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Home >> Automaker
  Nissan targets 2.6% sales growth in 2019
Automotive News China | 2019/2/15

Nissan Motor Co. expects to increase sales in China 2.6 percent to more than 1.6 million this year.   The Japanese brand disclosed the target after posting slightly weaker sales in January.   Nissan¡¯s China deliveries slid 0.8 percent to 133,934 last month compared with January 2018.
>> Read Full Story
  Changan dangles discounts for rural consumers
Reuters | 2019/2/15

Chongqing Changan Automotive said it would offer discounts to buyers in rural areas, the first big Chinese automaker to do so after Beijing promised to roll out supportive policies for the world's largest auto market.   The carmaker said in a statement that it would offer customers up to 22,000 yuan ($3,255.50) in subsidies on the Oshan series of multipurpose vehicles in large rural areas, without specifying where.
>> Read Full Story

  Self-driving truck startup TuSimple raises nearly $100 million
Pete Bigelow | 2019/2/15

TuSimple, a self-driving truck startup based in Beijing, raised new funds that will help the company quickly expand its U.S. fleet and accelerate joint-development projects with major automakers and suppliers.
>> Read Full Story

  GM to launch 20-plus new and updated models this year
Automotive News China | 2019/2/12

General Motors will roll out more than 20 new and face-lifted vehicles in China this year to shore up sales growth.   Half of the vehicles will be new nameplates, the Detroit automaker said, without releasing more specifics about the models.
>> Read Full Story

  Geely shores up sales with new products
Automotive News China | 2019/2/12

Geely Automobile Holdings eked out a 2 percent sales increase in January behind demand for two Geely models and three vehicles launched under the new premium marque Lynk & CO.   Geely delivered 158,393 vehicles under the Geely and Lynk & CO brands last month, the Hong Kong-listed company said. 
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  Mercedes-Benz outsells Audi on sedan demand
Automotive News China | 2019/2/12

Mercedes-Benz beat Audi in China sales last month behind demand generated by the elongated C- and E-class sedans.   Mercedes-Benz¡¯s January deliveries rose 4.8 percent from a year earlier to 71,697, with long-wheelbase versions of the C- and E-class sedans both posting double-digit sales growth. Audi's deliveries rose 5.1 percent last month to roughly 64,000. 
>> Read Full Story

  Kia venture's deliveries advance 48%
Automotive News China | 2019/2/12

Sales at Dongfeng Yueda Kia, Kia Motors¡¯ joint venture with Dongfeng Motor Group, gathered steam in January, jumping 48 percent to 45,884.   The sales surge was led by the Kia Pegas subcompact car. Pegas deliveries nearly tripled to 7,432 last month, according to Dongfeng Yueda Kia.
>> Read Full Story

  Changan seeks outside funding for light commercial vehicle unit
Automotive News China | 2019/2/12

Changan Automobile Co. is courting external investors to help strengthen its light commercial vehicle business.   It plans to establish a joint venture with eligible investors, the state-owned automaker said in a statement. 
>> Read Full Story

  Daimler, Geely in talks to expand ties into 'bigger dimension'
Reuters | 2019/2/8

STUTTGART -- Daimler CEO Dieter Zetsche says the carmaker is in talks about deepening cooperation with China's Geely, even as German politicians draw up measures to protect German industry from foreign rivals.   In October, Daimler said it was setting up a ride-hailing joint venture in China with Geely after the Chinese company bought a 9.69 percent stake in Daimler and demanded an alliance, catching German managers off guard.
>> Read Full Story

  U.S.-China trade war squeezes Volvo Car profit margins
Reuters | 2019/2/8

STOCKHOLM -- Chinese-owned Volvo Cars reported a decline in 2018 profit margins as a prolonged trade war between Washington and Beijing pushed up costs and resulted in pricing pressure in its primary market, China.   The Swedish carmaker, owned by China's Geely, plans to increase production and sales while cutting operating costs to try to offset the negative impact on profit margins that is expected to persist this year, CEO Hakan Samuelsson said.
>> Read Full Story

  Volvo extends sales gains behind 2 locally built models
Automotive News China | 2019/2/8

Volvo Car Corp. maintained sales growth in China last month, with volume rising 3.6 percent to 11,958.   The growth was driven by the locally assembled XC60 compact crossover and the S90 full-size sedan, Volvo said, without disclosing sales of individual models.
>> Read Full Story

  Hyundai venture posts sales surge in January
Automotive News China | 2019/2/8

Sales at Beijing Hyundai Motor Co., Hyundai Motor Co.¡¯s joint venture with BAIC Motor Group Co., jumped 47 percent to 110,316 in January.   It was the joint venture¡¯s best monthly sales tally since January 2017, Beijing Hyundai said.
>> Read Full Story

