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  VW Group's 2018 deliveries edge up despite weak VW brand volume
Automotive News China | 2019/1/15

Volkswagen Group¡¯s deliveries in China inched up 0.5 percent year on year to 4.21 million vehicles in 2018, as gains by Audi, Porsche and Skoda more than offset a loss by VW brand.
>> Read Full Story
  Bumpy ride ahead for automakers after tough 2018
Reuters | 2019/1/15

Carmakers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world's top auto market probably contracted for the first time in two decades, as slowing economic growth drags on demand.
>> Read Full Story

  Ford deliveries slump 37% in 2018 on dismal car demand
Automotive News China | 2019/1/15

Ford Motor Co.¡¯s deliveries in China last year plunged 37 percent from a year earlier to 752,243.   Leading the company¡¯s sales slump was its passenger vehicle joint venture in China, Changan Ford, which builds and markets Ford brand sedans and crossovers. 
>> Read Full Story

  Geely denies report it sold Daimler shares
Reuters | 2019/1/15

Geely Group said it has not sold any shares in Daimler, denying a Bloomberg report that the Chinese company has slashed its 9.7 percent stake in the German carmaker by more than half.   "As a long-term investor, Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged," a Hangzhou spokesman for Geely said.
>> Read Full Story

  BMW's December China sales growth outpaces Audi, Mercedes-Benz
Automotive News China | 2019/1/15

BMW Group, the third-largest luxury vehicle seller in China, posted a 21 percent year-on-year sales increase in December, outpacing the growth of German rivals Audi and Mercedes-Benz in the market.
>> Read Full Story

  LG Chem to spend $1.07B to expand battery plants in China
Reuters | 2019/1/15

SEOUL -- South Korea's LG Chem plans to invest 1.2 trillion won ($1.07 billion) to expand two battery plants in China by 2020 in a bid to meet rising global demand.   Under the investment plan, LG Chem will spend 600 billion won each at an electric vehicle battery plant and a small-sized battery plant in Nanjing, the company said in a statement.
>> Read Full Story

German exports to China from U.S. plunge in 2018
Reuters | 2019/1/15

FRANKFURT -- German automakers appealed for tariff-free trade to preserve jobs in Europe and the United States, as the country's auto industry association reported exports of German light vehicles from the United States to China dropped 37 percent last year.

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  COMMENT
Regulatory chaos, confusion reign over EV market
Yang Jian | 2019/1/11

SHANGHAI -- The severe downturn in China¡¯s traditional vehicle market in the second half of 2018 caught automakers unprepared.   At the start of the new year, companies find themselves confronted with a thick layer of regulatory chaos and confusion surrounding the electrified vehicle market.  The major uncertainty facing automakers is how the Chinese government will wind down subsidies for electrified vehicles.    Pictured: Yang Jian is managing editor of   Automotive News China.
>> Read Full Commentary

  GM China sales fall 9.9% in 2018
Automotive News China | 2019/1/11

General Motors¡¯ deliveries in China fell 9.9 percent to 3.64 million in 2018 because of a weaker domestic economy.   Every brand the Detroit automaker markets with local partner SAIC Motor Corp., aside from Cadillac, recorded a sharp decline in sales last year. 
>> Read Full Story

  China to cut taxes, fees for manufacturers in 2019
Reuters | 2019/1/11

China will cut taxes and fees paid by manufacturers in 2019 to support numerous industrial sectors, including the auto industry, state TV quoted the industry minister as saying on Thursday.   "In future, there will be more measures to reduce taxes for the manufacturing sector," Miao Wei was quoted by state TV as saying.
>> Read Full Story

  Beijing mulls policies to encourage auto purchases in rural China
Automotive News China | 2019/1/11

The Chinese government is weighing policies to encourage rural residents to buy new vehicles, a senior government official told the state-owned China Central Television Station.   The policies are intended to support the shift of auto sales from cities to rural areas in China where vehicle demand remains strong, Ning Jiezhe, vice director of the National Development and Reform Commission, said. 
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  VW, China spearhead $300 billion global drive to electrify cars
Reuters | 2019/1/11

Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years, with nearly half of the money targeted at China, accelerating the industry's transition from fossil fuels and shifting power to Asian battery and electric vehicle technology suppliers.
>> Read Full Story

  VW plans China venture for charging EVs
Bloomberg | 2019/1/11

Volkswagen Group is setting up a network of fast-charging stations in China with local partners as part of a multibillion-dollar push to boost electric-vehicle sales in the world¡¯s largest market, people familiar with the matter said.
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  Audi taps Infiniti's China chief to lead local sales
Automotive News China | 2019/1/11

Audi named Lu Yi, former China head of Infiniti, executive vice president of its Chinese operations, effective Thursday.   Lu will oversee sales and marketing for Audi in China and report directly to Audi¡¯s China president, Thomas Owsianski, the German luxury brand said.
>> Read Full Story

  China wants Elon Musk to help promote stable ties with U.S.
Bloomberg | 2019/1/11

Two days after Tesla CEO Elon Musk appeared at a groundbreaking ceremony for the company¡¯s newest Gigafactory, in Shanghai, China Premier Li Keqiang met with the billionaire-entrepreneur in Beijing and said he hopes the Tesla chief can help thaw frosty trade relations between the U.S. and China. 
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  Foton to sell 67% stake in Borgward to ride-hailing company, consultant
Automotive News China | 2019/1/11

Chinese truckmaker Beiqi Foton Motor Co. agreed to sell a 67 percent stake in Borgward, the German SUV brand it revived four years ago, to two domestic companies -- ride-hailing provider Ucar Inc. and consulting firm Changsheng Xingye Enterprise Management Advisory Co. 
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  Byton seeks to raise $500 million
Reuters | 2019/1/11

Chinese-funded electric vehicle manufacturer Byton is seeking to raise at least $500 million to finance growth, valuing the nearly 3-year-old company at more than $4 billion, two people familiar with the matter told Reuters.
>> Read Full Story

  VW, bucking shrinking market, predicts gains in China
Bloomberg | 2019/1/8

Volkswagen Group said it will boost sales in China this year by adding new models that will help avoid the downward pull of a market that is expected to have its first annual decline in at least two decades.   The world¡¯s largest automotive group is "confident" of more growth in 2019, incoming China CEO Stephan Wollenstein said Monday at a briefing in Beijing. 
>> Read Full Story

  GM's China ventures record 2.6% dip in 2018 sales
Automotive News China | 2019/1/8

Combined sales at General Motors' two joint ventures in China, SAIC General Motors Corp. and SAIC-GM-Wuling Automobile Co., dipped 2.6 percent to 4,041,668 in 2018, after falling five straight months to end the year. 
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  China has 'good faith' to fix trade issues as talks with U.S. resume
Reuters | 2019/1/8

BEIJING -- China has the "good faith" to work with the United States to resolve trade frictions, the Foreign Ministry said on Monday, as the world's two largest economies resumed talks in a bid to end their trade dispute.   U.S. officials are meeting their counterparts in Beijing this week for the first face-to-face talks since U.S. President Donald Trump and China's President Xi Jinping agreed in December to a 90-day truce in a trade war that has roiled global markets.
>> Read Full Story

  Audi remains China's largest luxury car brand in 2018
Automotive News China | 2019/1/8

Audi defended its long-held position as the biggest luxury vehicle brand in China with annual sales rising 11 percent to 660,888 in 2018, according to FAW-Volkswagen, Volkswagen Group's joint venture with China FAW Group Corp.
>> Read Full Story

  Geely sees sales growth evaporating as market struggles
Reuters | 2019/1/8

China¡¯s most globally high-profile and successful carmaker, Geely, is forecasting flat sales this year, a sharp slowdown from 2018 as the country's giant auto market struggles with slowing economic growth and more cautious consumers.
>> Read Full Story

