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 >> Automaker
  EV startups face more funding hurdles
Reuters | 2019/6/21

China's fledgling EV makers are facing more hurdles in the race to raise funds in a crowded market, while convincing investors and lenders about future profitability, despite government cuts to EV subsidies and plans to phase them out.
>> Read Full Story
  SAIC to build MG cars in Egypt
Automotive News China | 2019/6/21

SAIC Motor Corp. is set to assemble vehicles for its MG brand in Egypt with local dealer Mansour Automotive Group as the state-owned Chinese automaker further expands overseas.   SAIC is forming a joint venture sales company with Mansour to allow it to first export MG cars to Egypt from China. It also signed a framework agreement with the Egyptian dealer to establish a separate partnership to produce MG vehicles locally, SAIC said. 
>> Read Full Story

  Tesla to revamp Asia business to focus on China, report says
Bloomberg | 2019/6/21

Tesla Inc. is revamping its Asia operations to put more focus on China as the company prepares to start manufacturing in the world¡¯s largest electric-vehicle market, people familiar with the matter said.   The company is dismantling its Asia Pacific business unit and forming a new division for Greater China that will cover the mainland as well as Hong Kong, Taiwan and Macau, the people said, asking not to be named as the plan hasn¡¯t been announced publicly.
>> Read Full Story

  Proton to assemble Geely cars in Malaysia
Automotive News China | 2019/6/21

Malaysian carmaker Proton Holdings, partly owned by private Chinese automaker Zhejiang Geely Holding Group, plans to start assembling Geely vehicles in Malaysia with kits imported from China in the second half of the year. The first Geely vehicle to be built at Proton¡¯s plant in Tanjung Malim in central Malaysia will be the right-hand-drive version of the Geely Boyue compact crossover.
>> Read Full Story

  VW Group continues to outperform market dip
Automotive News China | 2019/6/18

Volkswagen Group continues to increase its share of the Chinese new-vehicle market in spite of the extended decline in the company¡¯s sales.   VW Group¡¯s deliveries dropped 8.3 percent to 312,500 in May in a market that slumped 17 percent to 1,561,200.
>> Read Full Story

  VW seeks U.S. boost as counter to China
Larry P. Vellequette | 2019/6/18

Volkswagen Group CEO Herbert Diess says recent international trade disputes have exacerbated the need to improve sales and profitability in the giant German automaker's long-struggling U.S. operations.   In prepared remarks to the group's 500 most senior executives, Diess said Volkswagen needed its U.S. operations to strengthen to counterbalance the company's historically large operations in China. 
>> Read Full Story

  Great Wall sales slip after 7 straight monthly gains
Automotive News China | 2019/6/18

Sales at Great Wall Motor Co., China¡¯s largest crossover and pickup maker, turned south in May, ending a streak of seven consecutive monthly gains, as vehicle demand remained weak across the country.   The company¡¯s deliveries fell 12 percent to 62,559 in May. 
>> Read Full Story

  Kia to lease first China plant to local partners
Automotive News China | 2019/6/18

Kia Motors will lease the first plant it established in the east China city of Yancheng with Dongfeng Motor Group and local investment company Jiangsu Yueda Investment Co. to the two local partners, who plan to build electric vehicles for a Chinese startup, Korean news agency Yonhap reported. 
>> Read Full Story

  China, alarmed by recent fires, sets EV safety tests
Bloomberg | 2019/6/18

China is ordering carmakers to conduct checks on electric vehicles after some made by Tesla and Nio caught on fire, spurring anxiety over the safety of battery-powered automobiles. Companies need to check for potential safety hazards with battery boxes, waterproof protection in vehicles, high-voltage wiring harnesses, as well as onboard charging devices, the country¡¯s industry and technology ministry said in a statement posted on its website.

>> Read Full Story

  Land Rover adds China to global markets for next Defender
Nick Gibbs | 2019/6/17

Land Rover plans to sell the new Defender in China, expanding the global markets for the new generation of its iconic off-roader. The addition of the Defender to Jaguar Land Rover¡¯s Chinese lineup will help the automaker boost sales in a key market where it has seen volume plummet.

