia Motors Corp. saw combined China sales plummet 65 percent to 52,385 vehicles in May as the two Korean brands remained in a slump amid a diplomatic spat between China and Korea, the Yonhap news agency reported.  Hyundai sales totaled 35,000 light vehicles and Kia delivered 17,385 cars and light trucks in China last month, according to the South Korean news service.
>> Read Full Story

  China upholds electrified vehicle quotas despite industry protests
Reuters | 2017/6/20

BEIJING -- China upheld strict sales quotas for electrified vehicles in its latest draft regulation, ignoring concessions agreed to this month by Chinese Premier Li Keqiang and German Chancellor Angela Merkel.  The draft, posted on the website of the Legislative Affairs Office for China's cabinet, maintains that automakers must sell enough EVs or plug-in hybrid vehicles to generate "credits" equivalent to 8 percent of annual sales by 2018, 10 percent by 2019 and 12 percent by 2020.
>> Read Full Story

  EV sales rebound for 2nd straight month
Automotive News China | 2017/6/20

Combined sales of electric vehicles and plug-in hybrids in China rebounded for the second straight month in May, rising 28 percent from a year earlier to nearly 46,000.  The market generated strong demand for EVs as sales surged 49 percent to 39,000 vehicles, according to the China Association of Automobile Manufacturers. 
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  Dealership inventories remain high amid weak sales
Automotive News China | 2017/6/20

The stockpile of new cars and light trucks on dealership lots in China declined to an average 47-day supply last month from 59 days in April.  The inventory level was still well above the normal range of 24-36 days as new-vehicle sales remained weak. 
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  Johnson Controls to build 1.3 billion-yuan battery plant for stop-start systems
Automotive News China | 2017/6/20

Johnson Controls Inc. will construct a 1.3 billion yuan ($200 million) battery plant in Jiyuan in north China¡¯s Henan province to supply automakers in China.  The factory will produce absorbent glass mat batteries for use in stop-start systems, with output slated to start in 2018. 
>> Read Full Story

  COMMENT
Chinese carmakers declare war on foreign rivals
Yang Jian | 2017/6/16

SHANGHAI -- Until recently, Chinese automakers were widely considered to be cheap, low-quality marques that were too weak to compete with global giants.  But in the past two years, several Chinese brands have snatched market share from foreign rivals.  What is even more impressive is that they have begun to compete on product, rather than price.  Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  VW brand gains ground with May sales increase
Automotive News China | 2017/6/16

Volkswagen-brand sales in China rose 4 percent year on year to 241,600 in May as the German automaker gained share in a listless market.  Industrywide sales of light vehicles declined 2.6 percent last month.  Volkswagen said Tiguan crossover deliveries jumped 61 percent to 29,100 while sales of the Magotan sedan rose 44 percent to 18,800.
>> Read Full Story

  BMW deliveries rise in May behind X1, 1-series sedan
Automotive News China | 2017/6/16

BMW Group said China deliveries of BMW and Mini brands jumped 27 percent year on year in May to 50,996 vehicles, as the German automaker vied with Daimler AG to be China¡¯s luxury sales leader.  BMW attributed the higher sales mainly to adequate inventories of the BMW X1 crossover and the popularity of the just-launched 1-series sedan, which is sold only in China.
>> Read Full Story

  Changan Auto chief predicts shakeout among Chinese automakers
Automotive News China | 2017/6/16

In five years or so, only five to 10 Chinese carmakers will survive the impact of fierce market competition and fast-changing consumer demand, warned Zhu Huarong, president of Chongqing Changan Automobile Co.  Zhu made his remarks at an annual global auto industry forum in the southwest China city of Chongqing.
>> Read Full Story

  PSA to boost stagnant China sales with new DS models
Automotive News Europe | 2017/6/16

In a bid to revive stagnant China sales, PSA Group has signed a deal with Changan Automobile Co. to invest 500 million euros (3.8 billion yuan) in the companies' joint venture and boost production at the underused DS plant in Shenzhen.  PSA and Changan said they will deepen their six-year-old partnership to establish the upscale DS brand in China.
>> Read Full Story

  China to limit new assembly plants to ease capacity glut
Reuters | 2017/6/16

BEIJING  -- China¡¯s top state planner said it would tighten regulations for building assembly plants for traditional gasoline-burning vehicles, as the country cracks down on "zombie" automakers.  The policy, issued by the National Development and Reform Commission on its website, extends to the automotive sector Beijing's fight against overcapacity and "zombie" companies that is underway in the coal and steel sectors.
>> Read Full Story

  Automakers flock to China's CES tech expo
Hans Greimel | 2017/6/16

SHANGHAI -- Increasingly lukewarm about traditional car shows, the world's automakers are lately more enamored with CES, the annual technology expo in Las Vegas where they can share the spotlight with Silicon Valley¡¯s latest gadgets.  That industry strategy is now spreading to China.
>> Read Full Story

  Light-vehicle sales dip 2.6% in May
Automotive News China | 2017/6/13

China¡¯s light-vehicle sales declined for the second straight month in May, dropping 2.6 percent year on year to 1.75 million. The decline came because Beijing hiked the sales tax on small vehicles at the start of the year, according to the China Association of Automobile Manufacturers.
>> Read Full Story

  Daimler's May deliveries eclipse Audi
Automotive News China | 2017/6/13

Daimler AG said deliveries at its Mercedes and Smart brands jumped 32 percent year on year to 50,015 in May as the company renewed its bid to become China¡¯s luxury sales leader. Audi, China¡¯s longtime top-selling luxury brand, reported 48,012 deliveries for the period, down 4.0 percent. BMW AG has not released May sales figures.
>> Read Full Story

  Great Wall's volume slides for 2nd straight month
Automotive News China | 2017/6/13

Deliveries of Great Wall Motor Co. dipped 3.8 percent year on year to 68,942 vehicles last month, dragged down by its top-seller, the Haval H6 compact crossover.  It was the second straight month that China¡¯s largest maker of SUVs and crossovers recorded declining sales.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
How Beijing's EV mantra helped create a mega battery maker

Tesla moves a step closer to building EVs in China

PSA's sales continue to tumble

Ford, in bet on low oil prices, shifts more Focus output to China

Volvo Cars relaunches Polestar as independent performance EV brand

Hyundai taps VW's former China design director

Qoros Auto gains new majority owner with injection from Chinese investor

Former VW design chief de Silva joins Edag to style EVs for China

VW Group's China sales edge up in May

GAC eyes Canadian market launch in 2020, report says

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