CHINA NEWSLETTER March 15 2019
 
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Chinese automakers renew drive to go global
Yang Jian
SHANGHAI -- Over the past decade, Chinese carmakers' exports to emerging markets have thinned to a trickle after key regions such as Russia, Brazil, North Africa and the Middle East encountered economic or social instability. Now equipped with better technology and a new generation of products, Chinese car brands are regrouping to expand overseas by targeting Europe and a select group of major emerging markets. Pictured: Yang Jian is managing editor of Automotive News China.
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Sales decline accelerates at GM's 2 joint ventures
Automotive News China
General Motors is losing market share in China, with its two local joint ventures posting steeper sales declines last month. Deliveries at SAIC-GM, GM's passenger vehicle joint venture with SAIC Motor Corp., slumped 21 percent to 97,177 in February while sales at SAIC-GM-Wuling, GM's light-vehicle partnership with SAIC, dropped 36 percent to 99,012.
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Audi mulls hiking stake in FAW, SAIC joint ventures
Reuters
INGOLSTADT, Germany -- Audi is reviewing whether to raise its stake in its Chinese joint ventures, the premium brand's China chief, Alexander Seitz, said on Thursday. China, as part of broader market reforms initiated in 2018, has relaxed restrictions on how much foreign automakers can invest in Chinese joint ventures.
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BMW, Audi gain; Mercedes Feb. sales dip
Automotive News China
Audi and BMW Group posted sales gains last month, when overall industry volume dipped amid weaker demand during the Chinese New Year holiday, but Mercedes-Benz volume dipped.

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China's new investment law looms over foreign automakers
Bloomberg
China plans to approve new rules for foreign investment in the country this week, a sweeping overhaul of regulations that will affect corporate titans from Ford to Alibaba and Tencent. Key pillars of the new law will remove a major threat to investors in China's massive technology sector, while putting thousands of overseas companies on notice they may need to renegotiate joint ventures in China.
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GM to launch 9 locally produced electrified vehicles in next 5 years
Automotive News China
SAIC-GM will introduce nine locally built plug-in hybrid and electric vehicles in China from 2019 to 2023 to meet regulatory requirements that seek to reduce emissions. The vehicles are part of 60 new and freshened models SAIC-GM plans to launch in China during the period.

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Ford, Changan slump drags into 2019
Automotive News China
Changan Ford Automobile Co., Ford's passenger vehicle partnership in China, continues to suffer from falling sales. After plunging 70 percent in January, Changan Ford's sales plummeted 81 percent to 6,799 in February, according to its Chinese shareholder, Changan Automobile Co.
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China customs lifts suspension on Tesla Model 3 imports
Reuters
BEIJING -- China's customs authority lifted a suspension on imports of Tesla's Model 3, an official in the authority's news department said Thursday. "We can confirm that the warning notice on Tesla has been canceled," said the official, who only gave his surname as Tao.
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Volvo dividend to aid coffers of debt-laden Geely
Reuters
Volvo Cars will pay a dividend of 2.0 billion yuan (2.9 billion Swedish crowns and $311 million) after record sales in 2018, with almost all of it slated to boost the coffers of its debt-laden Chinese parent, Geely Automobiles.
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 TOP 10 HEADLINES
OF THE LAST WEEK

For Beijing, more to do to unshackle vehicle sales, services

Volvo's Polestar 2 rollout threatened by China, U.S. trade dispute

BMW plan to export EVs from China on hold amid trade talks

BAIC sets sights on Europe with electric supercar, crossover

Nissan, Honda sales dip in February

Dongfeng-PSA venture's 2018 loss balloons as sales plunge

Hyundai may suspend output at China plant as slowdown bites

China agrees to Tesla remedy for Model 3 customs dispute, report says

Nio warns of lower Q1 sales, scraps Shanghai plant

Renesas, citing lower China demand, to halt chip output for 2 months



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