CHINA NEWSLETTER June 12 2018
 
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Powered by sedans, light-vehicle deliveries rise 7.9% in May
Automotive News China
Sales of new light vehicles in China increased 7.9 percent year on year to approach 1.9 million vehicles in May. For the first time in years, sedans replaced crossovers and SUVs to become the growth drivers, according to the China Association of Automobile Manufacturers.
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VW brand sales rise in May on demand for compact sedans
Automotive News China
Volkswagen brand delivered 251,600 vehicles in China last month, an increase of 4.1 percent from a year earlier. The growth was driven by demand for the Bora, Lamando and Polo compact sedans, Volkswagen Group said, without disclosing sales of individual models for VW brand.
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GM's 2 joint ventures post strong deliveries
Automotive News China
May deliveries rose for General Motors' two joint ventures in China, as SAIC-General Motors reported a 9.8 percent year-on-year increase and SAIC-GM-Wuling posted an 11 percent advance.
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Geely's explosive sales, powered by crossovers, roll on
Automotive News China
Sales at Geely Automobile Holdings, the largest domestic Chinese passenger vehicle maker, continue to forge ahead on strong crossover volume. The company's May deliveries in China surged 61 percent year on year to 123,068 vehicles.
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GAC's U.S. launch may be derailed by trade tussles
Hans Greimel
GAC Motor, angling to become the first homegrown Chinese automaker to export light vehicles to the U.S., is re-evaluating those plans after President Donald Trump's threat to level tariffs on imported vehicles.
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Lincoln taps Mercedes-Benz's Chinese sales veteran to lead Asia, China unit
Automotive News China
SHANGHAI -- Ford Motor Co. appointed Mao Jingbo, a former executive at Mercedes-Benz's sales company in China, to be Lincoln's president for Asia Pacific and China as part of efforts to hire locals to oversee China operations.
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CATL acquires 'sizable' stake in EV startup Byton
Reuters
China's dominant battery producer, Contemporary Amperex Technology, agreed to invest in Chinese-funded electric vehicle startup Byton. Byton did not disclose the size of CATL's investment, but its spokeswoman said the battery producer is a "sizable investor" that participated in Byton's $500 million Series B round of funding.
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 TOP 10 HEADLINES
OF THE LAST WEEK

Beijing turns a big corner: Privatizing troubled automakers

BAIC's Xu says a third of China's automakers face extinction

GM raises new-energy vehicle target in China to 20 models through 2023

Nissan, Toyota sales rise in May

CATL set to build battery factory in Germany

Geely Auto Group tech chief to lead Lotus

HiRain, Innoviz partner to supply lidar to Chinese automakers

Sogefi to supply engine coolant pumps for Volvo hybrid cars

Why Chinese cars, crossovers should worry Europe's brands

Honda's sales slide on CR-V crossover engine glitch



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