CHINA NEWSLETTER January 10 2017
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Global automakers' 2016 China sales vroom; dull 2017 looms
BEIJING -- Global automakers reported a surge in China sales last year as consumers rushed to take advantage of a tax cut on small-engine vehicles, but cautioned that 2017 would be tougher for the industry as the incentive is rolled back and the broader economy slows. Toyota Motor Corp., Ford Motor Co. and Nissan Motor Co. on Friday each reported sales growth of 8 percent or better for 2016 from a year earlier, although Honda Motor Co. led the pack with a 24 percent growth.
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GM sales rise 7.1% in 2016 behind Cadillac, Buick and Baojun gains
Automotive News China
SHANGHAI -- General Motors' China deliveries increased 7.1 percent year on year to top 3.87 million vehicles in 2016 as strong sales of the Cadillac, Buick and Baojun brands more than offset weak deliveries at Chevrolet and Wuling. Despite an overall gain for the year, GM may have lost share in the Chinese light-vehicle market. In the first 11 months of 2016, China's light-vehicle sales advanced 16 percent from a year earlier to approach 21.7 million.
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Ford deliveries jump 14% for the year on demand for locally built vehicles
Automotive News China
SHANGHAI -- Ford Motor Co.'s China deliveries advanced 14 percent year on year to exceed 1.27 million vehicles in 2016 on volumes generated by locally produced Ford-badged vehicles as well as imported Lincoln models. During the year, Changan Ford Automobile Co., Ford's passenger-vehicle joint venture, sold 957,495 vehicles, up 14 percent from 2015.
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Geely targets 31% sales growth in 2017
Automotive News China
Geely Automobile Holdings aims to sell 1 million vehicles globally this year, up 31 percent from 2016. The private Chinese carmaker expects to maintain robust growth recorded last year. In 2016, Geely's deliveries surged 50 percent year on year to 765,851 vehicles on strong demand for four new models.
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China fines GM 201 million yuan for monopolistic pricing
BEIJING -- China will fine General Motors' joint venture 201 million yuan ($29 million) for monopolistic pricing, state TV reported, ending speculation after an official earlier warned of penalties against an unnamed U.S. carmaker. Shanghai's pricing regulator said it would fine GM's joint venture with SAIC Motor Corp. for setting minimum prices on certain Cadillac, Chevy and Buick models, according to China Central Television.
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China tightens eligibility rules for electric-car subsidies
China will impose stricter standards and cut subsidies for manufacturers of electric cars in a move to weed out companies that lack the ability to produce quality products. The government has raised the technology threshold for makers of battery-electric vehicles, plug-in hybrids and fuel cell cars by setting standards for energy consumption and range, according to a statement posted by the Ministry of Finance on its website.
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GM moving forward on sale of Indian car plant to China's SAIC
NEW DELHI -- A subsidiary of China's top carmaker SAIC Motor Corp. plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday. The assets, which could give the Chinese automaker a toehold in the Indian car market, will be acquired via an Indian subsidiary of SAIC that is yet to be incorporated, according to the filing with the Competition Commission of India.
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Chinese ride-hailing company Didi invests in Brazilian counterpart
Automotive News China
Didi Chuxing, China's largest ride-hailing company, has invested in its Brazilian counterpart 99 in a bid to explore the global market. The undisclosed investment is part of a strategic partnership the two companies signed last week, Didi said.
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How China dealer association resolved Audi's dealer crisis

Tesla deal boosts Chinese presence in U.S. auto tech

Chery's second EV plant to open in May in Dezhou, report says

Nissan to feature Navara midsize pickup, VMotion 2.0 concept sedan

Mitsubishi-GAC venture to build engines in Changsha

Skoda to preview self-driving, EV tech with Vision E concept

Mazda small crossover, roadster to make China debuts

Chinese tech giant Tencent takes 5% stake in Tesla

Hyundai suspends output at China plant amid diplomatic spat

Great Wall profits jump 31% in 2016 on SUV surge

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