>> Read Full Story

  GM's 2 joint ventures post sales declines amid soft demand
Automotive News China | 2019/6/14

New-vehicle sales at General Motors¡¯ two joint ventures in China tumbled in May as market demand remained weak.   Deliveries at SAIC-GM, GM¡¯s car partnership with SAIC Motor Corp., dropped 9 percent to 141,251 last month, according to SAIC, a Shanghai-listed company.
>> Read Full Story

  Detroit 3 lose shine in China as trade tensions simmer
Bloomberg | 2019/6/14

As China¡¯s car market cools, American manufacturers are among those getting hurt the most.   The market share of U.S. brands fell to 9.6 percent in the first five months of 2019 from 10.9 percent a year earlier, the state-backed China Association of Automobile Manufacturers said. German and Japanese brands, meanwhile, gained share in the world¡¯s largest car market.
>> Read Full Story

  Geely, LG Chem to form $188 million EV battery joint venture
Automotive News China | 2019/6/14

Geely Automobile Holdings, the largest domestic Chinese carmaker, plans to establish a $188 million (1.3 billion yuan) joint venture with Korean battery supplier LG Chem to produce batteries for its growing lineup of electric vehicles.   The partnership will be equally owned by LG Chem and Geely¡¯s Shanghai subsidiary, Shanghai Maple Guorun Automobile Co. 
>> Read Full Story

  BMW shift in X3 output gives lift to sales
Bloomberg | 2019/6/13

BMW Group reported a 33 percent sales jump in China during May after a shift to local production of the X3 crossover boosted deliveries, defying a yearlong pullback in the world¡¯s largest automotive market.
>> Read Full Story

  U.S. denies Tesla request for tariff relief on Chinese-made Model 3 'brain'
Reuters | 2019/6/13

WASHINGTON -- The Trump administration has denied requests to exempt Tesla Inc.'s Model 3 from 25 percent tariffs on its Chinese-made car computer and center screen. The U.S. Trade Representative's Office denied both requests in May 29 letters, saying they both concern "a product strategically important or related to 'Made in China 2025¡¯ or other Chinese industrial programs."
>> Read Full Story

  Geely sales slump for 2nd straight month
Automotive News China | 2019/6/11

Geely Automobile Holdings, the largest domestic Chinese carmaker, reported sharply lower sales for the second consecutive month in May after posting a mild rebound in March.  Combined deliveries of the Geely mass-market marque and Lynk & CO premium brand fell 27 percent to 90,309 as it continued to reduce high dealer inventories, Geely Auto said.
>> Read Full Story

  Ford to launch first EV in second half
Automotive News China | 2019/6/11

Ford Motor Co. is set to start selling its first electric vehicle in China in the second half of the year.   The EV is the battery-powered version of the Ford Territory compact crossover. It has a range of 360 kilometers (224 miles) on one charge, Ford said.


>> Read Full Story

  Toyota speeds up electrified vehicle schedule as demand heats up
Hans Greimel | 2019/6/11

Toyota aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated shift to electricity-powered vehicles, notably in China and Europe.
>> Read Full Story

  BYD deliveries slide despite robust EV demand
Automotive News China | 2019/6/11

Sales at BYD Co., China¡¯s largest electrified vehicle manufacturer, dropped 10 percent to 33,920 in May, marking the first monthly decline the company has recorded this year.   Weaker deliveries of gasoline-powered vehicles more than offset robust demand for BYD¡¯s full-electric vehicles and plug-in hybrids.
>> Read Full Story

  Trump: China will make trade deal, but tariffs ready
Reuters | 2019/6/10

WASHINGTON -- U.S. President Donald Trump threatened to raise tariffs on China again if President Xi Jinping doesn¡¯t meet with him at the upcoming Group of 20 summit in Japan. Trump, indicating he expected China to reach a deal, said in an interview with CNBC that tariffs on about $300 billion in Chinese goods would be enacted immediately if they don¡¯t reach a pact at the summit this month.

>> Read Full Story

  U.S. rejects GM, Volvo requests for tariff relief on China-made vehicles
Reuters | 2019/6/7

WASHINGTON -- The United States has rejected separate requests from General Motors and Chinese-owned Volvo Cars for exemptions to a 25 percent U.S. tariff on their Chinese-made crossovers.   GM and Volvo said they were aware of the denials of their nearly year-old petitions. The companies have not raised the sticker price to account for tariffs, which came into play last July.
>> Read Full Story

  Ford's car venture fined for controlling retail prices
Automotive News China | 2019/6/7

Changan Ford Automobile Co., Ford Motor Co.¡¯s car joint venture, was ordered to pay a fine of 163 million yuan ($23.6 million) by China¡¯s market regulator for manipulating retail prices for its dealers in the southwest China municipality of Chongqing. 
>> Read Full Story

