CHINA NEWSLETTER May 25 2018
 
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Foreign brands race to cut import prices after Beijing cuts tariff
Yang Jian
SHANGHAI -- Beijing's announcement this week that it will cut the tariff on imported vehicles to 15 percent from 25 percent sent global brands racing to reduce prices on their imported models. Although the tariff reduction doesn't take effect until July 1, many foreign automakers have taken action. Pictured: Yang Jian is managing editor of Automotive News China.
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China cuts car import duty to 15% in boost for BMW, Tesla, Mercedes and Porsche
Reuters
SHANGHAI -- China will cut import tariffs for cars and components, the country's finance ministry said, opening up greater access to the world's largest auto market amid an easing of trade tensions with the U.S. Import tariffs will be cut to 15 percent for most vehicles from 25 percent from July 1, the Ministry of Finance said in a statement, adding this was part of efforts to open up China's markets and spur development of the local auto industry. A small number of imported trucks are taxed at 20 percent currently.

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GM CEO on China's tariffs: Level playing fields or 'open up the markets'
Michael Wayland
General Motors CEO Mary Barra wants China to further to reduce its protective tariffs. "I'd like to see it be level," she told Goldman Sachs CEO Lloyd Blankfein during an event Wednesday at the bank's New York headquarters. "The same going back and forth. Or just open up the markets and let us compete."
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Tesla cuts Model X price up to $14,000 after China cuts import duty
Reuters
Tesla Inc. slashed up to $14,000 off the price of the Model X in China after Beijing announced a major cut in tariffs on imported automobiles, a potential sales boost for the U.S. electric-vehicle maker as the world's largest auto market pivots toward EVs.
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U.S. launches probe to weigh tariffs on car, truck imports
Reuters
The Trump administration launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. Beijing, which is increasingly eyeing the United States as a potential market for China-built vehicles, said that it would defend its interests.
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Honda preps small EV with batteries from Chinese supplier, report says
Automotive News China
Honda Motor Co. plans to develop a micro electric vehicle with batteries supplied by Chinese battery giant Contemporary Amperex Technology Co., Japan's Nikkei news agency reported. The EV will be adapted from the Honda Fit small car.
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Volvo to add XC40 crossover output in China
Douglas Bolduc
Volvo will expand output of its XC40 in Belgium and start production of the compact crossover in China next year to meet stronger-than-expected demand, the company said Thursday. The Swedish automaker also promised to expand its compact vehicle family with a range of new models to replace the current V40.
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Bosch opens 2nd infotainment, component plant in Wuhu
Automotive News China
German supplier Robert Bosch opened a second plant in the east China city of Wuhu this week to expand output of infotainment and other connectivity systems for vehicles produced in China. The 269 million-yuan ($42.2 million) factory will produce infotainment systems, instrument clusters, and connectivity control units, the company said.
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Dana launches output of thermal control systems in Yancheng
Automotive News China
U.S. supplier Dana Inc. launched a plant in the east China city of Yancheng to produce thermal-management products for conventional and plug-in hybrid vehicles. The 105 million-yuan ($16.7 million) factory covers 8,000 square meters (86,000 square feet) and at full capacity can build eight million thermal-acoustical shields and battery cold plates annually for plug-in hybrid vehicles, Dana said.
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 TOP 10 HEADLINES
OF THE LAST WEEK

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At SAIC-GM, April sales gain but Wuling venture dips

EV, plug-in hybrid sales forge ahead

BMW deliveries trail Mercedes, Audi

FAW to invest $260 million in EV startup Byton

Volvo focused on electrification, automation, regardless of IPO, chief says

Porsche wants Chinese buyers to love the 911

Light-vehicle sales rise 11% in April

VW brand deliveries post April advance

Ford skid continues amid new-model void



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