CHINA NEWSLETTER October 19 2018
 
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Who will follow BMW and gain control of key China operations?
Yang Jian
SHANGHAI -- BWM Group last week signed a deal with Brilliance China Automotive Holdings to increase its stake in their partnership to 75 percent from 50 percent. Who will become the second major global automaker to gain control of its China joint ventures, where ownership has been capped under Chinese government rules at 50 percent? For clues, check out what BMW has done lately in China, because it signals that foreign automakers must execute on two critical fronts before pulling off a similar feat. Pictured: Yang Jian is managing editor of Automotive News China.

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Chinese EV makers, nurtured by state, now look for way out of glut
Reuters
China is using preferential policies and brute manufacturing power to position itself at the forefront of global efforts to electrify transportation. By the end of 2017, ownership of new-energy vehicles -- a category that includes electric vehicles, plug-in hybrids and green alternatives such as fuel cell vehicles -- reached 1.8 million in China, over half the world's total. But not all of the country's EV hopefuls will make it to the finish line.
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Ford Territory crossover part of plan to regain China ground
Reuters
Ford Motor Co. introduced the Territory crossover and said its plan to release a spate of new models will help turn around tumbling sales in the world's top auto market beginning next year.


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Tesla acquires land in Shanghai for EV plant
Automotive News China
Tesla Inc. is spending 973 million yuan ($141 million) for rights to land in suburban Shanghai where it plans to build a plant to produce vehicles for sale in China.
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Renault-Brilliance plans electric vans to buck China slowdown
Reuters
PARIS -- Renault and Chinese partner Brilliance plan to launch three electric delivery vans in two years, seeking to capitalize on robust growth in China's commercial vehicle market and city center driving curbs on combustion engines.
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China's electrified vehicle fleet tops 2.21 million
Automotive News China
China's fleet of electric vehicles and plug-in hybrids topped 2.21 million by the end of September as sales of electrified vehicles continued to surge in the country.
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 TOP 10 HEADLINES
OF THE LAST WEEK

Auto sales post biggest drop in 7 years as growth engine stalls

Trump's trade war casts dark shadow over China

BMW, in 'new era,' to take control of Brilliance JV for $4.2 billion

VW brand sales slump for 4th straight month

Dealers push for tax cut as growth stalls

Tesla zeros in on $145M tract for China plant

Foton offers to sell majority stake in Borgward

Tesla's top outside investor acquires stake in challenger Nio

Daimler, Geely team up on ride-hailing venture

Valeo sees big industry shift to 48-volt systems



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