CHINA NEWSLETTER May 24 2019
 
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U.S. brands are losing ground in China but don't blame Trump
Yang Jian
SHANGHAI -- The Trump administration slapped punitive tariffs on a broad range of Chinese goods in July 2018, inviting retaliation from Beijing. So far this year, America's car brands have lost quite a bit of market share in China. Are the two incidents related?Not at all. U.S. automakers have themselves, not President Donald Trump, to blame for their weak showing as the market cools. Pictured: Yang Jian is managing editor of Automotive News China.
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Nio, GAC unveil joint EV brand
Automotive News China
Electric vehicle startup Nio and state-owned automaker Guangzhou Automobile Group Co. have launched a brand and a concept SUV as part of their joint effort to explore China's EV market. The brand, Hycan, and the concept SUV were unveiled in the east China city of Hangzhou, said the companies' joint venture, GAC Nio New Energy Vehicle Co.
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GAC, citing trade frictions, postpones U.S. sales launch
Bloomberg
Guangzhou Automobile Group Co. is putting the brakes on plans to become the first manufacturer to start selling Chinese-branded light vehicles in the U.S., citing the trade dispute between the world's two biggest economies and distribution "uncertainties."
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Lynk & CO CEO outlines Europe plans for 'wild horse' brand
Douglas A. Bolduc
GOTHENBURG, Sweden -- Lynk & CO is the "wild horse" in parent Zhejiang Geely Holding Group's growing stable of brands, CEO Alain Visser says, because unlike other Geely brands, such as Volvo and Lotus, the company sees itself as a "mobility brand with a car." Visser discussed Lynk & CO's strategy for Europe during the Automotive News Europe Congress.

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Vehicle exports drop for 2nd straight month
Automotive News China
Vehicle exports from China declined for the second consecutive month in April, dealing another blow to domestic Chinese automakers that are the main exporters. Last month, vehicle exports dropped 12 percent year on year to roughly 85,000, according to the China Association of Automobile Manufacturers.
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Daimler plans sweeping review of costs amid change in CEOs
Reuters
Daimler, facing slowing sales in China, sputtering economies in key markets and growing r&d outlays for electric vehicles and autonomous technology, plans a sweeping cost review as CEO Dieter Zetsche stepped down after more than a decade at the helm of luxury carmaker Mercedes-Benz.
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Xi: Get ready for bad times as trade war escalates
Reuters
BEIJING -- China must prepare for difficult times as international relations become increasingly complex, President Xi Jinping warned in comments carried by state media, as the country faces increased tariffs in a bitter trade war with Washington. The two countries are locked in tit-for-tat tariff increases on each other's imports, after talks broke down to resolve the dispute.
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 TOP 10 HEADLINES
OF THE LAST WEEK

How Beijing's campaign to protect the environment is hurting auto sales

BMW sustains robust sales on strength of locally built X3 crossover

EV sales growth slows; plug-in hybrid deliveries pick up

Ford sees profit return in China with local vehicle output

China-Vancouver luxury car trade lures dirty cash

Volvo's Polestar brand intensifies Tesla challenge with 'powerful little beast'

Jaguar Land Rover in uphill battle to revive China operations

Geely opens EV research center in Germany

Light-vehicle sales nosedive 18% in April

Sales at GM's 2 joint ventures plunge



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