  Volvo sales advance 14% in 2018 behind locally built XC60, S90
Automotive News China | 2019/1/8

Volvo's China sales rose 14 percent to 130,593 last year on demand for two locally produced models, the XC60 midsize crossover and the S90 large sedan.   The Swedish brand¡¯s December sales rose 18 percent to 11,868.
>> Read Full Story

  Tesla breaks ground at Shanghai Gigafactory to launch China push
Reuters | 2019/1/8

SHANGHAI -- Tesla Inc. broke ground on Monday for its Shanghai Gigafactory where it plans to begin making the Model 3 electric vehicles by year end, a first step in localizing production in the world¡¯s largest auto market.   At a ceremony at the site of the plant on the outskirts of Shanghai, Tesla CEO Elon Musk joined the city¡¯s mayor and other local government officials to formally begin construction on a factory that Tesla has said will cost around $2 billion (13.7 billion yuan). 
>> Read Full Story

  Faraday Future ends dispute with main investor
Reuters | 2019/1/8

Chinese electric vehicle developer Faraday Future signed a new restructuring agreement with a unit of its main investor, Evergrande Health Industry Group, ending a bitter legal fight and clearing the path for raising funds.
>> Read Full Story

  Inside the race for next-generation EV battery supremacy
Bloomberg | 2019/1/8

Scientists in Japan, China and the U.S. are among those struggling to crack the code of how to significantly boost the amount of energy a battery cell can store and bring an EV's driving range into line with a full tank of gasoline.   That quest has zeroed in on solid-state technology, an overhaul of a battery's internal architecture to use solid materials instead of flammable liquids to enable charging and discharging.
>> Read Full Story

  Nissan to trim China vehicle output as market cools
Reuters | 2019/1/8

Nissan Motor Co. will produce 30,000 fewer vehicles in the coming months in China than what it had planned, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world's biggest car market.
>> Read Full Story

  Tesla to start Model 3 sales in March
Reuters | 2019/1/8

Tesla Inc. plans to start delivering Model 3 cars to customers in China in March, cementing a time frame that the U.S. electric vehicle maker's CEO, Elon Musk, tweeted about late last year.   The California automaker, which seeks to accelerate Chinese sales that have been hit hard by the impact of trade tension between Washington and Beijing, said in a statement the starting price for a Model 3 in China would be 499,000 yuan ($72,000).
>> Read Full Story

  COMMENT
EV startups, glut prod Beijing to dial back on new plants
Yang Jian | 2018/12/21

SHANGHAI -- Behind generous subsidies, Beijing has succeeded in making China the world¡¯s largest market for battery-electric vehicles.   Yet with output rising rapidly and startups sprouting across the country, the government fears capacity is coming online too fast.   So the National Development and Reform Commission, China¡¯s central economic planning agency, this week released a drastically revised version of its policy on investment in the auto industry.    Pictured: Yang Jian is managing editor of   Automotive News China.
>> Read Full Commentary

EDITOR'S NOTE
Automotive News China | 2018/12/21

The   Automotive News China    Newsletter is taking a break and will resume Jan. 7.

>> Read Full Story

China greenlights tougher auto investment rules
Reuters | 2018/12/21

China's state planner approved tougher new regulations on investment in the auto industry, a draft of which spooked automakers earlier this year, as it tightens the screws on companies adding manufacturing capacity.   The National Development and Reform Commission also said it would ban the establishment of new independent enterprises that make only traditional combustion engines, amid the country's wider push toward new-energy vehicles.

>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Regulatory chaos, confusion reign over EV market

GM China sales fall 9.9% in 2018

China to cut taxes, fees for manufacturers in 2019

Beijing mulls policies to encourage auto purchases in rural China

VW, China spearhead $300 billion global drive to electrify cars

VW plans China venture for charging EVs

Audi taps Infiniti's China chief to lead local sales

China wants Elon Musk to help promote stable ties with U.S.

Foton to sell 67% stake in Borgward to ride-hailing company, consultant

Byton seeks to raise $500 million

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