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Home >> Automaker
  Daimler weighs a larger stake in BAIC joint venture, sources say
Bloomberg | 2018/12/7

Daimler has raised the prospect of boosting its stake in a joint venture with Chinese partner BAIC Motor Corp., according to people familiar with the discussions, as the luxury-car maker seeks to gain more control over its operations in the world¡¯s largest car market.
>> Read Full Story
  Tesla seeks bids for China Gigafactory construction
Reuters | 2018/12/7

SHANGHAI -- Tesla Inc. has begun seeking bids to build its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent.
>> Read Full Story

  Byton bullish about 2019 electric SUV production
Pete Bigelow | 2018/12/7

LOS ANGELES -- In many ways, the story of Byton sounds like so many fledgling automotive companies backed by Chinese investors.   But while some competitors struggle to reach production, Byton CEO Carsten Breitfeld says the plans his company outlined after its 2016 founding remain firmly on course. The company plans to begin building an electric SUV next year in Nanjing.
>> Read Full Story

  SAIC, GM launch leasing unit
Automotive News China | 2018/12/4

SAIC General Motors Corp., General Motors¡¯ passenger vehicle joint venture with SAIC Motor Corp., launched a leasing company to support and boost vehicle sales. 
>> Read Full Story

  Toyota shuffles China management team
Automotive News China | 2018/12/4

Toyota Motor Corp. retooled its management team in China as part of broad changes to the Japanese automaker¡¯s global operations designed to inject flexibility and faster decision making, especially at local and regional levels. Tatsuro Ueda, Toyota¡¯s CEO for China and Asia, has been named China president, Toyota¡¯s China office said.
>> Read Full Story

  Nio's U.S. head to step down
Reuters | 2018/12/4

The U.S. head of Nio Inc., the electric carmaker seen as one of the main Chinese rivals to Tesla Inc., will leave the company, Nio said in a filing, the first major management departure since its September initial public stock offering.  
>> Read Full Story

  PSA acquires interest in 2nd regional spare parts distributor
Automotive News China | 2018/12/4

PSA Peugeot Citroen has acquired shares in UAP Auto Union, marking the French auto giant¡¯s second investment this year in a regional independent spare parts distributor in China.   The deal will enable PSA to further expand its multibrand Euro Repair Car Service garages in China, PSA said.
>> Read Full Story

  COMMENT
Market downturn exposes excess capacity facing automakers
Yang Jian | 2018/11/30

When new-vehicle sales in China were rising the past two years, a slew of domestic carmakers and several of their global peers were already operating well below production capacity. The market downturn is now exacerbating the factory glut, forcing some automakers to seek suitors, sell plants and perhaps begin another wave of consolidation in China¡¯s auto industry.   Pictured: Yang Jian is managing editor of Automotive News China.
>> Read Full Commentary

  Ford accelerates push to build Lincolns in China
Bloomberg | 2018/11/30

Ford Motor Co., banking on China to revive its long-lagging Lincoln brand, is trying to accelerate plans to begin building its luxury models in the country and avoid profit-sapping tariffs brought about by President Donald Trump¡¯s trade war.
>> Read Full Story

  Lincoln backs off 2020 sales target as China tariffs sting
Michael Martinez | 2018/11/30

LOS ANGELES -- Lincoln Motor Co. no longer expects to hit its goal of 300,000 annual sales globally by the end of the decade, thanks largely to President Donald Trump's trade war with China.   Lincoln President Joy Falotico said the luxury brand is backing off the target, established under former CEO Mark Fields in 2014, due to higher duties on U.S.-built vehicles going into China. 
>> Read Full Story

  VW's Seat brand to develop electric car platform in China with JAC
Reuters | 2018/11/30

FRANKFURT -- Volkswagen's Spanish Seat brand will develop an electric vehicle platform with China's Anhui Jianghuai Automobile Group Corp. as part of a broader Asian expansion.
>> Read Full Story

  Toyota: China sales growth to top 8.5% in 2018
Automotive News China | 2018/11/27

Toyota Motor Corp. predicts the company¡¯s China sales will grow by more than 8.5 percent in 2018 despite the second-half downturn in the overall market. The growth in Toyota¡¯s sales is being driven by new models developed on the Japanese auto giant¡¯s new global vehicle architecture, known as TNGA for short.
>> Read Full Story

  GAC: Electrified vehicles to make up 10% of 2020 sales
Automotive News China | 2018/11/27

GAC Motor Co. expects electrified vehicles to generate up to 10 percent of its annual sales in 2020.   The automaker plans to launch two electric vehicles annually over the next two years, GAC executives said at the Guangzhou auto show this month. 
>> Read Full Story

  MG to sell first electric car in Europe
Automotive News China | 2018/11/27

British car brand MG, owned by state-owned Chinese automaker SAIC Motor Co., introduced its first electric vehicle and plans to sell it in Europe as well as China.   The vehicle, a battery-powered version of the MG ZS subcompact crossover, made its debut at the Guangzhou auto show this month. 
>> Read Full Story

