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News on the Auto Industry in China

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Four wheel drive

Can LeTV make electric cars as well?
Jan 30, 2015 (WiC 268)

After months spent elusively overseas, Jia Yueting resurfaced in mid-December. The chairman and chief executive of LeTV, one of China’s most popular online video platforms, had been out of the public eye since June. This quickly led to ...

Musk mystified by China

State Grid opens Beijing to Shanghai charging network, but not to Tesla
Jan 23, 2015 (WiC 267)

Boosters of China’s electric vehicle industry got some welcome news last week. State Grid announced that it had installed 50 new charging stations, which now makes it possible to drive a battery-powered car between Beijing and ...

Bust your dream

Is BYD still overvalued after brutal sell-off?
Jan 9, 2015 (WiC 265)

For investors it wasn’t so much a case of “Build Your Dreams” as watch them shatter when BYD’s share price suddenly collapsed on December 18. The Hong Kong-listed group – which manufactures cars and rechargeable batteries – slid 46% ...

VW’s part exchange offer

Volkswagen still hoping for better terms in share split with China partner
Nov 7, 2014 (WiC 259)

"I am the Chinese Machine Building Minister and I would like to speak to somebody in charge,” the Mao-suited official informed an astonished gatekeeper at Volkswagen’s head office in Wolfsburg. It was 1978 and the beginning of the first ...

Austerity drive slows Aston Martin dealers down
Oct 31, 2014 (WiC 258)

The last time that auto distributor Pang Da made headlines was in 2011 when it put in a $131 million bid for the ailing carmaker Saab. It called off the deal after a Swedish court declared Saab bankrupt. Saab’s assets were later bought out of ...

Screeching to a halt?

Some of the world’s biggest carmakers are probed by Chinese regulators
Aug 22, 2014 (WiC 249)

As a self-professed “nut on China” (“When I’m talking to GE managers, I talk China, China, China, China, China”), General Electric’s boss Jeff Immelt was a trifle embarrassed when a less positive remark leaked out four years ...

Why carmaker Xiali is gushing red ink
Jul 25, 2014 (WiC 247)

There are not many Chinese carmakers that can boast their share price is up 80% this year. In fact Kandi Technologies even saw its stock surge 10% on Monday alone. The local maker of electric vehicles got a boost that day from headlines about ...

Can a Sino-German pact win the standards war for electric vehicles?
Jul 18, 2014 (WiC 246)

"Second class firms sell their brands. The best ones set the standards.” The origin of the phrase is unknown but it has become business doctrine. The struggle to impose an international standard usually coincides with the emergence of new ...

The Wanxiang way

Hard-driving tycoon wants to dominate electric car industry
Jun 27, 2014 (WiC 243)

In 1968 American author Philip K Dick wrote a sci-fi thriller that became a cult classic. The novel was called Do Androids Dream of Electric Sheep and it portrayed a world so polluted that governments were sending people to live on Mars ...

Homegrown cars lose out to foreign rivals
Jun 20, 2014 (WiC 242)

When foreign carmakers like GM and Volkswagen were first allowed to set up shop in China, they were forced to partner with local manufacturers. The longer-term goal was to encourage the production of locally-designed cars. But the plan has ...

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