CHINA NEWSLETTER January 15 2019
 
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China's new light-vehicle sales fall 16% in December, 4.1% in 2018
Automotive News China
New light-vehicle deliveries in China declined in December for the sixth straight month, slumping 16 percent from a year earlier to roughly 2,233,100. For the year, new light-vehicle sales totaled 23.7 million, decreasing 4.1 percent from 2017, according to the China Association of Automobile Manufacturers.
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VW Group's 2018 deliveries edge up despite weak VW brand volume
Automotive News China
Volkswagen Group's deliveries in China inched up 0.5 percent year on year to 4.21 million vehicles in 2018, as gains by Audi, Porsche and Skoda more than offset a loss by VW brand.
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Bumpy ride ahead for automakers after tough 2018
Reuters
Carmakers in China are bracing for zero to tepid growth in sales this year, after a tough 2018 when the world's top auto market probably contracted for the first time in two decades, as slowing economic growth drags on demand.
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Ford deliveries slump 37% in 2018 on dismal car demand
Automotive News China
Ford Motor Co.'s deliveries in China last year plunged 37 percent from a year earlier to 752,243. Leading the company's sales slump was its passenger vehicle joint venture in China, Changan Ford, which builds and markets Ford brand sedans and crossovers.
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BMW's December China sales growth outpaces Audi, Mercedes-Benz
Automotive News China
BMW Group, the third-largest luxury vehicle seller in China, posted a 21 percent year-on-year sales increase in December, outpacing the growth of German rivals Audi and Mercedes-Benz in the market.
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Geely denies report it sold Daimler shares
Reuters
Geely Group said it has not sold any shares in Daimler, denying a Bloomberg report that the Chinese company has slashed its 9.7 percent stake in the German carmaker by more than half. "As a long-term investor, Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged," a Hangzhou spokesman for Geely said.
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LG Chem to spend $1.07B to expand battery plants in China
Reuters
SEOUL -- South Korea's LG Chem plans to invest 1.2 trillion won ($1.07 billion) to expand two battery plants in China by 2020 in a bid to meet rising global demand. Under the investment plan, LG Chem will spend 600 billion won each at an electric vehicle battery plant and a small-sized battery plant in Nanjing, the company said in a statement.
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 TOP 10 HEADLINES
OF THE LAST WEEK

Regulatory chaos, confusion reign over EV market

GM China sales fall 9.9% in 2018

China to cut taxes, fees for manufacturers in 2019

Beijing mulls policies to encourage auto purchases in rural China

VW, China spearhead $300 billion global drive to electrify cars

VW plans China venture for charging EVs

Audi taps Infiniti's China chief to lead local sales

China wants Elon Musk to help promote stable ties with U.S.

Foton to sell 67% stake in Borgward to ride-hailing company, consultant

Byton seeks to raise $500 million



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