CHINA NEWSLETTER February 13 2018
 
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Light-vehicle sales rise 11% in Jan. behind crossovers, SUV demand
Automotive News China
Light-vehicle deliveries in China increased 11 percent year on year to roughly 2,456,200 in January as demand for crossovers and SUVs remained robust. Sales of crossovers and SUVs advanced 23 percent to around 1,083,100 vehicles. Sedan deliveries rose 7.3 percent to roughly 1,158,800, the China Association of Automobile Manufacturers said.
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GM's sales rise 15% in January on strength of Chevrolet, Baojun
Automotive News China
General Motors' China deliveries advanced nearly 15 percent year on year to 367,712 vehicles last month thanks to strong sales by Chevrolet and Baojun. In January, Chevrolet sales surged 40 percent from a year earlier to 54,350 on demand for the Cavalier and Malibu sedans.
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China looks to retain EV subsidies, report says
Reuters
The Chinese government is leaning towards retaining local subsidies for electric vehicles after eliminating a prior proposal to scrap the funding, Bloomberg reported on Monday. The newly amended policy is said to be in final stages of discussions in help sustain rising demand for so-called new-energy automobiles in China.
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BYD deliveries surge on plug-in hybrids, new gasoline MPV
Automotive News China
Sales at BYD Co., China's largest electric vehicle maker, jumped 47 percent from a year earlier to 42,159 last month, on demand for plug-in hybrids and a new multipurpose vehicle. In January, the company's sales of plug-in hybrids and EVs totaled 7,141 vehicles, nearly 11 times the figure a year earlier.
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Ford deliveries slump on weak car volume
Automotive News China
Ford Motor Co.'s China sales fell 18 percent from a year earlier to 75,990 vehicles in January. Volume was dragged down by Changan Ford Automobile Co., Ford's passenger vehicle joint venture. Last month, Changan Ford, which makes Ford sedans and crossovers, delivered 46,888 vehicles, plunging 29 percent year on year.
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Daimler approved to obtain interest in BAIC's EV subsidiary
Automotive News China
Daimler AG has won the Chinese government's approval to acquire a minority stake in the electric vehicle subsidiary of its joint venture partner BAIC Motor Group Co. The acquisition will be made by Daimler Greater China Investment Co., Daimler's investment company in China, according to the National Development and Reform Commission, China's central economic planning agency.
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Volvo's annual profit jumps 28% to record on China growth
Reuters
Volvo Cars' profit increased 28 percent last year to a record high as the Chinese-owned automaker experienced strong demand for new models -- especially in China. Operating earnings rose to 14.1 billion Swedish crowns ($1.76 billion, 11.1 billion yuan) in 2017 from 11.0 billion a year earlier, as revenue climbed 17 percent to 210.9 billion crowns, the Swedish automaker said.
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Honda to recall 350,000 cars over engine glitch
Reuters
Honda Motor Co. is recalling roughly 350,000 vehicles in China to resolve a cold-climate engine issue and quell a barrage of customer complaints that has hit the automaker over the past month. The recall covers the CR-V crossover and Civic compact car equipped with a 1.5-litre turbo engine, Honda's joint venture with Dongfeng Motor Group Co. said in a statement on Monday.
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 TOP 10 HEADLINES
OF THE LAST WEEK

VW poised to expand China turf

Audi sales rebound in January

Geely deliveries extend surge behind crossover demand

Didi sets up electric car-sharing platform

Volvo deliveries continue growth behind locally assembled models

Mercedes joins spree of apologies to China for Dalai Lama quote

Aston Martin seeks EV partner in China

Geely billionaire's speech in Germany skirts speculation on Daimler

Nissan, eyeing top 3 ranking in China, plans 60 billion yuan in outlays

Toyota sets 1.4 million sales goal in China for 2018



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