  Great Wall begins output at $500 million Russia plant
Automotive News China | 2019/6/7

Great Wall Motor Co., China¡¯s largest light-truck manufacturer, launched a $500 million (3.5 billion yuan) assembly plant in Russia after five years of construction.   The factory makes Great Wall the first Chinese automaker to fully manufacture vehicles in Russia, and signals its global strategy has entered "a brand new phase," the company said. 
>> Read Full Story

  Honda Motor extends sales upswing for third straight month; Nissan brand deliveries slide
Automotive News China | 2019/6/7

Honda Motor Co.'s China sales surged for the third consecutive month in May as Nissan brand¡¯s deliveries tumbled again.   During the month, Honda delivered 136,486 Honda and Acura vehicles, a jump of 37 percent year on year, Honda¡¯s China office said.  By contrast, Nissan Motor Co. delivered 121,895 Nissan brand vehicles last month, a 4.8 percent dip from a year earlier. 
>> Read Full Story

  Volvo sales continue to advance behind locally built XC60, S90
Automotive News China | 2019/6/7

Volvo Car Corp. continued to buck the downturn in the Chinese market, with local sales jumping 17 percent year on year to 12,425 in May.   The growth came on robust demand for the locally built XC60 crossover and S90 sedan, the company said, without revealing individual product sales.  
>> Read Full Story

  China slaps Changan Ford JV with fine for antitrust violations
Bloomberg | 2019/6/5

Changan Ford Automobile Co. will be fined 162.8 million yuan ($23.6 million) for restricting retailers¡¯ sale prices in the southwestern city of Chongqing since 2013, the State Administration for Market Regulation said. The fine marks the latest action toward a U.S. company as trade and other tensions between the two nations escalate, while adding to Ford¡¯s sales woes in China.
>> Read Full Story

  Tesla cuts price on China-built Model 3 ahead of launch
Reuters | 2019/6/4

 Tesla Inc. said it would price the China-made Model 3 starting at 328,000 yuan ($47,529), 13 percent below the sticker of Model 3s the electric vehicle maker imports as it pushes sales in the fast growing market.   The company is building a factory in China, with initial output dedicated to the Model 3.  
>> Read Full Story

  Nio plans Beijing plant, will likely seek a partner, CEO says
Reuters | 2019/6/4

BEIJING -- Chinese electric vehicle maker Nio Inc. wants to build a production base in Beijing and will likely seek a manufacturing partner, CEO William Li said.   His comments come after Nio said it would form a joint venture with Beijing E-Town International Investment and Development Co., which will invest 10 billion yuan ($1.45 billion) in the new entity.
>> Read Full Story

  Audi to build electric Q4 in Shanghai, report says
Automotive News China | 2019/6/4

Volkswagen Group¡¯s Audi luxury brand will assemble a full-electric version of the Q4 compact crossover at VW¡¯s joint venture with SAIC Motor Corp., according to a Chinese media report.   The electric Audi Q4 will be built at SAIC-VW¡¯s newly constructed EV plant in Shanghai¡¯s suburban Anting district, Beijing news website Sina.com reported, citing information obtained from SAIC-VW.
>> Read Full Story

  Geely readies first fuel cell vehicle
Automotive News China | 2019/6/4

Zhejiang Geely Holding Group has introduced a fuel cell bus in Beijing, marking the beginning of the largest private Chinese automaker¡¯s venture into the fuel cell vehicle market.   The bus, fully filled with hydrogen, can drive for an entire day in a city, Geely said, without disclosing further details about the vehicle. 
>> Read Full Story

  VW to introduce self-driving cars with JAC in Hefei
Automotive News China | 2019/5/31

Volkswagen Group plans to roll out autonomous vehicles and offer mobility services such as ride-hailing and car-sharing in Hefei with local partner Jianghuai Automobile Co.   The services are part of an agreement the German auto giant signed with JAC and the Hefei city government.
>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Beijing policies dash hope for quick market rebound

Geely picks Swedish software developer to supply self-driving tech

Volvo names new China sales chief

EV startups face more funding hurdles

SAIC to build MG cars in Egypt

Tesla to revamp Asia business to focus on China, report says

EV startup Byton hires veteran engineers from Ford, Renault

Proton to assemble Geely cars in Malaysia

VW Group continues to outperform market dip

VW seeks U.S. boost as counter to China

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