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Home >> Suppliers
  Geely picks Swedish software developer to supply self-driving tech
Reuters | 2019/6/21

STOCKHOLM -- Geely has chosen Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self-driving software.   Geely's deal, encompassing entities including Geely Auto, performance brand Polestar, subscription-based electric carmaker Lynk & CO and British sports car maker Lotus, provides a welcome boost for Zenuity.
>> 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

  Toyota may invest in Didi, report says
Reuters | 2019/5/31

TOKYO -- Toyota Motor Corp. is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported. Japan's top automaker is also looking to set up a new mobility-services company in China, the paper said.
>> Read Full Story

  VW to reshuffle $56 billion battery push with Samsung deal at risk, report says
Bloomberg | 2019/5/28

 Access to batteries for powering a growing number of EVs has emerged as a new battleground for automakers amid capacity constraints, supply bottlenecks and limited access to raw materials.    VW has picked LG Chem and SK Innovation as suppliers for Europe along with CATL in China, but is concerned a deal with Samsung SDI might unravel, people familiar with the matter say.
>> Read Full Story

  Brose to invest 300 million euros in China over next 3 years
Automotive News China | 2019/5/21

Brose Group plans to invest more than 300 million euros (2.3 billion yuan) for new products and technical equipment in China over the next three years.   The capital outlays account for 20 percent of the total investment the German supplier will make globally over the next few years.
>> Read Full Story

Daimler's incoming CEO will push alliances to cut costs, notably on EVs
Reuters | 2019/5/13

Daimler will cut development costs of new Mercedes-Benz light vehicles by a significant amount by 2025 and will intensify alliances with rivals as a way to improve margins, said Ola Kaellenius, the company's future CEO, noting the high price for designing and engineering electric vehicles.

>> Read Full Story

  COMMENT
Vehicles with 48-volt systems poised to thrive despite EV hype
Yang Jian | 2019/5/10

SHANGHAI -- Electric vehicle sales are exploding, hundreds of EV startups have emerged and the Chinese government is goading automakers to ramp up EV output with a carbon credit program.   Yet, the green vehicles that will first populate the world¡¯s largest auto market in the foreseeable future are not EVs, but those with cost-effective technology anchored by 48-volt systems.   Pictured: Yang Jian is managing editor of  Automotive News China. 
>> Read Full Commentary

U.S. hikes tariffs on China-made auto parts, other goods
Bloomberg | 2019/5/10

The United States increased tariffs Friday on $200 billion in goods from China and threatened to impose more in the most dramatic steps yet to extract trade concessions, with U.S. President Donald Trump saying there¡¯s ¡°no need to rush¡± a deal even though the uncertainty is roiling markets and clouding the global economy.

>> Read Full Story

  In Germany, auto suppliers downbeat as China-U.S. trade standoff escalates
Reuters | 2019/5/10

BERLIN -- German automotive suppliers Continental and Bosch do not expect a speedy recovery of the global auto market, as an escalating trade conflict between the United States and China threatens to compound already weak light-vehicle demand.  
>> Read Full Story

U.S. legislation aims to thwart China's EV dominance
Reuters | 2019/5/2

WASHINGTON -- A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, as part of a plan to offset China's dominance in the EV market.

>> Read Full Story

  Battery maker CATL's profit soars behind EV boom
Automotive News China | 2019/4/30

Contemporary Amperex Technology's net profit surged 153 percent to nearly 1.05 billion yuan ($156 million) in the first quarter, bolstered by soaring demand for electric vehicles across China.   The country¡¯s largest battery supplier for EVs said revenue jumped 169 percent to approach 10 billion yuan. 
>> Read Full Story

  Pininfarina to expand China team despite market downturn
Automotive News China | 2019/4/26

Italian automotive design house Pininfarina will continue to expand its team in China despite the market slowdown, CEO Silvio Pietro Angori said.  "Although it is declining, the market is so large and there are still a lot of new cars being developed. So I don¡¯t expect any decline in our business," Angori told   Automotive News China   .
>> Read Full Story

