CHINA NEWSLETTER July 17 2018
 
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COMMENT
How this year's trade war is a different ballgame
Hans Greimel
Superficial similarities abound between the latest U.S. trade war with China and earlier, mostly failed campaigns against Japan. But striking differences also suggest U.S. President Donald Trump's gambit might have better leverage. Pictured: Hans Greimel is Asia editor of Automotive News
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Mercedes widens sales lead over Audi, BMW
Automotive News China
Mercedes-Benz padded its lead as the top-selling luxury brand over main rivals Audi and BMW in China last month.Mercedes-Benz sales kept growing at a double-digit pace in June, advancing 14 percent to 56,945.

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EV, plug-in hybrid sales continue surge in June
Automotive News China
Electrified vehicle sales remain strong across China with combined deliveries of electric vehicles and plug-in hybrids surging 43 percent from a year earlier to roughly 84,000 in June.

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FAW Group, Dongfeng, Chongqing Changan ready ride-sharing platform
Reuters
FAW Group, Dongfeng Automobile and Chongqing Changan Automobile formally set up a venture to establish a ride-sharing platform, Changan said, creating the kind of service pioneered by Uber.
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Dealership stockpiles spike as credit tightens, tariffs fall
Automotive News China
Inventories at dealerships across China jumped to a 58-day supply in June from 53 days a year earlier, according to the China Automobile Dealers Association. The group blamed the Chinese government's credit control policy and a steep drop in tariffs on import vehicles, delaying sales, for the spike in dealership stockpiles.
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BYD seeks police probe of alleged employee impersonator
Bloomberg
BYD Co. asked the police to investigate a person who allegedly posed as an employee and signed unauthorized marketing contracts in the company's name.

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U.S. lights come on for China's Rebo
Stephanie Hernandez McGavin
In the North American vehicle lighting market, one player's desire to cash out was the ticket for another player to join in. Enter Rebo Lighting and Electronics -- a Chinese company virtually unknown in the United States, but with considerable recognition in its home market.
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COMMENTS
There's no subprime bubble in China auto loans
Anjani Trivedi
Slowing car sales and tightening credit look like a toxic combination for China's auto-financing industry, which has exploded in the past few years. Concerns the sector is heading for a subprime-like meltdown may be overblown, though.
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BYD to offer financial leasing for electric buses in U.S.
Automotive News China
Chinese electrified vehicle maker BYD Co. formed a joint venture with San Francisco investment company Generate Capital to launch a $200 million leasing program for electric buses in North America.

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 TOP 10 HEADLINES
OF THE LAST WEEK

Trump's trade war delivers unintended boon to China's auto industry

Light-vehicle sales rose 2.3% in June behind sedans

BMW set to raise stake in Brilliance joint venture above 50%

Tesla sharing tech with China 'subject to negotiation'

After Tesla deal, Shanghai to phase out caps on foreign ownership limits

VW to build EVs for Seat brand at JV with JAC

VW, FAW partner on e-mobility, autonomous driving

Geely predicts big growth in first-half profits

BMW to join board of Baidu's autonomous driving platform Apollo

Didi signs up Continental for EVs



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