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  China, dashing hopes for lower car taxes, tells industry to buckle up
Reuters | 2018/11/16

BEIJING -- China's powerful state planner said on Thursday it had not considered reducing the tax on vehicle purchases, seemingly pouring cold water on industry hopes that Beijing might cut the tax by half to shore up the flagging auto market.
>> Read Full Story
U.S. to hold off on light-vehicle tariffs
Bloomberg | 2018/11/16

The Trump administration will hold off for now on imposing new tariffs on automobile imports as top officials weigh revisions to a report on the national security implications, according to two people familiar with the matter.

>> Read Full Story

  Zotye begins recruiting U.S. dealers, plans to sell budget crossover
David Sedgwick | 2018/11/16

China's Zotye Automobile International Co. has begun recruiting U.S. dealers and has charged two import-industry veterans with the task of bringing a budget crossover to America in 2020.   If successful, the effort could mark the long-awaited debut of a Chinese auto brand in the United States. Most recently, Guangzhou Automotive Group had been aiming at a 2019 entry but said last month that new U.S. tariffs would likely delay its arrival until 2020.
>> Read Full Story

  Ford slump continues with Oct. sales off 45%
Automotive News China | 2018/11/16

Ford Motor Co.¡¯s China sales, exacerbated by a lack of new models, continue to fall, with October volume plummeting 45 percent to 58,204. 
>> Read Full Story

  Mercedes-Benz plans 2nd r&d center to accelerate product rollout
Automotive News China | 2018/11/16

Mercedes-Benz is planning a second r&d center in China to speed localization of new products.   The 1.1 billion yuan ($158.3 million) r&d center will be on the premises of Daimler¡¯s joint venture with BAIC Motor Corp. in Beijing.
>> Read Full Story

  Dealerships burdened with nearly two months' supply in Oct.
Automotive News China | 2018/11/16

The average new-vehicle stockpile at dealerships in China topped 56 days last month, a slight increase from 55 days in September, as new car and light-truck sales kept declining across the industry. 
>> Read Full Story

The world's best-selling car gets makeover under Toyota's China gamble
Bloomberg | 2018/11/16


>> Read Full Story

  Light-vehicle market on verge of rare annual dip after October sales slide
Reuters | 2018/11/13

China's light-vehicle sales fell 12 percent in October, bringing the world's biggest car market closer to an annual contraction not seen since at least 1990.   Data from the country's top auto industry association showed 10-month cumulative sales falling, amid broader slowing economic growth and a biting trade war between China and the United States.
>> Read Full Story

  VW brand deliveries fall for 5th straight month
Automotive News China | 2018/11/13

Volkswagen¡¯s China deliveries dropped 9.8 percent to 274,100 in October, marking the fifth consecutive month the German brand¡¯s sales slid year over year.
>> Read Full Story

  GM's 2 joint ventures post lower sales
Automotive News China | 2018/11/13

Deliveries at General Motors¡¯ two joint ventures in China fell 12 percent to 344,987 last month in tandem with the light-vehicle market¡¯s extended downturn.
>> Read Full Story

  SAIC to launch ride-hailing services
Automotive News China | 2018/11/13

SAIC Motor Corp., a major state-owned automaker, said Monday it is about to launch ride-hailing services in China.   SAIC said it will supply vehicles, repair and maintenance, auto financing and insurance services for car drivers who sign onto the ride-hailing provider -- Xiangdao Chuxing. 
>> Read Full Story

  Volvo rips up production plan amid China-U.S. trade spat
Bloomberg | 2018/11/13

Volvo Cars is shredding production plans drawn up for much of its lineup in an effort to dodge tariffs the U.S. and China have slapped on auto imports.  
>> Read Full Story

  Beijing launches crackdown on low-speed EV production
Automotive News China | 2018/11/13

The Chinese government moved to curb rampant production of low-speed electric vehicles by closing unlicensed manufacturers and halting construction of new plants. 
>> Read Full Story

  COMMENT
Li Shufu's sky-high ambitions for Geely as mobility provider
Yang Jian | 2018/11/9

SHANGHAI -- Li Shufu, chairman of Zhejiang Geely Holding Group, until recently seemed interested only in building a business empire in the automotive world.   But that turned out to be a false impression.  Li¡¯s new mission is to expand Geely¡¯s reach beyond the auto industry to provide mobility services in areas few others would dream of.   Pictured: Yang Jian is managing editor of  Automotive News China.
>> Read Full Commentary

  Light-vehicle market may contract in 2018, China official warns
Bloomberg | 2018/11/9

A Chinese government official has sounded the most direct warning yet about the nation¡¯s slumping car industry.   China¡¯s light-vehicle sales will come in under 30 million units this year and may even fall below 2017¡¯s tally, Wu Wei, a divisional director under China¡¯s top economic planning body, said Wednesday.
>> Read Full Story

  How Hyundai Motor, once a rising star, lost its shine
Reuters | 2018/11/9

Hyundai's sales woes mark a major reversal for Korea¡¯s biggest automaker, which was an early success story in China as it quickly and cheaply rolled out popular new models in a surging market.
>> Read Full Story

  Geely shores up sales on Lynk & CO volume
Automotive News China | 2018/11/9

Geely Automobile Holdings eked out a 3 percent sales gain in October as demand for the newly created premium brand Lynk & CO more than offset weaker deliveries for the mass-market Geely marque. 
>> Read Full Story