  CATL, Honda cooperate on EV battery development
Reuters | 2019/2/8

TOKYO -- Contemporary Amperex Technology and Honda Motor Co. signed an agreement to cooperate on jointly developing lithium ion batteries for electric vehicles, as China's top EV battery maker expands tie-ups with Japanese automakers.
>> Read Full Story

  Honda sales rise; Mazda slump rolls into 2019
Automotive News China | 2019/2/5

Honda Motor Co.¡¯s China sales resumed growing in January after a flat 2018 but Mazda Motor Corp.¡¯s deliveries remain stuck in a downward dip.   Honda delivered 136,483 vehicles in China last month, a gain of 8.2 percent from a year earlier, according to the Japanese company¡¯s China office.   By contrast, Mazda¡¯s China sales tumbled 33 percent to 22,844 in January. 
>> Read Full Story

GETTING TO KNOW U.S.
Zotye, GAC make connections at NADA to build retail network
Michael Martinez and Melissa Burden | 2019/2/5

SAN FRANCISCO -- Two Chinese automakers used the NADA Show to woo dealers and further shape their distribution networks as they seek to start selling vehicles to U.S. consumers next year.    Zotye USA named its first 10 U.S. franchised retailers and said it was in "serious discussions" with about 100 more ahead of an expected launch in late 2020.

>> Read Full Story

  Chinese automakers snap up British car designers
Bloomberg | 2019/2/5

Chinese car companies with global ambitions are hiring designers from some of the most iconic names in the British auto world.   Geely Automobile Holdings, the company controlled by Volvo Car Group owner and billionaire Li Shufu, named Wayne Burgess as the head of a new design studio to be headquartered in the U.K. manufacturing hub of Coventry, Geely said in a statement.
>> Read Full Story

  Tesla launches sales of lower-priced Model 3
Reuters | 2019/2/5

BEIJING -- Tesla Inc. started taking orders in China for a lower-priced version of the Model 3 car as it seeks to accelerate China sales hit by trade friction between Washington and Beijing.   The company said in a statement that Chinese customers will be allowed to place orders for a long-range, rear-wheel-drive Model 3 variant whose price will start at 433,000 yuan ($64,300.56).
>> Read Full Story

  Changan, Jiangling warn of big losses behind weak Ford sales
Automotive News China | 2019/2/1

Ford Motor Co.¡¯s China sales slump prompted its partners to warn of sharply lower 2018 profits.  Changan Automobile Co., Ford¡¯s passenger vehicle joint venture partner, estimates 2018 net profit tumbled up to 93 percent to 500 million yuan ($74.5 million). Jiangling Motors Corp., Ford¡¯s truck partnership, forecast that net profit will plunge an estimated 87 percent.
>> Read Full Story

  Musk: $500 million enough to launch output at Tesla's Shanghai plant
Bloomberg | 2019/2/1

Tesla Inc. CEO Elon Musk told investors the company won¡¯t incur a heavy financial burden to get production up and running at its first overseas factory, seeking to soothe investor concerns about capital requirements for a new Shanghai plant.   Capital expenditures of about $500 million (3.35 billion yuan) are needed for Tesla to reach a weekly production rate of 3,000 vehicles at the factory, Musk said on an earnings call. 
>> Read Full Story

  PSA granted license to test self-driving vehicle in Chongqing
Automotive News China | 2019/2/1

PSA Peugeot Citroen obtained a license from local authorities to test an autonomous vehicle on roads in the southwest China municipality of Chongqing.   The vehicle is a self-driving Peugeot 4008 crossover, which was assembled at PSA¡¯s joint venture with Dongfeng Motor Group, according to a photo released by the French automaker. 
>> Read Full Story

  Nissan-Dongfeng venture targets 10% sales growth this year
Automotive News China | 2019/2/1

Dongfeng Motor Co., a 50-50 joint venture between Dongfeng Motor Group and Nissan Motor Co., seeks to boost its sales 10 percent to 1.71 million vehicles in 2019.   The target was announced at a meeting of Dongfeng Motor¡¯s senior executives in the central China city of Wuhan, Dongfeng Group said. 
>> Read Full Story

  Great Wall seeks to boost sales 14% in 2019
Automotive News China | 2019/1/29

Great Wall Motor Co., China¡¯s largest light-truck maker, wants to increase its deliveries 14 percent to 1.2 million vehicles this year despite weakening domestic demand.   In 2018, Great Wall¡¯s sales slid 1.6 percent year on year to 1,053,039 vehicles. 
>> Read Full Story

