CHINA NEWSLETTER June 11 2019
 
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Geely sales slump for 2nd straight month
Automotive News China
Geely Automobile Holdings, the largest domestic Chinese carmaker, reported sharply lower sales for the second consecutive month in May after posting a mild rebound in March. Last month, combined sales of its Geely mass-market marque and Lynk & CO premium brand fell 27 percent from a year earlier to 90,309 as it continued to reduce high inventories for its dealers, Geely Auto said.
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Ford to launch first EV in second half
Automotive News China
Ford Motor Co. is set to start selling its first electric vehicle in China in the second half of the year. The EV is the battery-powered version of the Ford Territory compact crossover. It has a range of 360 kilometers (224 miles) on one charge, Ford said.
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Industry group urges domestic provinces against rush to enact tougher emission standards
Automotive News China
China Association of Automobile Manufacturers, a government-backed industry body, has called on domestic provinces that haven't adopted State 6 vehicle emission standards not to enact the new standards ahead of schedule. A wider adoption of the new standards, equivalent to Euro 6 rules, in China would make more consumers reluctant to buy new vehicles and aggravate inventory pressure for car dealers, the association warned in an open letter.
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Toyota speeds up electrified vehicle schedule as demand heats up
Hans Greimel
Toyota aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated shift to electricity-powered vehicles, notably in China and Europe.
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BYD deliveries slide despite robust EV demand
Automotive News China
Sales at BYD Co., China's largest electrified vehicle manufacturer, dropped 10 percent to 33,920 in May, marking the first monthly decline the company has recorded this year. Weaker deliveries of gasoline-powered vehicles more than offset robust demand for BYD's full-electric vehicles and plug-in hybrids.

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Mazda, Mitsubishi suffer steep sales declines
Automotive News China
Sales in China for two small Japanese automakers, Mazda Motor Corp. and Mitsubishi Motors Corp., tumbled sharply in May. Mazda deliveries slumped 29 percent year on year to 17,385. It was the brand's 13th straight monthly sales decline, according to numbers disclosed by Mazda's China office.Mitsubishi deliveries contracted for the second straight month, dropping 21 percent to 10,012 in May, according to its joint venture partner GAC Motor Co.
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Trump: China will make trade deal, but tariffs ready
Reuters
WASHINGTON -- U.S. President Donald Trump threatened to raise tariffs on China again if President Xi Jinping doesn't meet with him at the upcoming Group of 20 summit in Japan. Trump, indicating he expected China to reach a deal, said in an interview with CNBC that tariffs on about $300 billion in Chinese goods would be enacted immediately if they don't reach a pact at the summit this month.
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 TOP 10 HEADLINES
OF THE LAST WEEK

Beijing may regret retaliating against U.S. automakers

China measures to spur vehicle sales fall short of expectations

China moves to prevent a crash in booming EV market

U.S. rejects GM, Volvo requests for tariff relief on China-made vehicles

Ford's car venture fined for controlling retail prices

Great Wall begins output at $500 million Russia plant

Honda Motor extends sales upswing for third straight month; Nissan brand deliveries slide

Volvo sales continue to advance behind locally built XC60, S90

China slaps Changan Ford JV with fine for antitrust violations

Two major cities relax limits on new-vehicle sales



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