Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> More Stories
  Renesas, citing lower China demand, to halt chip output for 2 months
Reuters | 2019/3/8

Automotive chipmaker Renesas Electronics Corp. plans to halt production at six plants in Japan for up to two months this year as it braces for a further slowdown in Chinese demand, a person briefed on the matter said.    Production at four plants in China and Malaysia may also be temporarily suspended, depending on demand, the source said.
>> Read Full Story
  Continental opens r&d center in Chongqing
Automotive News China | 2019/3/8

Continental began operations this week at a new r&d center in the southwest China municipality of Chongqing.   The 280 million yuan ($42 million) center is the German supplier¡¯s 18th in China.   It will develop electronic parts including gateways, closure systems and control units for vehicle bodies and powertrains.
>> Read Full Story

  U.S., China near deal that could end most American tariffs
Bloomberg | 2019/3/5

The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said.
>> Read Full Story

  As sales slump, dealers slash prices, dangle cheap loans
Bloomberg | 2019/3/5

China¡¯s worst car-market slump in a generation is forcing manufacturers and dealers to resort to generous discounts and loan offers to lure buyers, as the slowdown hits automakers¡¯ profits.   Incentives and reductions equivalent to more than 10 percent of the sticker price are now common and interest-free loan offers abound as carmakers and dealerships struggle to bring buyers back to showrooms, especially outside China¡¯s cities.
>> Read Full Story

  Volvo to limit vehicle speeds in bid for zero deaths
Reuters | 2019/3/5

Volvo Cars said Monday it will introduce a 180 kilometers per hour (112 mph) speed limiter on all new vehicles as the Chinese-owned automaker seeks to burnish its safety credentials and meet a pledge to eliminate passenger fatalities by 2020.
>> Read Full Story

  Didi forms self-driving vehicle subsidiary in Shanghai
Automotive News China | 2019/3/5

China¡¯s largest ride-hailing service provider Didi Chuxing incorporated a subsidiary in Shanghai to develop technologies for connected and automated vehicles.   The subsidiary, with registered capital of 10 million yuan ($1.5 million), is in Shanghai¡¯s suburban Jiading district, according to the National Enterprise Credit Information Publicity System, a Beijing website that tracks the credit status of China businesses.
>> Read Full Story

  Ex-VW design chief de Silva styles Chinese crossover
Automotive News Europe | 2019/3/5

Volkswagen Group¡¯s former design chief, Walter de Silva, has styled the ECF crossover concept for Chinese electric vehicle brand Arcfox.   De Silva is to unveil the concept Tuesday at the Geneva auto show.
>> Read Full Story

  CATL considers big expansion for German battery plant
Automotive News Europe | 2019/3/5

Contemporary Amperex Technology, one of China's largest suppliers of battery cells, is considering expanding its German plant to make it one of the world¡¯s largest, amid higher expected demand for electric vehicles.   CATL is discussing whether to nearly double the size of its upcoming factory in Erfurt to provide 100 gigawatt-hours of cell supply.
>> Read Full Story

  TGood says EV battery charging unit breaks even
Automotive News China | 2019/3/5

Qingdao TGood Electric Co., China¡¯s largest developer and operator of battery charging sites for electric vehicles, said its battery charging unit is now breaking even.   The volume of electricity supplied through its EV charging centers achieved a compound annual growth rate of 200 percent since 2016, the Shenzhen-listed company said. 
>> Read Full Story

  COMMENT
VW's newest brand arrives at a bad time for Chinese automakers
Yang Jian | 2019/3/1

SHANGHAI -- Volkswagen Group, after contemplating the move for years, is ready to launch an entry-level brand in China. While the timing of the Jetta brand¡¯s debut is perfect for VW, it couldn¡¯t be worse for Chinese carmakers.   Pictured: Yang Jian is managing editor of  Automotive News China
>> Read Full Commentary

  Hyundai may cut China factory capacity, report says
Reuters | 2019/3/1

Hyundai Motor Co., which is reeling from tumbling sales in China, is considering cutting capacity at its factories in its biggest market, CEO Lee Won-hee told analysts and investors this week. Lee made the comments at a meeting with analysts and investors, Reuters reported, citing people who attended the event.
>> Read Full Story

  Ford JV cuts contract jobs as sales fall
Reuters | 2019/3/1

Ford Motor Co.'s joint venture with China Changan Automobile Group won¡¯t renew contracts at some staffing agencies that supply the company with workers, as carmakers struggle to cope with slumping sales in China.    The New York Times   reported that the Ford-Changan joint venture has "quietly begun" dismissing thousands of its 20,000 workers in the world's second-largest economy.
>> Read Full Story

