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  Rising China poised to call the shots at Honda
Hans Greimel | 2017/8/22

Honda's rapidly expanding footprint in China spotlights how the world¡¯s biggest auto market is pulling focus and resources away from the United States.  The Japanese automaker is setting priorities in everything from production to product development. 
>> Read Full Story
  WM Motor to develop EVs with German sports car design firm Isdera
Automotive News China | 2017/8/22

WM Motor, a Chinese electric vehicle startup, will partner with German sports car design and engineering firm Isdera to develop electric vehicles.  In addition to engineering and product development, the two sides will also cooperate in vehicle manufacturing and raising capital, VW Motor said. 
>> Read Full Story

  Chery fails to sell part of stake in Qoros
Automotive News China | 2017/8/22

Chery Automobile Co. has failed to find a buyer for a portion of the stake it holds in Qoros Automotive Co., a Shanghai-based small carmaker equally owned by Chery and Singapore-based investment company Kenon.  Chery put 25.5 percent of the interest it owns in Qoros up for sale last month through an equity trading exchange in the east China city of Wuhu, where it is based. 
>> Read Full Story

  BYD to supply 17 electric buses to Israeli city Haifa
Automotive News China | 2017/8/22

BYD Co., a leading Chinese electric vehicle maker, secured an order for 17 electric buses from the north Israel port city of Haifa.  The bus fleet will be operated by Egged, a major public transport operator in Israel, BYD said, without disclosing the value of the order. 
>> Read Full Story

  Changan taps NXP Semiconductors to make infotainment systems
Automotive News China | 2017/8/22

Changan Automobile Co. is hiring Dutch semiconductor maker NXP Semiconductors to develop infotainment systems for light vehicles.  The deal is part of a strategic partnership the two companies expect to sign at an auto show in the southwest China city of Chengdu on August 25,  Changan said.
>> Read Full Story

  Chinese suitor seeks to buy Korea's Kumho Tire at lower price, report says
Automotive News China | 2017/8/22

Chinese tiremaker Qingdao Doublestar Co. is seeking to acquire Korea¡¯s Kumho Tire Co. for a lower price after Kumho suffered losses in the first half of the year, according to Korean news agency Yonhap.  It is unclear whether Kumho Tire¡¯s creditors will accept the request from Qingdao Doublestart, Yonhap reported, citing an official with one of the creditors.
>> Read Full Story

  COMMENT
Time for Beijing to postpone EV quotas
Yang Jian | 2017/8/18

SHANGHAI -- Beijing intends to enact a quota system in 2018 to goad automakers to drastically expand electric vehicle production. To date, very few automakers -- foreign or domestic -- are ready to adopt the system.  The China Association of Automobile Manufacturers disclosed last week that the program likely will take effect this month. That creates a scary scenario for the Chinese auto industry. Pictured: Yang Jian is managing editor of Automotive News China
>> Read Full Commentary

  Dongfeng and Geely: Fiat Chrysler is not a target
Reuters | 2017/8/18

Dongfeng Motor Corp. and Geely Automobile Holdings have no plans to bid for Fiat Chrysler Automobiles NV, and while other potential Chinese suitors remain, any tie-up could face significant U.S. regulatory obstacles.  Geely and Dongfeng were among several Chinese carmakers cited when  Automotive News  reported on Monday that representatives of "a well-known Chinese automaker" had made an offer this month for FCA and that other potential Chinese suitors had interest. 
>> Read Full Story

  Geely's first-half profit soars on robust demand for new models
Automotive News China | 2017/8/18

Geely Automobile Holdings' net profit shot up 128 percent year on year to 4.3 billion yuan ($652 million) in the first half of the year on strong volume of its new models.  The profit was higher than the estimate of 3.8 billion yuan the company made last month.
>> Read Full Story

  Dongfeng-PSA slump drags on
Automotive News China | 2017/8/18

Dongfeng Peugeot Citroen Automobile Co. continues to lose market share at a rapid pace with July China sales falling 38 percent year on year to 21,104 vehicles.  Through July, deliveries at the company, a partnership between China¡¯s Dongfeng Motor Corp. and PSA Peugeot Citroen, plunged 47 percent from a year earlier to 168,933 vehicles, according to Dongfeng.
>> Read Full Story

  Future Mobility raises 1.33 billion yuan from Suning, others
Reuters | 2017/8/18

Chinese electric-car venture Future Mobility Corp., co-founded by former BMW and Nissan Motor executives, has raised $200 million (1.33 billion yuan) from investors including China's Suning and Fullshare Holdings in its latest round of financing.  Most of the money will be used for product development, said Daniel Kirchert, Future Mobility's president.
>> Read Full Story

  Exports continue advance on emerging-market demand
Automotive News China | 2017/8/18

