Auto Industry « Week In China - Part 3

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Auto Industry

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Geely swoops on Daimler, securing major stake
Mar 2, 2018 (WiC 399)

“Western wind, Northern tide, when will the worship of foreign might end? Chinese cars, flying high, becoming giant eagles in a-decade-long-strive!” Li Shufu, founder of Zhejiang-based carmaker Geely, penned this verse in 2006, seven ...

Among Tesla’s latest competitors in China is little known start-up Xpeng
Feb 9, 2018 (WiC 397)

Which company produced the world’s best-selling electric vehicle in 2017? Take a cursory glimpse at the headlines in Western newspapers and Tesla might seem the obvious contender, given how often the name crops up. But the US company did ...

Geely’s latest purchase reinforces ambition to be global player
Jan 5, 2018 (WiC 392)

A traditional Chinese proverb advises rich men “let not your wealth be exposed”. Perhaps that is why privacy has become such a concern for Geely’s Li Shufu, who saw his net worth swell almost 10 times the past two years. Speaking at a ...

As Faraday fights for survival, Nio readies for a crucial launch
Dec 8, 2017 (WiC 391)

When it comes to self-promotion, few have mastered the art better than Elon Musk. Last Friday, the billionaire ushered in the festive season with a tweet that propelled both of his two main brands, SpaceX and Tesla, into the ...

South Korean car makers suffer from THAAD row
Dec 8, 2017 (WiC 391)

Battery drain is a bugbear for the smartphone and electric car industries – a problem that technicians are continually trying to solve. But for battery makers in South Korea there’s a new problem: losing the talent capable of solving the ...

Should BMW be embracing Shenyang’s car-sharing club?
Nov 17, 2017 (WiC 388)

Sensual and sexy: two adjectives deemed appropriate for both the Victoria’s Secret models who adorned the catwalk and the new car they were introducing, the all new MG6. On the surface it sounds like the perfect marketing pitch. But for the ...

Great Wall in partnership talks with BMW
Oct 20, 2017 (WiC 384)

Two cars made their debuts in 1959 and both were described as icons of their time. One rolled off the production line in the summer of that year and soon became emblematic of Britain’s Swinging Sixties. It was called the Morris Mini-Minor (in ...

Why foreign giants are rushing to sign JVs to make electric cars in China
Sep 8, 2017 (WiC 379)

Elon Musk’s prediction is that steering wheels will virtually disappear within twenty years, because most people will be transported in autonomous vehicles. “It will be like having a horse,” the Tesla boss explains. “There will be ...

Why Renault’s new van venture only cost Rmb1
Jul 21, 2017 (WiC 375)

An offer to buy half a company for the price of just one yuan (about 15 US cents) would normally get the alarm bells ringing. But in Renault’s case it seems to have been a risk worth taking, after the French carmaker inked a deal with ...

Internet tycoon resigns from LeEco’s listed unit
Jul 14, 2017 (WiC 374)

Commencement speeches are usually meant to give a few encouraging words for graduates heading off into an unknown future. But a US Supreme Court judge did the opposite. Back in June, Chief Justice John Roberts gave a speech at a high school where ...

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