  Audi maintains growth behind imports
Automotive News China | 2018/11/9

Strong demand for imported cars and light trucks helped Audi¡¯s China sales rise 5.4 percent to 56,499 in October.   Audi¡¯s import sales surged 34 percent to 5,369, benefiting from a cut in China¡¯s tariffs on imported vehicles earlier this year. 
>> Read Full Story

  BMW eyes more crossover output to avoid tariff
Reuters | 2018/11/9

FRANKFURT -- BMW is considering building more crossovers in China as tariffs between the United States and China are expected to dent the German automaker's 2018 earnings by 300 million euros ($344 million).
>> Read Full Story

  Tencent recruits self-driving car team in Silicon Valley
Reuters | 2018/11/9

SAN FRANCISCO -- Chinese technology company Tencent Holdings is recruiting self-driving car engineers in Palo Alto, Calif., joining a crowded field of companies vying for talent in the heart of Silicon Valley.
>> Read Full Story

  Hong Kong EV startup Thunder Power to build EVs in Belgium
Automotive News China | 2018/11/9

Thunder Power Holdings, a Hong Kong EV startup, plans to construct a plant along with an r&d center in the Wallonia region in southern Belgium to produce electric cars for Europe.   The factory is set to begin production in 2020.
>> Read Full Story

  Big automakers set to sell same car to game Beijing rules
Bloomberg | 2018/11/6

Automakers typically want their cars to stand out. But China¡¯s push for greener vehicles is prompting Toyota, Fiat Chrysler Automobiles, Honda and Mitsubishi to resort to an unusual move: They¡¯re set to sell the same vehicle.
>> Read Full Story

  Tesla, looking to skirt tariffs, sets Model 3 output targets
Reuters | 2018/11/6

Tesla Inc. is developing plans to start producing about 3,000 Model 3 vehicles per week in Shanghai in the initial phase of its Gigafactory 3 to reduce the impact of tariffs.   The company also said in a filing that Model S and Model X sales in China have been, and will likely continue to be, hurt by recently increased tariffs imposed by the Chinese government on U.S.-manufactured vehicles.
>> Read Full Story

  Volvo sales growth slows in October
Automotive News China | 2018/11/6

Volvo Car Corp.¡¯s China sales growth slowed to 3.2 percent last month because of softening car demand across the industry and the Trump administration¡¯s 25 percent tariffs on Chinese-built vehicles, which have affected the company's exports from China to the U.S. 
>> Read Full Story

  Ailing Faraday Future, short on cash, explores strategic options
Reuters | 2018/11/6

Faraday Future is exploring strategic options, including debt and equity financing, just days after the Chinese electric vehicle developer's co-founder Nick Sampson stepped down.   The company said it "can now welcome potential investors from around the world."
>> Read Full Story

  Honda sales recover; Nissan deliveries lose steam
Automotive News China | 2018/11/6

Honda brand sales in China started recovering in October after an engine problem hurt deliveries over the previous seven months.   Sales of Nissan brand vehicles, meanwhile, slid 5.5 percent last month because of weaker overall demand in China.  
>> Read Full Story

  CEO of Great Wall's premium Wey brand resigns
Automotive News China | 2018/11/6

Jens Steingraeber resigned as CEO of Great Wall Motor Co.¡¯s premium Wey brand.   Steingraeber left the company last month to care for an ill family member, Great Wall said.   The company did not name a successor. 
>> Read Full Story

  VW to test automated cars equipped with Baidu software
Automotive News China | 2018/11/6

Volkswagen Group is joining a slew of other global automakers in testing autonomous vehicles fitted with Chinese Internet giant Baidu Inc.¡¯s Apollo software platform.   The first vehicle to undergo testing in China will be the electric Golf compact, VW said.
>> Read Full Story

  COMMENT
Can FAW achieve its bold revival plan for Hongqi?
Yang Jian | 2018/11/2

China FAW Group Corp., seeking to revive its ailing Hongqi brand, will focus the marque on developing, marketing and selling battery electric vehicles, fuel cell EVs and self-driving technology. The plan is ambitious -- but is it achievable?   Pictured: Yang Jian is managing editor of  Automotive News China.
>> Read Full Commentary

  Volvo, Baidu team up for Level 4 autonomous EVs in China
Douglas A. Bolduc | 2018/11/2

Volvo Cars and Chinese Internet giant Baidu agreed to jointly develop electric vehicles capable of Level 4 autonomous driving, with the goal of serving the robotaxi market in China.   The companies announced the deal Thursday at an event in China without releasing any financial details.
>> Read Full Story

  Honda, GAC Group to produce plug-in hybrids, EVs in China
Reuters | 2018/11/2

Honda Motor Co.'s joint venture with GAC Group will invest 3.27 billion yuan ($469 million) to build a plant in China for production of electric vehicles and plug-in hybrids, GAC said.   The move is part of Honda and GAC's push to meet China¡¯s stringent green-car quotas.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Beijing's decision to maintain tax on auto sales is a bad move

China, dashing hopes for lower car taxes, tells industry to buckle up

U.S. to hold off on light-vehicle tariffs

Zotye begins recruiting U.S. dealers, plans to sell budget crossover

Ford slump continues with Oct. sales off 45%

Mercedes-Benz plans 2nd r&d center to accelerate product rollout

Dealerships burdened with nearly two months' supply in Oct.

The world's best-selling car gets makeover under Toyota's China gamble

Light-vehicle market on verge of rare annual dip after October sales slide

VW brand deliveries fall for 5th straight month

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