CHINA NEWSLETTER January 12 2018
 
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In China, domestics take lead in adding new plant capacity
Yang Jian
Since the mid 1980s when Beijing opened the domestic auto sector to foreign investment, global brands have been the driving force behind the increase in China's light-vehicle output. But the landscape is changing. With the majority of global automakers nearing the completion of new assembly plants in China, domestic automakers are emerging as the driver of new production capacity. Pictured: Yang Jian is managing editor of Automotive News China.
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China's 2017 light-vehicle sales edge up just 1.4% after government raises tax on small cars
Automotive News China
Growth of 2017 light-vehicle sales in China slowed to 1.4 percent year on year from nearly 15 percent a year earlier after Beijing raised the tax on small vehicles. Approximately 24.72 million vehicles were sold last year in China, the China Association of Automobile Manufacturers said Thursday.
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Higher sales tax to sap China sales growth in 2018
Reuters
Automakers in China face their weakest year of sales growth in at least two decades as a phasing out of tax cuts on smaller engine vehicles that began in 2017 further dampens demand in the world's largest light-vehicle market.
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Great Wall's 2017 sales edge down despite pickup gains, new brand
Automotive News China
Great Wall Motor Co., China's largest maker of crossovers and pickups, had its 2017 deliveries slip 0.4 percent from a year earlier to 1,070,161 vehicles despite strong pickup sales and the addition of the Wey premium brand. The sales stagnation resulted mainly from weak demand for the company's top seller, the Haval H6.
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Ford's 2017 China sales slide 6.3% on weak passenger vehicle demand
Automotive News China
Ford Motor Co.'s sales in China declined 6.3 percent year on year to 1,192,625 vehicles in 2017 as demand weakened for locally built Ford-badged passenger vehicles. In December, Ford Motor's China sales fell 9.1 percent from the year-earlier month to 140,103 vehicles.

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FAW to launch 15 battery EVs by 2025 to bolster Hongqi luxury brand
Automotive News China
China FAW Group Corp., a major state-owned automaker, plans to roll out 15 battery electric vehicles and two gasoline models for its Hongqi luxury brand to rebuild the marque. Hongqi's first battery EV will hit the market this year. In 2020, the brand will launch sales of a battery EV developed on a new platform that will have a range of 600 kilometers (373 miles), FAW said on Monday.
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Hyundai mulls plant in Southeast Asia after China setback
Reuters
Hyundai Motor Corp. is considering building a car plant in Southeast Asia with Indonesia and Vietnam possible locations -- part of efforts to diversify after a sales slump in China. The automaker does not have a car manufacturing factory in Southeast Asia, although it has some pure assembly operations in Indonesia and Vietnam where cars are made from "knock-down" kits comprised of major component groups.
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Kenon, Chery sell 51% stake in China's Qoros for $1 billion
Reuters
Israel's Kenon Holdings said a China-based investor related to the Baoneng group has acquired 51 percent of its Qoros Automobile joint venture after the deal obtained approval from China's Ministry of Commerce. The Baoneng-related investor paid 6.63 billion yuan ($1 billion) for the stake.
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 TOP 10 HEADLINES
OF THE LAST WEEK

How Qoros Auto's new owner plans to be an EV power

China punishes carmakers that miss fuel economy targets

GM sales rise 4.4%, top 4 million in 2017 as Cadillac, Baojun shine

Geely to invest in heavy-truck maker AB Volvo

Volvo deliveries hit high in 2017

China extends tax rebate for electric cars, hybrids

LeEco founder stays in U.S. to raise funds

China's Byton hopes to sell electric SUVs in the U.S.



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