  Huawei says it launches 'world's first' 5G auto hardware
Reuters | 2019/4/23

Huawei Technologies launched what it said was the world's first 5G communications hardware for the automotive industry, in a sign of its growing ambitions to become a key supplier to the industry for self-driving technology.   Huawei said in a statement that the so-called MH5000 module is based on the Balong 5000 5G chip that it launched in January. "Based on this chip, Huawei has developed the world's first 5G car module with high speed and high quality," it said.
>> Read Full Story

  Aptiv sets AV tech ambitions in China
Automotive News | 2019/4/19

Global supplier Aptiv is securing a foothold for its self-driving technology in what may be the world's most lucrative autonomous vehicle market.   The company said Wednesday it has opened an Autonomous Mobility Center in China and will soon deploy test vehicles on the roads in and around Shanghai.
>> Read Full Story

  Automotive Energy Supply targets EV makers with first China battery plant
Bloomberg | 2019/4/16

The battery maker for Nissan Motor Co.'s Leaf electric vehicle is adding a factory in China to more than triple global capacity and lure more customers in the world¡¯s biggest EV market.   Automotive Energy Supply Corp. began construction of the factory in Wuxi in China¡¯s eastern Jiangsu province this year with a planned annual capacity of 20 gigawatt-hours, enough to power 400,000 EVs a year, said Zhang Lei, CEO of Envision Group.
>> Read Full Story

  Bosch sees China downturn extending into 2019
Reuters | 2019/4/12

STUTTGART -- German auto supplier Robert Bosch sees a further downturn in China this year after the country's car market posted its first decline in almost two decades last year, the head of its core auto parts unit said.   "The skid marks in the Chinese car market will be seen again this year," Stefan Hartung said, adding that China's auto market saw a double-digit decline in the first quarter of 2019.
>> Read Full Story

  VW signs up Chinese lithium supplier
Automotive News China | 2019/4/9

Volkswagen Group has signed a memorandum of understanding with Chinese lithium producer Ganfeng Lithium Co.   The move is intended to secure long-term lithium supplies for the battery-electric vehicles VW will roll out in China, the German auto giant said. 
>> Read Full Story

  Infineon cuts sales forecast again on weak China outlook
Reuters | 2019/3/29

FRANKFURT -- German chipmaker Infineon has cut its 2019 revenue forecast for the second time in as many months, pointing to a weakening Chinese light-vehicle market.   The news came shortly after industrial companies in China, the world's second-largest economy, posted their biggest slump in profits since late 2011 in the first two months of this year, hurt by trade tensions with the United States.
>> Read Full Story

  Evergrande targets EV output of up to 1 million in 3 years
Bloomberg | 2019/3/25

Evergrande Health seeks to have production capacity of up to 1 million vehicles within three years as part of its efforts to become the world¡¯s largest electric car manufacturer, starting with the launch of an electric vehicle in June.
>> Read Full Story

  Tesla in talks with CATL for big battery order, report says
Bloomberg | 2019/3/12

Tesla Inc. is in talks about ordering rechargeable batteries from Contemporary Amperex Technology Co. to power Model 3 cars the U.S. electric-car maker plans to start assembling at its new factory near Shanghai, Bloomberg reported, citing people familiar with the matter.
>> Read Full Story

  BMW plan to export EVs from China on hold amid trade talks
Reuters | 2019/3/8

BMW's ambitions to establish China as a hub for exporting electric vehicles are in limbo because of uncertainty over potential trade tariffs between China and the United States, company executives 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

  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

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

  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

  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

  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

  Evergrande Health takes 1.06B yuan stake in Chinese auto battery maker
Reuters | 2019/1/29

Evergrande Health Industry Group will pay 1.06 billion yuan ($156 million) for a majority stake in an automobile battery maker headquartered in China, the company said, as it pieces together an electric vehicle production chain.   The health care company will buy a 58.07 percent stake in Shanghai CENAT New Energy Co. from electrical instruments maker Shenzhen Clou Electronics Co., it said in a filing with the Hong Kong stock exchange.
>> Read Full Story

  Germany backs r&d center for EV battery technology to rival Asia producers
Reuters | 2019/1/25

BERLIN -- The German government will fund a research center to offer companies in Germany know-how to develop battery cells for electric vehicles, seeking to compete with Asian producers that dominate the industry.    Anja Karliczek, Germany¡¯s science minister, said the agency would invest 500 million euros ($568 million) to support research into existing and next-generation EV battery cell technology.
>> 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

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