CHINA NEWSLETTER May 15 2018
 
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Light-vehicle sales rise 11% in April
Automotive News China
New light vehicle sales in China advanced 11 percent year on year to top 1.9 million in April, the China Association of Automobile Manufacturers reported. The double-digit growth shows the market has shrugged off the end of tax incentives for small vehicles at the start of the year.
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VW brand deliveries post April advance
Automotive News China
The Volkswagen brand's China sales increased 9.5 percent year on year to 247,400 in April on demand for the Golf and Lamando sedans as well as the Teramont SUV. It is a new April high for the VW brand in the Chinese market, the Volkswagen Group said.
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Ford skid continues amid new-model void
Automotive News China
Ford Motor Co.'s sales skid in China is continuing due to a lack of new or redesigned models, with volume slumping 26 percent to 69,503 in April. The decline in deliveries was led by Changan Ford, Ford's passenger vehicle joint venture.
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Hyundai's new mantra to lure back buyers: Made for China
Bloomberg
Hyundai Motor Co.'s designers are working overtime to add zing and connected features to its cars. The goal: woo young consumers to reverse a sales plunge in the world's biggest auto market. The company is expanding a 25-member China design group with an aim to double its size and bring it on par with teams in Europe and California, said Simon Loasby, who runs the team.
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Audi aims to double China sales, boosted by second JV
Christiaan Hetzner
Audi hopes a second joint venture and new SUVs will help it to remain China's top luxury brand, fighting off strong challenges from Mercedes-Benz and BMW. Audi, which sold just under 598,000 vehicles in China last year, aims to double that volume by 2023, CEO Rupert Stadler said at the auto show here last month.
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Geely's Daimler stake should have been disclosed earlier, Germany says
Reuters
German markets regulator BaFin is reviewing whether to impose fines after it determined Geely Chairman Li Shufu's transactions to buy a 9.69 percent stake in Daimler should have been disclosed earlier.
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Tesla registers Shanghai EV firm ahead of ownership rule change
Reuters
Tesla Inc. registered a new electric car firm in Shanghai, as China prepares to scrap rules on capping foreign ownership of new-energy vehicle ventures. The new company, Tesla Shanghai Co., was registered on May 10, according to a filing with the National Enterprise Credit Information Publicity System.

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Talks for Mini production in China are 'going well,' BMW CEO says
Christiaan Hetzner
BMW expects it could be autumn before it can gauge whether to proceed with plans to build Minis in China with Great Wall Motor. BMW is in discussions with Great Wall for a joint venture to build electric Minis in China, in addition to production of Mini's first full-electric car due to come off the line next year at its home factory in Oxford, England.
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Didi suspends 'ride-hitching' for driver checks
Reuters
China's biggest ride-sharing company, Didi Chuxing, is halting for a week one of its domestic services, which it calls "ride-hitching", following the death of a female passenger that sparked questions about safety.
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 TOP 10 HEADLINES
OF THE LAST WEEK

As Trump raises trade demands, U.S. automakers must prepare for the worst

Ford imports face delays at China ports amid trade friction

While expanding in China, Volvo is set to make Lynk & CO a global brand

Volvo's April sales climb 20% on strength of China-built XC60, S90

Mercedes-Benz deliveries jump on demand for locally produced models

Great Wall sales advance behind pickups, new crossovers

Panasonic says it could make batteries with Tesla in China

EV startup WM Motor will target individuals, not fleet operators, for sales

Didi apologizes after passenger is killed, raising safety fears

Volvo Car selects Citi, Goldman, Morgan Stanley to steer IPO, report says



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