CHINA NEWSLETTER July 18 2017
 
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BMW June deliveries rise as small models thrive
Automotive News China
Sales of the BMW and Mini brands in China rose nearly 12 percent year on year to 50,597 vehicles in June as the company enjoyed strong demand for entry-level models. BMW attributed the results to adequate inventories of the X1 small crossover and the successful launch of the 1-Series sedan, which debuted in April at the Shanghai auto show.
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EV deliveries continue surge
Automotive News China
Sales of electric vehicles and plug-in hybrids jumped 33 percent year on year to 59,000 in June as car buyers took advantage of government subsidies. EV deliveries rose for the third straight month after Beijing restored incentives earlier in the year, the China Association of Automobile Manufacturers said.

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VW taps electric Golf to help meet China's EV quota
Automotive News Europe
Volkswagen AG plans to build an electric Golf compact car in China starting next year, using battery cells from a leading Chinese supplier to meet a controversial quota system for EVs. The e-Golf that is currently assembled exclusively at VW's factory in Wolfsburg, Germany, would also be built at a FAW-Volkswagen assembly plant -- most likely in Foshan.
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SAIC-GM-Wuling venture opens Indonesia assembly plant
Automotive News China
SAIC-GM-Wuling Automobile Co., a producer of inexpensive minibuses and entry-level vehicles, opened an assembly plant in Indonesia last week to gain a foothold in the Southeast Asian market. The joint venture's $700 million (4.7 billion yuan) factory is in Cikarang, a city in West Java in Indonesia. The plant will assemble up to 120,000 vehicles a year at full capacity, according to SAIC.
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Dealership stockpiles of Chinese brands rises in June
Automotive News China
The stockpile of Chinese-brand new vehicles on dealership lots jumped to a 71-day supply last month -- up from 57 days in May -- as domestic automakers maintained production levels despite a slowing market. Dealerships that sell vehicles built by Changan Automobile Co. and Chery Automobile posted backlogs of more than 90 days, according to the China Automobile Dealers Association.
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Jaguar to build compact E-Pace crossover in China
Automotive News China
Jaguar Land Rover announced plans to launch production of the all-wheel drive Jaguar E-Pace in China this year to meet local market demand for compact crossovers. The five-seater will be assembled at the automaker's joint venture with Chery Automobile Co. in the east China city of Changshu. It will go on sale in 2018 and is Jaguar's second light truck after the F-Pace.
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Renault quadruples China sales in first six months
Automotive News China
PARIS -- Renault almost quadrupled its China sales year on year to nearly 36,000 vehicles in the first six months, as the locally produced New Koleos crossover enjoyed a strong launch. The French automaker started producing the New Koleos five-seater in China late last year. Through June, the crossover generated sales of 21,000.
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Chinese investors buy Kyoto luxury EV sports car maker
Bloomberg
China's drive to dominate the electric-vehicle market has claimed another overseas target. When Japanese EV startup GLM Co. needed more funds to put its premium sports car into production, domestic backers couldn't muster the financing.The search for an investor ended last week when a Hong Kong-based investment company called O Luxe Holdings agreed to purchase the firm for $113 million (767 million yuan).
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 TOP 10 HEADLINES
OF THE LAST WEEK

Foreign suppliers favor fast-growing Chinese automakers

Light-vehicle sales rebound in June on higher crossover demand

PSA slump drags on as company shakes up partnership

Geely expects profits to double in first six months

Faraday cancels Las Vegas EV assembly plant

London Taxi's new electric cabs to debut next year in Amsterdam

Automakers seek relaxation of quotas on EV sales

China likely to extend EV tax break, group predicts

GM begins exporting Cavalier sedans to Mexico

How Chinese automakers will enter the U.S. -- step by step



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