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News on the Auto Industry in China

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Delivering returns?

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 ...

Winning over Ohio

Fuyao’s boss is angry about criticism in the US
Jun 30, 2017 (WiC 372)

A few years ago, Fuyao Glass chairman Cao Dewang told a conference that, “if you want to invest in the US, you must love it first”. But over the past few weeks, he has been learning the hard way how the course of true love never does run ...

Why BYD is spinning off its EV battery unit
Jun 9, 2017 (WiC 369)

BYD still wants to ‘build your dream’ (as its acronym promises), just no longer using a vertically integrated business model. Having lost its crown as the world’s biggest electric vehicle (EV) manufacturer by sales during the first quarter ...

Li Shufu’s great car chase

Geely swoops for James Bond carmaker as its bid to go global continues
Jun 2, 2017 (WiC 368)

The cachet of carmaker Lotus likely peaked in 1977 when its Esprit model featured in The Spy Who Loved Me. The sleek white sports car was modified to do all sorts of things for James Bond, such as spraying oil into the path of chasing vehicles. ...

Is LeEco’s extensive “ecosystem” sustainable?
Jun 2, 2017 (WiC 368)

When Jia Yueting unveiled the LeSEE Pro last October, the self-driving electric vehicle LeEco has been developing, the founder of LeEco apologised to the San Francisco audience that the prototype car hadn’t made it to the press conference. ...

Musk coy on Chinese plans

What does Panasonic’s battery move in China mean for Tesla?
May 12, 2017 (WiC 365)

Nevada politician Mark Hutchison recently returned from a business trip to China that plugged his state’s tourist attractions. But what enthused prospective tourists most wasn’t the chance of winning big at a Las Vegas casino or taking a road ...

Reflected glory

Why Volkswagen has invested in Chinese voice recognition unicorn Mobvoi
Apr 21, 2017 (WiC 362)

You may not have come across a ‘smart’ mirror before – unless you are thinking of the one in the Disney classic Snow White. In the contemporary context it is a car rear-view mirror that offers a variety of other services such as ...

Yield or merge?

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 ...

Electrifying prospects

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. ...

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