Auto Industry « Week In China - Part 5

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Auto Industry

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Geely deepens integration with Volvo amid IPO spin-off talks
Apr 7, 2017 (WiC 361)

In June 2010 Tesla became the first American car company to go public since Ford Motor’s listing in 1956. Less than seven years later, Tesla’s market value has now surpassed that of Ford, closing at $49 billion on Monday, above Ford’s $46 ...

Tencent, China’s most valuable company, takes a stake in Tesla
Mar 31, 2017 (WiC 360)

After three rounds of races on the Formula E circuit, China’s representative NextEV NIO, stands fourth in the rankings. That will please internet giant Tencent, which has joined Lenovo and Temasek as investors in NIO, a maker of electric cars. ...

Less heralded battery firms mount a challenge
Mar 10, 2017 (WiC 357)

Cars that don’t run on petrol would seem to be less of a fire risk. That should count in Tesla’s favour over the longer term, although the American automaker was red-faced this month after a Model S went up in flames in Shanghai. The electric ...

Tesla’s sales in China badly trail its home market
Jan 27, 2017 (WiC 353)

“The President-elect has a strong emphasis on US manufacturing and so do we,” ventured Tesla’s boss Elon Musk as he showed visitors around his new Gigafactory in Nevada this month. “We’re building the biggest factory in the world right ...

Should foreign carmakers be worried about the outlook of 2017?
Jan 6, 2017 (WiC 350)

“Another tweet about Taiwan [by Donald Trump] and then General Motors (GM) will be in big trouble.” So confided an anonymous European car manufacturer to Forbes in December, flagging its belief about the American company’s vulnerability to ...

Why Volkswagen wants an additional Chinese partner for Audi
Nov 25, 2016 (WiC 347)

Back in 1984, it would have been easy to understand why SAIC Motor Corp was dubious about the sales prospects for Audi. At that point, only 3.2 Chinese in every 1,000 owned a vehicle. The height of their consumer aspirations was a Lada or a ...

Is SAIC’s runaway advertising budget worth it?
Oct 21, 2016 (WiC 343)

Don Draper would love China’s largest carmaker, Shanghai Automotive Industry Corp (SAIC). In the first half of the year it devoted Rmb4.74 billion ($703 million) to advertising its brands. According to ThePaper.cn that not only ranked first ...

China cracks down on subsidy cheats in electric vehicle market
Sep 30, 2016 (WiC 341)

In the US, Judy Garland famously sang one of her most iconic songs atop an electric trolley bus. But while the bell was going “ding ding ding” in the fictional St Louis of 1903, such trolleys had already been silenced by the time the film was ...

FAW to restructure ‘national car’ division as sales sag
Sep 30, 2016 (WiC 341)

The recent G20 meeting in Hangzhou threw up a number of new groupings, but none was quite so unusual as the one formed by Russia, Turkey, the US and Saudi Arabia. While other world leaders chose to keep their host, Xi Jinping, happy by arriving ...

LeEco inks Eco-Park deal to boost its electric car ambitions
Sep 9, 2016 (WiC 339)

Back in January Wang Jianlin impressed onlookers by singing at a staff event held by his company, Dalian Wanda. Belting out rocker Cui Jian’s tune Fake Monk, Wang was surrounded by twirling dancers. The rather provocative lyrics ...

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