CHINA NEWSLETTER December 7 2018
 
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Chinese brands seek to crack Western Europe with EVs
Yang Jian
SHANGHAI -- No Chinese brand has succeeded in distributing vehicles in Western Europe, but that may soon change as several Chinese companies are preparing to crack the market with electric vehicles. Great Wall Motor Co., for example, expects to launch electric car sales in Western Europe in late 2020 or 2021. Pictured: Yang Jian is managing editor of Automotive News China.
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Audi, Volvo sales edge higher as economy slows
Automotive News China
Audi's and Volvo's China deliveries rose slightly in November amid a slowing Chinese economy. Audi's China sales climbed 2.8 percent year on year to 57,550 vehicles on demand for imports, while Volvo's China deliveries inched up 1.7 percent to 11,450 on the strength of two locally built models, the XC60 and S90.
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Carmakers must report 2019 fuel economy, carbon credit estimates
Automotive News China
Many automakers selling passenger vehicles in China have until Dec. 20 to report their estimated 2019 fleetwide fuel economy and the number of carbon credits they expect their electrified vehicles to generate next year. The requirement, posted on the Ministry of Industry and Information Technology's website, affects companies with annual production or imports in China totaling 30,000 or more vehicles.
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BYD plans battery IPO amid electric-car boom
Bloomberg
Chinese automaker BYD Co. plans to list its battery business by 2022 to raise funds to expand as the global auto industry transitions away from the traditional combustion engine. The listing will occur by the end of 2022 and the company hasn't decided yet where the shares will be trading, Chairman Wang Chuanfu said in an interview at BYD's headquarters in Shenzhen.
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Daimler weighs a larger stake in BAIC joint venture, sources say
Bloomberg
Daimler has raised the prospect of boosting its stake in a joint venture with Chinese partner BAIC Motor Corp., according to people familiar with the discussions, as the luxury-car maker seeks to gain more control over its operations in the world's largest car market.
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Tesla seeks bids for China Gigafactory construction
Reuters
SHANGHAI -- Tesla Inc. has begun seeking bids to build its Shanghai Gigafactory and at least one contractor has started buying materials, according to sources and documents reviewed by Reuters, the clearest indication that construction is imminent.
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Nio on track to deliver 10,000 vehicles in 2018
Automotive News China
Electric vehicle startup Nio is on target to sell 10,000 vehicles this year after launching sales of its first product, the seven-seat ES8 crossover, in June. In November, it delivered 3,089 ES8s, surging 96 percent from October, Nio said. The ES8 has a starting price of 448,000 yuan ($65,211).
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Byton bullish about 2019 electric SUV production
Pete Bigelow
LOS ANGELES -- In many ways, the story of Byton sounds like so many fledgling automotive companies backed by Chinese investors. But while some competitors struggle to reach production, Byton CEO Carsten Breitfeld says the plans his company outlined after its 2016 founding remain firmly on course. The company plans to begin building an electric SUV next year in Nanjing.
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U.S.-China trade conflict hurts German auto sector
Reuters
A trade spat between the United States and China is leaving its mark on Germany's automotive sector with the number of new vehicles in China expected to fall this year, the VDA industry association said.

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 TOP 10 HEADLINES
OF THE LAST WEEK

Market downturn exposes excess capacity facing automakers

U.S. explores tools to raise tariffs on Chinese auto imports

Ford accelerates push to build Lincolns in China

Lincoln backs off 2020 sales target as China tariffs sting

VW's Seat brand to develop electric car platform in China with JAC

Pininfarina, behind surge in clients, expanding China design team

Brose launches output at 1.4 billion yuan Taicang plant

Chinese-owned Borgward plans SUV sales in the U.K., Ireland

China imports expected to extend decline in 2019

Toyota: China sales growth to top 8.5% in 2018



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