  BYD '18 profit falls behind lower margins on gasoline models
Automotive News China | 2019/3/1

BYD Co., China¡¯s largest electrified vehicle maker, said net profit fell 31 percent in 2018 even though revenue jumped 23 percent.   Net profit fell short of 2.8 billion yuan ($417.7 million) while revenue topped 130 billion yuan, according to preliminary financial results BYD released.
>> Read Full Story

  Honda deploys first EV model to car-sharing fleet
Automotive News China | 2019/3/1

Honda Motor Co. delivered its first locally built electric vehicle to the car-sharing fleet operated by its joint venture with Chinese software developer Neusoft Corp.   Honda said the Everus VE-1 compact crossover, produced at Guangqi Honda, has a range of 340 kilometers (211 miles) on one charge. 
>> Read Full Story

  VW to target China's less affluent consumers with new brand
Christiann Hetzner | 2019/3/1

Volkswagen is launching an entry-level brand for China -- Jetta -- that targets younger, less affluent families who would otherwise have bought their first vehicle from a domestic competitor. VW sells a Jetta compact sedan in the U.S. but it is marketed as the Sagitar and Santana in China.
>> Read Full Story

  Volvo's Polestar 2 takes aim at Tesla Model 3
Urvaksh Karkaria | 2019/3/1

Polestar, Volvo's electrified vehicle upstart, is ready to take on the Tesla Model 3.   The Polestar 2, introduced ahead of its formal debut at the Geneva auto show, will be powered by two electric motors and a 78 kilowatt-hour battery, delivering 275 miles of range. With Polestar, Volvo is elbowing into an increasingly crowded EV market, once dominated by Nissan and Tesla.
>> Read Full Story

  Volkswagen, Microsoft deepen cloud computing ties
Reuters | 2019/3/1

FRANKFURT -- Volkswagen struck a deal with Microsoft to cooperate on cloud computing in China and the United States, as part of a drive to offer connected vehicle services across the globe.    

>> Read Full Story

China, U.S. on verge of 'historic' trade deal, top White House adviser says
Bloomberg | 2019/3/1

The U.S. and China are on the cusp of a "historic" deal that would commit Beijing to cut subsidies for state-owned companies and disclose when its central bank intervenes in currency markets, a top White House adviser said. China has also pledged to "de-emphasize" plans to dominate in emerging technologies, including electric vehicles, outlined in a Made-in-China 2025 plan, said Larry Kudlow, director of the National Economic Council.

>> Read Full Story

  VW forms joint venture with ride-hailing giant Didi
Automotive News China | 2019/2/26

Volkswagen Group established a joint venture with China¡¯s largest ride-hailing operator, Didi Chuxing, to develop technologies for ride-hailing fleets.   The 64 million yuan ($9.6 million) partnership was incorporated in Shanghai¡¯s suburban Jiading district. 
>> Read Full Story

  Great Wall to build vehicles in east China's Taizhou city
Automotive News China | 2019/2/26

Great Wall Motor Co., China¡¯s largest truckmaker, is expanding production capacity in China despite the market downturn.   The company has signed an agreement with the local government to build an 8 billion yuan ($1.2 billion) assembly plant in Taizhou, a city in east China¡¯s Jiangsu province. 
>> Read Full Story

  PSA dispatches Italian chief to steer main China venture
Automotive News China | 2019/2/26

PSA Peugeot Citroen has tapped the CEO of its Italian unit, Massimo Roserba, to be president of Dongfeng Peugeot Citroen Automobile, its main joint venture in China.   The appointment became effective this month, PSA said. 
>> Read Full Story

  Trump, citing progress in talks, delays tariff hikes on Chinese goods
Wire reports | 2019/2/26

WASHINGTON -- President Donald Trump said he¡¯ll extend a deadline to raise tariffs on Chinese goods beyond this week, citing "substantial progress" in the latest round of trade talks that wrapped up Sunday in Washington.   If the sides make further headway in negotiations, Trump said he and China President Xi Jinping planned to meet at Trump's Mar-a-Lago resort in Florida to conclude an agreement.
>> Read Full Story

  Japanese auto veterans to lead Qoros
Automotive News China | 2019/2/26

Qoros Automotive Co. has recruited three veterans of Japan¡¯s auto industry for senior executive posts, including CEO, in a bid to enhance its management ranks and product development capability.   Yajima Kazuo, former global director of alternative energy vehicles at the Renault-Nissan alliance, has been appointed CEO, Qoros said. 
>> Read Full Story

