CHINA NEWSLETTER April 16 2019
 
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New-car market contraction slows in March
Automotive News China
China's new light-vehicle market continued to decline in March but at a slower rate than recent months, the China Association of Automobile Manufacturers said. Sales dropped 6.9 percent to 2.02 million last month after slumping 17 percent in the first two months, according to the trade group.
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VW Group sales continue to decline on weak VW, Skoda results
Automotive News China
Volkswagen Group's sales in China, its largest market, dropped for the eighth consecutive month in March, falling 9.4 percent to 324,900. The German auto giant's sales continue to be dragged down by the VW and Skoda brands.
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China's $18 billion EV bubble at risk of bursting
Reuters
There are 486 electric vehicle manufacturers registered in China, more than triple the number from two years ago. While sales of EVs are projected to reach a record 1.6 million in 2019, that's likely not enough to keep assembly lines humming, prompting warnings that the country's ballooning EV market could burst and leave behind only a few survivors.
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SHANGHAI AUTO SHOW
VW plans for Tesla-fighting electric crossover
Christiaan Hetzner
SHANGHAI -- Volkswagen plans to launch a flagship full-electric crossover based on the ID Roomzz concept unveiled here Sunday. The production version will be a three-row, seven-seat model that will compete against large electric crossovers such as the Tesla Model X.
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SHANGHAI AUTO SHOW
Mercedes goes boxy with new baby crossover
Urvaksh Karkaria
SHANGHAI -- Mercedes-Benz is carving out yet another niche in the burgeoning crossover market with a small people mover -- this one styled like a traditional SUV -- underscoring the rapid fragmentation of the segment and a practice once common in the car market. The German luxury automaker introduced the concept GLB -- a MFA2 platform companion to the GLA -- on the eve of the Shanghai auto show.
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VW: China to become global software development hub for AV tech
Reuters
SHANGHAI -- Volkswagen will use Chinese software developers to help design a global autonomous vehicle architecture thanks to the prevalence of qualified programmers whom carmakers are struggling to hire elsewhere, senior executives said.
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Honda opens 7th assembly plant amid market share gains
Automotive News China
Honda Motor Co. launched output at a new assembly plant in the central China city of Wuhan, easing a bottleneck in production as the automaker continues to gain market share in the country. The 3 billion yuan ($448 million) factory is Honda's seventh in China.
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Buick focuses on utility and electrification in Shanghai
Hans Greimel
SHANGHAI -- Buick unwrapped the next-generation Encore small crossover and a derivative model dubbed Encore GX for China, as well as the brand's first electric offering, the Velite 6 MAV. MAV stands for multiactivity vehicle and is Buick's effort to carve out a new segment.
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Toyota sells EV tech to Chinese startup Singulato
Reuters
BEIJING -- Toyota Motor Corp. agreed to sell electric vehicle technology to Singulato, its first deal with a Chinese EV startup, allowing the fledgling company to speed up development of a planned mini EV. In return, Toyota will have preferential rights to purchase green-car credits that Singulato will generate under China's new quota system for EV and plug-in hybrid vehicles.
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Automotive Energy Supply targets EV makers with first China battery plant
Bloomberg
The battery maker for Nissan Motor Co.'s Leaf electric vehicle is adding a factory in China to more than triple global capacity and lure more customers in the world's biggest EV market. Automotive Energy Supply Corp. began construction of the factory in Wuxi in China's eastern Jiangsu province this year with a planned annual capacity of 20 gigawatt-hours, enough to power 400,000 EVs a year, said Zhang Lei, CEO of Envision Group.
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 TOP 10 HEADLINES
OF THE LAST WEEK

Why VW may become 2nd foreign automaker to gain control of China JV

GM's 2 joint ventures see sales decline again

Geely, Great Wall, BYD sales climb in March

VW eyes buying big stake in China partner JAC, report says

U.S.-China trade war reroutes U.S. import flows

Geely launches electric vehicle brand Geometry

BYD, worried about nickel supplies, welcomes JV talks

Infiniti to introduce Chinese-built EV in 3 years

Bosch sees China downturn extending into 2019

Volvo explores closer ties with shareholder Geely in China



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