CHINA NEWSLETTER March 13 2018
 
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Light-vehicle sales fall as New Year holiday dents demand
Automotive News China
Light-vehicle deliveries in China declined 9.6 percent to roughly 1,475,500 vehicles in February due to the Chinese New Year holiday. Sales of crossovers and SUVs decreased 3.1 percent to around 651,300 vehicles, according to the China Association of Automobile Manufacturers.
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Q&A
Daimler deal driven by brand cachet vs. common ground, Geely's Li says
Bloomberg
Geely Chairman Li Shufu last month became Daimler's top shareholder, a move he says is driven more by the cachet of Germany's storied auto brand. He speaks here about the $8.6 billion investment.
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Geely sales remain robust despite holiday
Automotive News China
Geely Automobile Holdings' sales advanced 24 percent to 110,243 vehicles in February despite the week-long Chinese New Year holiday. The gain was driven by sustained strong demand for four models the company developed on a new vehicle platform and launched in 2016.
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Tesla CEO, seeking Trump assist, calls China trade rules uneven
Reuters
Tesla Inc. CEO Elon Musk took to Twitter to call on U.S. President Donald Trump to challenge China's auto trade rules, which limit foreign ownership of Chinese ventures and impose steep tariffs on imported cars. In a series of tweets aimed at the president, Musk said he was "against import duties in general, but the current rules make things very difficult. It's like competing in an Olympic race wearing lead shoes."
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Ford sales slump continues
Automotive News China
Ford Motor Co.'s China deliveries continue to decline, falling 23 percent from a year earlier to 123,473 vehicles in the first two months of the year. After dropping 18 percent year on year to 75,990 in January, the Dearborn company's sales in China slumped 30 percent to 47,483 in February, partly because of the New Year holiday.

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Germany, China warn Trump tariff moves threaten global trade
Automotive News Europe
Germany denounced moves by President Donald Trump to impose tariffs on U.S. metal imports, saying Europe needed a united response to the threat and echoing criticism from China that it risked undermining the global trade system. Trump last week set plans to import tariffs of 25 percent on steel and 10 percent on aluminum, to go into effect in 15 days, though Washington opened the way to some exemptions the following day after pressure from allies.
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Geely taps Autoliv, Zenuity to develop ADAS system for Level 3 autonomy
Automotive News Europe
Swedish safety systems supplier Autoliv and its software joint venture Zenuity have been selected by Chinese automaker Geely to develop advanced driver assistance systems to support Level 3 autonomous driving in China. Level 3 is conditional autonomy, meaning the car controls itself in most situations but requires the driver to take back control at any point.
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 TOP 10 HEADLINES
OF THE LAST WEEK

GM sales advance behind Cadillac, Baojun, Chevy, Buick volume

Audi Feb. deliveries rise on strength of A4 sedan, Q3 crossover

Daimler: Future deals with Geely hinge on partners BAIC, BYD

Great Wall seeks to double sales by 2025, readies EV push

Volvo deliveries continue rise on demand for locally built models

Renault expands Alibaba pact to drive China sales

BMW to develop electric Mini in China

Daimler purchases 3.93% stake in BAIC's EV unit

Continental bets on mild hybrid batteries in venture with CITC

Geely chairman: No more automotive deals



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