Archive for the ‘Industry News’ Category

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Strategy: How the Chinese are setting themselves up for success

Published on March 31, 2014 by Matt Gasnier

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Like this fennec fox, Chinese carmakers have been walking against the wind in Africa. And it’s worked.

For the first time in the history of car manufacturing, Chinese carmakers sold 1 million cars outside of China in 2012, and estimates show chances are they have repeated that feat in 2013. Chinese manufacturers are now relying more and more on export markets to boost their bottom-line, especially as conditions have worsened for local passenger cars at home over the last couple of years. However as I described in my article “China: How local brands may finally find their mojo at home“, the Chinese are learning how to sell low-cost overseas and applying these strategies at home, making themselves more competitive in the process.

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Tesla looking for partners in China to build charging network

Published on March 4, 2014 by Tycho de Feijter

Tesla looking for partners in China to build charging network

Tesla hopes to sell big in China and the reception of the high tech Tesla Model S has been very positive (although sales haven’t started yet). However, just like any other electric auto maker in China Tesla is facing one huge obstacle: there are simply no facilities for charging, except for a few experimental stations in faraway suburbs that usually only charge one specific kind of experimental electric car.

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GM expects to sell 10% more cars in China this year

Published on February 21, 2014 by W.E. Ning

GM expects to sell 10% more cars in China this year

GM expects a 10 percent sales jump in China this year, matching its top-range forecast for industrywide growth in the nation, where consumers are buying more cars and the company plans 19 new or refreshed vehicles.

General Motors, the second-largest foreign automaker in China, sees auto sales increase to about 3.5 million this year from 3.16 million in 2013. The company is forecasting an industry-wide sales jump of 8 to 10 percent in the country.

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Wanxiang buys Fisker

Published on February 20, 2014 by Joey Wang

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Wanxiang America Corporation (WAC), a US subsidiary of Wanxiang Group, the largest auto-parts company in China, emerged as the winner of the bankruptcy auction for the assets of hybrid-sports carmaker Fisker Automotive.

Wanxiang’s bid has a value of approximately $149.2 million, representing $126.2 million in cash, $8 million of assumed liabilities and a contribution of common equity in an affiliate designated by Wanxiang to acquire the assets of Fisker, according to a Fisker statement.

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Dongfeng Motor to buy 14% stake in PSA Peugeot Citroen

Published on February 20, 2014 by Joey Wang

Dongfeng Motor to buy 14% stake in PSA Peugeot Citroen

Dongfeng Motor is to pay approximately 800 million euro ($1.1 billion) for a 14% stake in PSA Peugeot Citroen, the leading French carmaker, while the French government is expected to acquire an equal stake.

As a result, Dongfeng Motor, the French government and the Peugeot family will hold the same number of shares in Peugeot. A new committee overseeing Asia development will be created in the supervisory board of Peugeot, to be chaired by a representative of Dongfeng.

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Geely kills all sub-brands and goes back to Geely

Published on February 18, 2014 by W.E. Ning

Geely kills all sub-brands and goes back to Geely

 

Geely Automobile has announced it will kill all sub-brands and go back to the Geely brand. The sub-brands Emgrand, GLEagle, and Englon will die within this year. The sub-brands were born in 2009 as part of a strategy to create more brands and thus more sales. It didn’t turn out that way as Geely didn’t differentiate, selling very similar cars for very similar money, confusing consumers and media alike.

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Ford Taurus will be manufactured in China from 2015

Published on February 18, 2014 by Tycho de Feijter

Ford Taurus will be manufactured in China from 2015

The Ford Taurus will be manufactured in China from 2015 at the Changan-Ford joint venture. The Ford Taurus will have its China-debut on the April 2015 Shanghai Auto Show. Price will range from 300.000 yuan to 450.000 yuan ($50.000 – $75.000). The Taurus will be powered by a 2.0 four-cylinder with 240hp, a 3.5 liter V6 with 365hp, and a new China-only 2.5 liter four-cylinder which will be positioned between the 2.0 and the 3.5.

The Taurus will be the largest China-made Ford sedan so far. The current largest sedan is the Ford Mondeo which is priced from 179.800 yuan to 265.800 yuan. Ford is on a roll in China with sales up 53% in January alone. Ford plans to launch 15 new cars on the Chinese market by 2015, under a master plan creatively called ’1515′.

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Ford sales in China up 53% in January

Published on February 12, 2014 by Tycho de Feijter

Ford sales in China up 53% in January

Ford and its two joint ventures sold 94.466 cars in China in January, up 53% year-on-year. Ford is on a roll in China, in December sales were up 35% and in November 47%. The growth is likely to continue as Ford will launch more cars and will expand its dealer network to third and fourth tier cities.

The most popular Fords in China are the Ford Focus, the Ford Focus Classic, the Ford Mondeo, and the Ford Fiesta. The recently launched Ford Kuga and Ford Ecosport SUV’s have been received very well on the Chinese auto market. Ford operates two joint ventures in China: Changan-Ford for passenger cars and Jiangling-Ford for commercial vehicles and large SUV’s.

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Tesla Model S will cost 198.000 USD in China

Published on January 22, 2014 by W.E. Ning

Tesla Model S will cost 198.000 USD in China

Price of the Tesla Model S Performance in China will start at 1.2 million yuan or 198.000 USD. Price in the United States starts at 94.570 USD (without tax credit or incentives). The Tesla Model S is not liable for any green car subsidies which only apply for China-made automobiles. Sales of the Model S will officially start in June. Tesla will use the Chinese name Tesila (特斯拉).

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Volkswagen CrossBlue will be made in China from 2017

Published on January 21, 2014 by Joey Wang

volkswagen-crossblue-china-1

There have been rumors for a long time, and they are now confirmed by Volkswagen: the Volkswagen CrossBlue will be made in China from 2017 by the FAW-Volkswagen joint venture. The news was confirmed by Zhang Pijie, general manager of the joint venture.

The confirmed story is slightly different than the earlier rumors. The rumors said Shanghai-Volkswagen (the other Volkswagen joint venture in China)  was going to make the Crossblue, and FAW-Volkswagen the CrossBlue Coupe. The rumors also said production was going to start in 2015, but it is going to be two years later.

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