CHINA NEWSLETTER September 14 2018
 
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Chinese brands pay price for single-minded bet on crossovers
Yang Jian
It can be risky placing all your eggs in one basket, as the saying goes. That's the lesson Chinese carmakers should learn from the softening market over the past two months. Their big bet on crossovers, which worked wonderfully over the past several years, is now causing havoc with their sales. Pictured: Yang Jian is managing editor of Automotive News China.
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New light-vehicle sales in China decline for 2nd straight month
Automotive News China
China's new light-vehicle sales slipped for the second month in a row in August, with deliveries dropping 4.6 percent year on year to roughly 1,789,900 vehicles. Except for minibuses, all segments' sales declined last month, according to the China Association of Automobile Manufacturers.

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VW brand deliveries slide for 3rd month in a row
Automotive News China
Volkswagen brand's China deliveries declined for the third consecutive month in August, with volume falling 3.2 percent year on year to 256,800. The German marque blamed the decrease on China's steep tariff reduction on imported vehicles.
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U.S. brands losing ground in shrinking market
Bloomberg
American carmakers are losing ground in a shrinking Chinese market, and their problems are mostly tied to a lack of competitiveness rather than the trade war, an industry trade group said.
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NIO shares rev up after shaky U.S. debut
Reuters
Shares of Chinese electric carmaker NIO Inc. recovered sharply from a 15 percent fall in their New York market debut on Wednesday, a day after the company's IPO was priced at the lower end of the expected range.
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Toyota set to share hybrid tech with China, report says
Bloomberg
Toyota Motor Corp. is preparing to divulge details of the hybrid-car engine technology it pioneered with the Prius to China in an attempt to catch up with rivals in the world's biggest auto market. Chinese officials asked Toyota to share its gasoline-electric technology to help local companies meet stricter emissions targets, people familiar with the matter said, asking not to be named because the talks are private.
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Honda recalls 2 more models due to engine glitch
Reuters
Honda Motor Co. is recalling 22,702 Honda Jade cars and 27,554 Acura CDX crossovers in China, market regulators said on Thursday, because of a cold-climate engine problem that has already forced the recall of hundreds of thousands of vehicles.
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ZF to supply dual pinion steering for 3 major Chinese automakers
Automotive News China
ZF Friedrichshafen has landed contracts this year to supply a dual pinion electric power steering system for three major domestic Chinese automakers. The system will be used in the automakers' compact crossovers and midsize sedans, the German supplier said this week, without identifying the customers.
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 TOP 10 HEADLINES
OF THE LAST WEEK

Behind the sudden decline in China's auto sales

Toyota, Geely exploring joint hybrid vehicle tech

Geely August deliveries surge behind electrified volume, Lynk & CO

Suzuki, citing sluggish sales, unwinds China JV, exits market

Volvo sales advance again behind robust XC60, S90 demand

Grupo Antolin opens headliner plant in Shenyang to supply BMW

China's Tesla wannabe seeks investors to pay for potential

China to curb 'haphazard and redundant' auto investment

Land Rover designer Phil Simmons joins Great Wall

Mercedes, behind China growth in EVs, opens German assault on Tesla



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