Auto Industry « Week In China - Part 3

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Auto Industry

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Buffett’s BYD and Arsenal football club are fooled by a fraudster
Jul 27, 2018 (WiC 419)

Most fans know the north London football club Arsenal as the Gunners but some supporters prefer the Gooners, a nickname said to derive from a group of hooligans that wreaked havoc in the 1980s. This second name seemed more appropriate this ...

Why a 1% stake in Volkswagen’s China JV offers Audi a new route
Jul 6, 2018 (WiC 416)

It’s an all too familiar tale and one that WiC has relayed many times over the years. A company’s long-standing boss is arrested and thrown in jail for suspected fraud, leaving his firm with crippling fines for its misdemeanours. But this ...

Evergrande deal gives electric carmaker Faraday a new lease of life
Jul 6, 2018 (WiC 416)

I think we just became a real car company” was the message from Elon Musk last Sunday as Tesla finally hit its target of making 5,000 of its ‘mass market’ Model 3s in a week. He was celebrating in an email to staff after longstanding ...

Didi Chuxing rocked by passenger’s murder
May 18, 2018 (WiC 409)

A wit on Twitter recently coined the phrase “Chabuduo-wellian” to describe artificial intelligence’s security usages in China (chabuduo means half-baked). The term was inspired by New York Times technology writer Paul Mozur’s ...

Big names like Tencent and Evergrande prepared to take a punt on LeEco
Apr 27, 2018 (WiC 406)

If hard times reveal true friends, there is no better time to cement loyalties than when people run into financial trouble. It is well-documented that Tung Chee-hwa’s shipping line stayed afloat in the 1980s with timely support from the ...

Ownership changes could trigger big Tesla move
Apr 20, 2018 (WiC 405)

Tesla’s boss Elon Musk has come round to the view that human workers are underrated – a consequence of his having endured multiple challenges getting his automated production line to build his company’s new Model 3 car. It makes for an ...

Battery maker CATL jumps IPO queue to fund production expansion
Apr 13, 2018 (WiC 404)

Coming after a year of frenetic fundraising in 2017, China’s IPO market saw far fewer new listings in the first quarter this year – suggesting that Beijing’s perennial balancing act between pursuing growth and managing financial risks had ...

More electric car start-ups
Apr 13, 2018 (WiC 404)

China has no shortage of electric vehicle (EV) brands and they all seem to have seized on the word ‘future’ in their marketing. But what’s the line-up in the EV sector in the present day? One of the earliest manufacturers to showcase a ...

Tencent seems set to take the wheel in second-hand car shake-up
Apr 6, 2018 (WiC 403)

The suits are loud and the hard sell never stops until customers open their wallets. Such is the stereotype of the second-hand car salesman (always a man) in the Western world. It is an image stuck firmly in the 1970s, when check and plaid ruled ...

Qingdao Doublestar set to take control of South Korea’s Kumho Tire
Mar 16, 2018 (WiC 401)

When ChemChina purchased Italian tyre maker Pirelli in 2015, there was anxiety in Italy about passing one of its best-known brands into Chinese hands (see WiC275). The fears never subsided. But when ChemChina returned Pirelli to the Milan stock ...

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