CHINA NEWSLETTER March 16 2018
 
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COMMENT
U.S. tariffs may negate gains Trump secured for foreign automakers in China
Yang Jian
SHANGHAI -- When U.S. President Donald Trump visited China in November, he prodded the Chinese government to make two concessions on further opening the domestic market to American as well as other foreign automakers. Now that Trump has moved to impose import tariffs on steel and aluminum, Beijing is probably no longer in the mood to deliver what it has promised. Pictured: Yang Jian is managing editor of Automotive News China.
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Nissan names ex-U.S. chief to lead China expansion
Reuters
Nissan Motor Co.'s chief performance officer, Jose Munoz, will become head of its China operations, leading the Japanese automaker's ambitious expansion in the world's largest auto market. Munoz, who previously led Nissan's strong growth in the U.S., will replace Jun Seki, currently head of China operations. Seki will become senior vice president of production engineering.
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Great Wall sales stall on weak Haval crossover, SUV demand
Automotive News China
Great Wall Motor Co., China's largest maker of light trucks, reported a sales decline of 0.2 percent year on year to 168,376 vehicles in the first two months. The company's sales were dragged down by Haval crossovers and SUVs, which slumped 19 percent from a year earlier to 120,628 in January and February.
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Mercedes grabs early luxe lead, outsells Audi, BMW
Automotive News China
Mercedes-Benz's deliveries in China for the first two months rose 17 percent from a year earlier to 111,461 vehicles, topping German luxury rivals Audi and BMW. Audi totaled 100,239 sales in January and February, despite a surge of 49 percent from the same period last year. BMW AG said its sales of BMW and Mini vehicles in China rose 7.5 percent year on year to 89,992.

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EV, plug-in hybrid deliveries remain hot despite holiday
Automotive News China
Electric vehicle and plug-in hybrid sales surged 95 percent year on year to 34,420 vehicles in February behind government subsidies and despite the weeklong Chinese New Year holiday. EV deliveries jumped 68 percent from a year earlier to 23,458 while plug-in hybrid sales soared 196 percent to 10,962, the China Association of Automobile Manufacturers said.
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VW will roll out new Chinese SUV globally
Bloomberg
Volkswagen plans to sell the compact SUV it developed with Chinese partner SAIC Motor Corp. across the globe, intensifying a push into the lucrative and fast-growing category that will help fund its electric-vehicle initiatives. The new model, dubbed the Volks-SUV for now, will be introduced in China in August, Herbert Diess, who heads Volkswagen AG's main brand, said Wednesday at a press conference at the carmaker's headquarters in Wolfsburg.
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China's GSR Capital to invest in Swedish EV maker, open new battery plant
Bloomberg
GSR Capital, the Chinese private-equity firm that bought Nissan Motor Co.'s battery-making business, plans to invest $500 million in National Electric Vehicle Sweden AB. GSR said it will also build a battery factory next door to NEVS' factory, which is based on the site of a former Saab auto assembly plant in Trollhattan, Sweden.
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China's WM Motor, shrugging Off trade tensions, open to U.S. IPO
Bloomberg
China's WM Motor Technology Co., set to take on Tesla Inc. with an electric SUV going this year, is open to holding an initial public offering in the U.S. as its founder shrugs off a potential trade war between the world's two biggest economies.
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Panasonic opens battery plant in Dalian to supply electrified vehicles
Automotive News China
Panasonic Corp. opened a plant in the northeast China port city of Dalian to build prismatic lithium ion batteries for conventional hybrid, plug-in hybrid and electric vehicles in China and North America. The 900 million yuan ($142 million) factory is the company's first production site for prismatic lithium ion automotive batteries in China.
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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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