Auto Industry « Week In China - Part 5

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Auto Industry

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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 ...

Gree’s acquisition is a big bet on new energy cars
Sep 2, 2016 (WiC 338)

Back in March, Dong Mingzhu, the formidable boss of Gree, China’s largest air conditioning manufacturer said her firm was purchasing a fellow Zhuhai-based company, the electric car manufacturer, Yinlong New Energy, plus its troubled ...

Why BMW’s first electric sub-brand has failed to spark in China
Aug 26, 2016 (WiC 337)

The US may have trounced China in the Olympic medal tables, but when it comes to electric cars, the Chinese are a few laps ahead at the track. During the first half of the year, China increased its lead over the US, with sales of 170,000 new ...

Investor Francois Perrin warns China’s electric car battery boom could bust
Jul 15, 2016 (WiC 333)

Shenzhen, on a Friday morning, a couple of weeks ago. We are visiting BYD’s new electric vehicle battery production plant, the largest EV battery plant in China. With 10GWh of designed production capacity and Rmb6 billion ($897 million) of ...

Can solar cars recharge Hanergy?
Jul 15, 2016 (WiC 333)

He famously took on the National Development and Reform Commission (NDRC) when it tried to block his purchase of a hydropower station and won. Last May, Hong Kong’s Securities and Futures Commission (SFC) took him on over allegations of share ...

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