CHINA NEWSLETTER May 17 2019
 
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How Beijing's campaign to protect the environment is hurting auto sales
Yang Jian
SHANGHAI -- China's economic growth has shown signs of stabilizing, but new light-vehicle sales have continued to decline, sliding 15 percent year on year to 6.8 million in the first four months. What is prolonging the auto industry's slump? A government official points to China's environment protection campaign as a main culprit. Pictured: Yang Jian is managing editor of Automotive News China.

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BMW sustains robust sales on strength of locally built X3 crossover
Automotive News China
BMW Group's China sales kept gathering steam in April on demand for the BMW X3 crossover built at the automaker's joint venture with Brilliance China Automotive Holdings. Last month, the joint venture delivered 59,169 vehicles under the BMW and Mini brands in China, up 18 percent year on year, the German luxury carmaker said.
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EV sales growth slows; plug-in hybrid deliveries pick up
Automotive News China
Full-electric vehicle sales in China rose at a slower rate in April after Beijing slashed electrified-vehicle subsidies in March. By contrast, plug-in hybrid deliveries remained robust. Last month, EV sales rose 9.6 percent from a year earlier to roughly 71,000, according to the China Association of Automobile Manufacturers. It was the first time monthly EV sales growth dropped to below 10 percent since the Chinese government started subsidizing electrified-vehicle purchases in 2009.
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Ford sees profit return in China with local vehicle output
Bloomberg
Ford Motor Co. will help turn around its money-losing Chinese operations "a lot" once it begins building Lincoln models there this year and the Ford Explorer crossover next year, the company's CFO said. "It's a huge, huge improvement in terms of the business model for each one of those" models built in China, Bob Shanks, retiring as CFO June 1, said at the Goldman Sachs Industrials Conference in New York.
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China-Vancouver luxury car trade lures dirty cash
Natalie Obiko Pearson
In the scheme, buyers overseas use a local nominee to purchase a vehicle for immediate export -- a lucrative trade because a luxury vehicle can cost double in China what it does in North America after a markup by manufacturers and taxes.
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Volvo's Polestar brand intensifies Tesla challenge with 'powerful little beast'
Automotive News Europe
Volvo's Polestar subsidiary has signaled its intention to challenge Tesla's early leadership in the fledgling niche for full-electric premium midsize models. The 402-hp Polestar 2, which CEO Thomas Ingenlath calls a "powerful little beast," will go into production next year. He spoke with Douglas A. Bolduc, managing editor of Automotive News Europe.

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Jaguar Land Rover in uphill battle to revive China operations
Bloomberg
LONDON -- Jaguar Land Rover is battling a saturated market in China as the automaker tries to steady a struggling sales operation that triggered a $4 billion (27.5 billion yuan, at current exchange rates) writedown in February, CEO Ralf Speth said.
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Geely opens EV research center in Germany
Reuters
China's Geely Auto has opened an r&d center in Germany to develop electric vehicles and next-generation mobility technology. The center in Raunheim, near Ruesselsheim, plans to hire 300 engineers, Geely said in a statement.
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 TOP 10 HEADLINES
OF THE LAST WEEK

Vehicles with 48-volt systems poised to thrive despite EV hype

U.S. hikes tariffs on China-made auto parts, other goods

Geely Auto sales fall as volume at mass-market brand softens

Honda sales surge, Nissan deliveries dip in April

JAC pollution control devices face Beijing scrutiny

In Germany, auto suppliers downbeat as China-U.S. trade standoff escalates

Dongfeng-Nissan exec hired to lead Ford brand's sales in Greater China

BMW hikes X3 output in China, U.S., mitigating fallout from tariffs

China's robocars are being lapped by U.S. rivals

FCA integrates production, sales at GAC venture



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