China's vehicle exports grew for the 11th consecutive month in July as strong demand from emerging markets continued.  Last month, China's passenger vehicle exports jumped 35 percent to around 48,000 vehicles, while shipments of commercial vehicles rose 4.6 percent to roughly 21,000 vehicles, according to the China Association of Automobile Manufacturers.
>> Read Full Story

  SAIC-VW to build engines for plug-in hybrid crossovers
Automotive News China | 2017/8/18

Volkswagen Group plans to produce 1.4-liter turbocharged gasoline engines for two plug-in hybrid crossover models to be built at its joint venture with SAIC Motor Co.  SAIC-Volkswagen Automotive Co., the joint venture, plans to invest 367 million yuan ($55 million) to renovate its powertrain plant in Shanghai to build the engines, said the Shanghai city government¡¯s environment protection agency.
>> Read Full Story

  Great Wall to attend Frankfurt auto show
Automotive News China | 2017/8/18

Great Wall Motor Co., China's largest manufacturer of SUVs and crossovers, will participate in the Frankfurt auto show in September.  Great Wall will display products under its newly created Wey premium brand at the show, the company confirmed to Automotive News China.
>> Read Full Story

  Fiat Chrysler attracts Chinese suitors, sources say
Larry P. Vellequette | 2017/8/15

DETROIT -- Representatives of a well-known Chinese automaker made at least one offer this month to buy Fiat Chrysler Automobiles at a small premium over its market value, Automotive News has learned. The offer was rejected for not being enough, a source said.
>> Read Full Story

  Vehicle sales rise 4.3% on crossover demand
Automotive News China | 2017/8/15

Light-vehicle deliveries in China rose 4.3 percent year on year to 1.68 million units last month, as the market continued to recover from a tax increase on small vehicles in January.  July marked the second straight month of growth, after a 2.3 percent increase in June, according to the China Association of Automobile Manufacturers.
>> Read Full Story

  VW Group deliveries advance behind gains at VW, Audi
Automotive News China | 2017/8/15

Volkswagen Group¡¯s deliveries in China increased 8.1 percent to 309,100 vehicles in July from a year earlier behind robust volume generated by the Volkswagen and Audi brands.  The VW brand delivered 228,900 vehicles last month, a gain of 8.7 percent year on year.  Audi sales advanced 10 percent to 51,235 vehicles.
>> Read Full Story

  BMW trails Audi, Mercedes in July volume despite 8% sales gain
Automotive News China | 2017/8/15

Sales of the BMW and Mini brands, while advancing 8 percent year on year, lagged behind two other major German luxury brands in China last month.  In July, the two brands combined to deliver 43,311 vehicles.  BWM¡¯s sales growth was achieved behind demand for the BMW 1 series -- the X1 small crossover and 1-series small sedan -- as well as the upgraded 5-series midsize sedan. 
>> Read Full Story

  EV, plug-in hybrid demand remains strong
Automotive News China | 2017/8/15

Combined sales of electric and plug-in hybrid vehicles in China rose 55 percent year on year to about 57,000 vehicles in July, according to the China Association of Automobile Manufacturers.  During the month, EV sales soared 70 percent from a year earlier to around 45,000 vehicles while deliveries of plug-in hybrids rebounded for the second month in a row, increasing 16 percent to approximately 12,000 vehicles.
>> Read Full Story

  Jaguar Land Rover deliveries surge in robust luxury market
Automotive News China | 2017/8/15

Jaguar Land Rover's deliveries in China continued to surge in July, jumping 34 percent year on year to 11,636 vehicles as demand for luxury vehicles remained strong.  Sales of the three locally produced models -- the Range Rover Evoque, Land Rover Discovery Sport and long-wheelbase Jaguar XFL -- totaled 6,673 vehicles, representing 57 percent of the luxury automaker¡¯s total sales.
>> Read Full Story

  Dealership backlogs ease as vehicle sales recover
Automotive News China | 2017/8/15

Dealership inventories in China fell to an average 46-day supply in July, down from 57 days in the previous month as vehicle sales continued to recover.  Last month, stockpiles of Chinese brands dropped to a 58-day supply, down from 71 days in June, according to the China Automobile Dealers Association.
>> Read Full Story

  COMMENT
How FAW's new chairman can rescue the company
Yang Jian | 2017/8/11

Beijing has dispatched Xu Liuping, former head of China Changan Automobile Group Co., to lead China FAW Group Corp.  After arriving at FAW last week, Xu vowed to revive the company's car business in three to five years.  Xu earned renown for transforming Changan from a manufacturer of cheap minibuses into China's largest producer of passenger cars.  But fixing the moribund car business at FAW, China's oldest state-owned automaker, will require a herculean effort. The company suffers a variety of ills and three problems must be addressed promptly. 
 Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  Mercedes China sales soar; Audi rebounds
Automotive News China | 2017/8/11