  BYD suspends plan for Canada plant
Reuters | 2018/11/27

TORONTO -- BYD Co. has put plans to open its first Canadian electric truck plant on hold but could revive the project when the electric vehicle maker sees a business case, a company executive said.
>> Read Full Story

  Volvo Cars delays plan to build Lynk & CO vehicles in Belgium
Reuters | 2018/11/27

Volvo Cars is delaying a plan to start building Lynk & CO vehicles at its plant in Belgium at the end of 2019 due to increased economic uncertainty in Europe and other global markets.
>> Read Full Story

  Thirsty? Here comes the vending machine
Marcus Amick | 2018/11/27

A Chinese company is working on rolling out a pilot project of self-driving vending machines in the U.S. in early 2019.
>> Read Full Story

  VW Group sales dip 3rd straight month on weak VW, Skoda volume
Automotive News China | 2018/11/23

Volkswagen Group¡¯s China deliveries declined in October for the third month in a row, falling 8.3 percent year on year to 365,100.   The German auto giant¡¯s sales continued to be dragged down by the Volkswagen and Skoda brands. 
>> Read Full Story

  Tesla cuts prices to ease hit from tariffs
Reuters | 2018/11/23

Tesla Inc. is cutting the price of the Model X and Model S in China in a shift in strategy that will see it take more of a hit from tariffs linked to a biting trade war between China and the United States.   
>> Read Full Story

  Kia venture starts exports to boost sales, factory output
Automotive News China | 2018/11/23

Dongfeng Yueda Kia, a Chinese joint venture between Dongfeng Motor Group and Kia Motors, launched exports to emerging markets as part of efforts to boost sales and factory capacity.   The first batch of vehicles, 400 Kia-badged Pegas compact cars, were loaded onto an ocean liner bound for Egypt on Tuesday at a port in the east China city of Yancheng. 
>> Read Full Story

  BMW to offer ride-hailing services
Reuters | 2018/11/23

BMW plans to launch ride-hailing services in December in China, making the German company the first global automaker to obtain such a license in the fast-growing market.  
>> Read Full Story

  VW CEO Diess will take responsibility for China business
Reuters | 2018/11/20

Volkswagen Group CEO Herbert Diess will take on responsibility for the automaker's business in China in addition to his other duties.   The direct assignment of responsibility to Diess takes account of China¡¯s growing importance and the rapid pace of technological development in the country, VW said in a statement.
>> Read Full Story

  Zotye's U.S. goal: No-hassle retailing
Melissa Burden | 2018/11/20

Zotye USA's plan to start selling a Chinese-made crossover in the U.S. two years from now addresses common gripes from consumers and dealers.   For consumers, Zotye USA executives say they will offer no-haggle pricing, online sales and affordable vehicles.   For dealers who elect to sign up to sell the Zotye crossover, there are no demands for expensive dealerships, something established automakers typically require. 
>> Read Full Story

  BMW's sales advance but trail luxury rivals through first 10 months
Automotive News China | 2018/11/20

BMW Group delivered 56,439 BMW and Mini vehicles in China in October, a jump of 12 percent from a year earlier.    The carmaker attributed the increase to the locally produced BMW X3 compact crossover that arrived in China in July. Through the first 10 months of the year, BMW's China sales trail those of luxury rivals Mercedes-Benz and Audi.
>> Read Full Story

  Will electric trucks help China achieve its EV ambitions?
Reuters | 2018/11/20

Having just broken ground for a factory in the southern Chinese province of Hunan, the head of electric vehicle startup Singulato Motors has grand plans: Build up to 50,000 electric vans per year and ride the crest of a wave for e-truck demand in China.
>> Read Full Story

  Tesla starts taking Model 3 orders in China
Reuters | 2018/11/20

Tesla Inc. has started taking orders for its Model 3 sedan in China for a deposit of 8,000 yuan ($1,153), according to the electric carmaker's China website.   CEO Elon Musk said, "Probably some deliveries in March, but April is more certain," after a Twitter user asked when the deliveries in China would begin.
>> Read Full Story

  Polestar targets China as fight with Tesla looms
Bloomberg | 2018/11/20

Volvo Cars¡¯ Polestar Performance electrified-vehicle brand sees China as its greatest opportunity even as it¡¯s set to face stiff competition from Tesla Inc.   Polestar expects to get as many as half of its sales from China after it rolls out three models by 2021, said Thomas Ingenlath, the brand¡¯s global chief, at the Guangzhou auto show. 
>> 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

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


>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Chinese brands seek to crack Western Europe with EVs

Audi, Volvo sales edge higher as economy slows

Carmakers must report 2019 fuel economy, carbon credit estimates

BYD plans battery IPO amid electric-car boom

Daimler weighs a larger stake in BAIC joint venture, sources say

Tesla seeks bids for China Gigafactory construction

Nio on track to deliver 10,000 vehicles in 2018

Byton bullish about 2019 electric SUV production

U.S.-China trade conflict hurts German auto sector

White House adviser expects China's tariffs on U.S. autos to fall to zero

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