  Grupo Antolin, China's HiRain team up to develop lighting systems
Plastics News | 2019/2/26

Spanish automotive interiors supplier Grupo Antolin formed a partnership with China¡¯s HiRain Technologies to develop interior and exterior lighting systems.   HiRain, headquartered in Beijing, is a major Chinese automotive electronics company that has helped Grupo Antolin expand its lighting business in China, the two companies said.
>> Read Full Story

  Here expands mapping services to China with NavInfo partnership
Reuters | 2019/2/26

FRANKFURT -- Here Technologies, the digital mapping company owned by Germany's luxury carmakers, is partnering with China's NavInfo to offer location services in China.   Here said it will offer routing and navigation services, as well as map display and positioning services in the world's largest vehicle market.
>> Read Full Story

  COMMENT
China's sales slump: Not as scary as it seems
Yang Jian | 2019/2/22

SHANGHAI -- The latest sales figures from the China Association of Automobile Manufacturers are grim: New light-vehicle demand fell 18 percent year over year to 2.02 million in January. It was the seventh consecutive decline and the steepest monthly dip since July 2018.   But there are solid reasons to believe the world¡¯s largest vehicle market is not doing as badly as the raw numbers indicate.   Pictured: Yang Jian is managing editor of  Automotive News China
>> Read Full Commentary

  Great Wall, BYD sales rise despite market downturn
Automotive News China | 2019/2/22

Two major private Chinese automakers, Great Wall Motor Co. and BYD Co., reported modest January sales increases despite continued contraction of the domestic auto market.   Last month, sales at Great Wall, China¡¯s largest light-truck maker, edged up 1.5 percent from a year earlier to 111,715 on demand for its pickups.  
>> Read Full Story

  PSA-Dongfeng venture lowers 2019 sales target, report says
Automotive News China | 2019/2/22

Dongfeng Peugeot Citroen, PSA Peugeot Citroen¡¯s main joint venture in China, lowered its sales target for this year after its January deliveries plunged 63 percent from a year earlier.   The new target of 235,000 vehicles, down from 260,000, was set during a meeting of the company¡¯s Chinese and French managers,   China Business News,  a Shanghai newspaper, reported this week. 
>> Read Full Story

  Dealership stockpiles ease in January
Automotive News China | 2019/2/22

The average new-vehicle inventory at dealerships in China dropped to a 42-day supply last month from 52 days in December, according to the China Automobile Dealers Association.   That came after automakers refrained from shipping more cars and light trucks to dealerships given the market¡¯s extended downturn, the trade group said.  
>> Read Full Story

  Zotye adds marketing vet Jan Thompson to U.S. team
Automotive News | 2019/2/22

Jan Thompson, 69, has been named senior vice president of marketing for Zotye USA and its parent company, HAAH Automotive Holdings, which is headquartered in Lake Forest, Calif.   Thompson, named one of   Automotive News' 100 Leading Women in the North American Auto Industry in 2005 and 2010, has led marketing activities at Mazda, Toyota and Nissan in North America. 
>> Read Full Story

  EVs shine as market's lone bright spot
Bloomberg | 2019/2/22

Electric cars are holding their own in China, even as the industry has experienced a slump in overall sales for seven straight months.   Deliveries of new-energy passenger vehicles, which include full-electric, plug-in hybrid and fuel cell vehicles, more than doubled to 85,000 in January, fueled by a rush before the government scales back subsidies for the zero- and low-emission automobiles by 2020.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Chinese automakers renew drive to go global

Sales decline accelerates at GM's 2 joint ventures

Audi mulls hiking stake in FAW, SAIC joint ventures

BMW, Audi gain; Mercedes Feb. sales dip

China's new investment law looms over foreign automakers

GM to launch 9 locally produced electrified vehicles in next 5 years

Ford, Changan slump drags into 2019

China customs lifts suspension on Tesla Model 3 imports

Volvo dividend to aid coffers of debt-laden Geely

Light-vehicle sales drop for 8th straight month amid slowing economy

Our Newsletter Editions
Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

Select your newsletter     

 
 

Automotive News China
Room 1303, Building 2, Lane 99, South Hongcao Road,
Shanghai 200233
Telephone: 86-139-1851-5816
Fax: 86-21-6495-0895
 
Home | Help Center | About Us | RSS
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.
»¦ICP±¸06057291ºÅ