  Lynk & CO to open stores in Europe in 2020
Automotive News China | 2019/1/29

Lynk & CO, the upstart car brand jointly owned by Zhejiang Geely Holding Group and its Swedish subsidiary, Volvo Car Corp., plans to open stores in five European cities in 2020.   The stores are planned in Amsterdam, Berlin, Stockholm, London and Barcelona, Spain, the brand said. 
>> Read Full Story

  Didi, BAIC form joint venture to work on green-vehicle projects
Reuters | 2019/1/29

China's Didi Chuxing said it has set up a joint venture with Beijing Electric Vehicle Co., a unit of state-owned BAIC, to work on new-energy vehicle and artificial intelligence projects.   The venture, BAIC-Xiaoju New Energy Auto Technology Co., seeks to develop "next-generation connected-car systems," Didi, China's largest ride-hailing operator, said Monday.
>> Read Full Story

  Hyundai plans voluntary buyouts as market slows
Bloomberg | 2019/1/29

As China¡¯s car industry loses its shine, automakers are starting to buckle up for the downward slope.    Beijing Hyundai Motor Co., the joint venture between Hyundai Motor Co. and BAIC Motor Corp., is accepting voluntary retirements from employees and reviewing "production optimization" to enhance plant efficiency around the Chinese New Year holidays, Hyundai said in a text message.
>> Read Full Story

  COMMENT
Inside VW's blueprint to meet Beijing's quotas for EV output
Yang Jian | 2019/1/25

SHANGHAI -- When Beijing floated a carbon credit program in 2016 with the goal of prodding automakers to ramp up electrified vehicle output, Volkswagen Group and the German government complained about the hasty rollout.   But to no avail. The program was enacted this month, and VW has no choice but to comply.  To meet the requirements, the German auto giant has hammered out a three-stage strategy, according to company executives in China.   Pictured: Yang Jian is managing editor of  Automotive News China.
>> Read Full Commentary

  Geely to roll out 6 new models in 2019, report says
Automotive News China | 2019/1/25

Geely Automobile Holdings plans to launch sales of six new products, along with up to 10 freshened models, a Chinese website reported, citing company CEO An Conghui.   The Geely brand will introduce its first multipurpose vehicle, the Jiaji, in March, followed by a full-electric crossover, the FY11, in April, An told   Cheshi , a Beijing auto website, in an interview this week. 
>> Read Full Story

  Ford launches Territory crossover customized for China
Automotive News China | 2019/1/25

Ford Motor Co. kicked off sales of an entry-level compact crossover specifically designed for China in a bid to revive flagging local sales.   The Ford Territory has a starting price of 109,800 yuan ($16,170), according to Ford China.  
>> Read Full Story

  Toyota sales growth outpaces Nissan, Honda in 2018
Automotive News China | 2019/1/25

Toyota Motor Corp. recorded double-digit sales growth despite the downturn in the Chinese auto market in 2018 but rivals Nissan Motor Co. and Honda Motor Co.  generated smaller gains.   Combined China sales of the Toyota and Lexus brands rose 14 percent to a record 1.47 million in 2018, Toyota¡¯s China office said. 
>> Read Full Story

  Volvo: Electric car unit Polestar could go public
Reuters | 2019/1/25

STOCKHOLM -- Volvo Cars, which is owned by China's Geely, could seek external investors for its Polestar electric car brand and list the unit on the stock market but has no immediate plans to do so, the company said Thursday. 
>> Read Full Story

Mercedes-Benz to deepen ties with Chinese auto suppliers
Reuters | 2019/1/24

STUTTGART -- Daimler plans to deepen partnerships with Chinese suppliers as part of efforts to develop electric and connected vehicles. Wilko Stark, board member for procurement at Mercedes-Benz, said the shift to electric and connected cars has made Mercedes-Benz more dependent on battery cell chemistry and connected-vehicle expertise from outside.

>> Read Full Story
 

TOP 10 HEADLINES
OF THE LAST WEEK
Daimler, Geely in talks to expand ties into 'bigger dimension'

U.S.-China trade war squeezes Volvo Car profit margins

Volvo Cars courts China, U.S. tech investors to fund Polestar rollout

Volvo extends sales gains behind 2 locally built models

FAW to launch 2 crossovers, SUV under premium Hongqi brand

Hyundai venture posts sales surge in January

CATL, Honda cooperate on EV battery development

China's Arcfox to introduce next-gen crossover concept in Geneva

Honda sales rise; Mazda slump rolls into 2019

Audi maintains sales growth behind long-wheelbase A4 volume

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