CHINA NEWSLETTER July 13 2018
 
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Trump's trade war delivers unintended boon to China's auto industry
Yang Jian
SHANGHAI -- The United States has been by far the largest export market for China for many years. For that reason, the trade war U.S. President Donald Trump is waging against China may well sap the growth of the Chinese economy. But China's auto industry has little to lose and much more to gain from Trump's crusade and the response it has elicited from the Chinese government. Pictured: Yang Jian is managing editor ofAutomotive News China.
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Light-vehicle sales rose 2.3% in June behind sedans
Automotive News China
Sales of new light vehicles in China increased 2.3 percent to roughly 1,874,200 in June, reflecting robust sedan demand.Sedan deliveries advanced 9.1 percent from a year earlier to around 963,400 last month, the China Association of Automobile Manufacturers said.

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BMW set to raise stake in Brilliance joint venture above 50%
Bloomberg
BMW AG stands to become the first foreign car manufacturer to own a majority stake in a Chinese joint venture, showing Beijing is following through on a pledge to increasingly open up the economy to global corporations.
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Tesla sharing tech with China 'subject to negotiation'
Bloomberg
SHANGHAI -- Any sharing of technology by Tesla Inc. with a Chinese partner as part of its expansion in the world's largest electric-car market is a matter that's "subject to negotiation," a Shanghai government official said.
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After Tesla deal, Shanghai to phase out caps on foreign ownership limits
SHANGHAI -- Shanghai will accelerate efforts to cancel restrictions on foreign investment in the auto manufacturing sector, a government official said on Wednesday, a day after Tesla said it would build a wholly owned auto plant in the city.
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VW to build EVs for Seat brand at JV with JAC
Automotive News China
The Volkswagen Group plans to assemble electric vehicles under the Seat brand at its EV joint venture with state-owned Chinese automaker Jianghuai Automobile Co. in two to three years.
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VW, FAW partner on e-mobility, autonomous driving
Reuters
FRANKFURT ĘC Volkswagen AG agreed to cooperate with China's FAW Group and the China Intelligent and Connected Vehicles Research Institute on technologies including e-mobility, connectivity and autonomous driving.
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Geely predicts big growth in first-half profits
Automotive News China
Geely Automobile Holdings expects first-half net profit to grow about 50 percent from 4.34 billion yuan ($648 million) a year earlier. The gains will come from a sharp increase in revenue, sales and improved product mix during the period, the company said in a statement Wednesday.

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BMW to join board of Baidu's autonomous driving platform Apollo
Reuters
FRANKFURT -- BMW signed a memorandum of understanding with tech giant Baidu to join its autonomous driving platform Apollo as a board member. The deal was signed during a visit by Chinese Premier Li Keqiang to Germany.
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Didi signs up Continental for EVs
Reuters
BEIJING -- Didi Chuxing signed an agreement with German automotive supplier Continental AG to cooperate on the development of internet-connected, electric cars tailor-made for Didi's ride hailing services.

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 TOP 10 HEADLINES
OF THE LAST WEEK

China's unbridled EV push wreaks havoc on battery makers

U.S., China dig in over trade as tariffs take hold

GM's Q2 sales growth falls below 1% behind Buick slump

Ford: No plans, for now, to hike China prices

Baidu, King Long begin mass output of China's first fully autonomous vehicle

U.S. tariff threat jolts Denso as parts giant readies China expansion

Geely's London electric cab unit joins in Brexit warnings

BYD to deliver 100 electric buses to Chilean capital

BJEV starts battery-swap service

Ethanol push under cloud as U.S. trade dispute widens



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