 Mercedes-Benz sales in China jumped 32 percent year on year to 48,588 vehicles in July as the German luxury brand enjoyed strong demand for its long-wheelbase E-class sedan.  Meanwhile, Audi's deliveries rose 10 percent last month from a year earlier to 51,235 vehicles as Volkswagen's luxury brand rebounded from a dispute with dealers that had damaged sales for months.
>> Read Full Story

  Geely deliveries surge on demand for new models
Automotive News China | 2017/8/11

Geely Automobile Holdings' deliveries rose 88 percent to 91,104 vehicles in July on strong demand for four models launched in 2016.  Those models are the Geely Boyue SUV, with 21,872 sales last month; the Emgrand GS crossover, with 12,863; the Vision SUV, with 9,122; and the Emgrand GL sedan, with 8,396.
>> Read Full Story

  Hyundai launches Elantra EV
Automotive News China | 2017/8/11

Hyundai Motor Co. launched its first electric vehicle for China -- an electric version of the Elantra compact sedan -- to improve its fleetwide fuel economy.  The electric Elantra is produced by Beijing Hyundai Motor Co., the Korean automaker's joint venture with state-owned Chinese automaker BAIC Motor Group Co.
>> Read Full Story

  Nissan to sell battery business to Chinese investors
Reuters | 2017/8/11

Nissan Motor Co. has agreed to sell its battery business to Chinese investment firm GSR Capital for an undisclosed amount.  The business to be sold includes factories in Smyrna, Tenn., and Sunderland, England, and part of Nissan's battery engineering operation in Oppama, Atsugi and Zama, Japan, Nissan said in a statement. 
>> Read Full Story

  Chinese ride-hailing giant Didi backs Uber rival Careem
Reuters | 2017/8/11

Didi Chuxing, China's largest ride-hailing company, has invested in Middle East online taxi service Careem in a partnership deal that marks Didi's latest international expansion against rival Uber.  Didi seeks to turn up the heat on Uber via a string of partnerships with regional players in Southeast Asia, Europe and Africa and now the Middle East. It has made similar deals in Latin America as well as with Uber's U.S. rival Lyft.
>> Read Full Story

  Faraday leases California factory to produce EVs
Automotive News | 2017/8/11

Struggling electric car startup Faraday Future will use an existing California factory for its first production vehicle, due in 2018, after halting plans to build a $1 billion (6.7 billion yuan) plant in Nevada.  Faraday has signed a lease on a 93,000-square-meter (1 million-square-foot) plant -- formerly a Pirelli tire plant -- in Hanford, 338 kilometers (210 miles) northwest of its Los Angeles headquarters.
>> Read Full Story

  Ford's monthly sales drop 7% despite strong truck demand
Automotive News China | 2017/8/8

Ford Motor Co.'s deliveries in China declined 7 percent year on year in July to 84,474 vehicles despite strong demand for commercial trucks.  Passenger vehicle joint venture Changan Ford Automobile Co.¡¯s sales fell 16 percent last month from a year earlier to 58,288 vehicles, eclipsing an 11 percent increase in deliveries by commercial truck partnership Jiangling Motors Corp. to 19,772 vehicles. 
>> Read Full Story

  SAIC, GAC boost deliveries on expanded lineups
Automotive News China | 2017/8/8

Two state-owned automakers, SAIC Motor Corp. and GAC Motor Co., reported strong July sales as their proprietary brands expanded their crossover lineups.  Last month, combined sales of SAIC¡¯s Roewe and MG brands shot up 85 percent year on year to 37,068 vehicles. For the first seven months, the two brands delivered 270,690 vehicles, more than double their sales from a year earlier. 
>> Read Full Story

  Mazda China sales climb 7.1% as competition escalates
Automotive News China | 2017/8/8

Mazda Motor Corp.'s China sales rose 7.1 percent year on year to 23,028 vehicles in July, a relatively sedate pace after double-digit sales growth for the previous four months.  The Japanese automaker blamed its slowing growth rate on intensifying market competition.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Time for Beijing to postpone EV quotas

Dongfeng and Geely: Fiat Chrysler is not a target

Geely's first-half profit soars on robust demand for new models

Dongfeng-PSA slump drags on

Future Mobility raises 1.33 billion yuan from Suning, others

Exports continue advance on emerging-market demand

SAIC-VW to build engines for plug-in hybrid crossovers

Great Wall to attend Frankfurt auto show

Fiat Chrysler attracts Chinese suitors, sources say

Vehicle sales rise 4.3% on crossover demand

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