Didi Chuxing and What’s Missing
While the global car sharing market is anticipated to grow 34 percent annually between 2017 and 2024, the rate is expected to be 40 percent in China.
Gary S. Vasilash
Editor-in-Chief, AutoBeat Group
New Toyota JV Targets Fuel Cell Trucks in China
Commercial vehicles could be the right application for fledgling technology
Renault Yanks Car Brand Out of China
Pivot will better align Renualt’s expertise in EVs and light commercial vehicles with transportation trends in China, driven by urbanization, inner city transportation, and electrified commercial delivery.
PSA, Fiat Chrysler Agree to Merge
The auto industry contemplates its biggest merger ever, as Fiat Chrysler Automobiles and PSA Group formally agree to $47 billion deal.
Report: Dongfeng to Cut Stake in PSA
Dongfeng Motor Group will reduce its stake in PSA Group to help the French carmaker clear U.S. regulatory hurdles ahead of a planned merger with Fiat Chrysler Automobiles.
Nissan’s New CEO Touts Realistic Growth Goals
Makoto Uchida, who took over as CEO at Nissan Motor Co. today, says he aims to revive the company with new products and help from its 20-year-old alliance with Renault SA.
Byton: Electric, Level 3 and Conceptual—For Now
Unveiled at CES 2018, the Byton electric vehicle will have Level 3 autonomous capabilities at launch in 2019 and then will be able to have Level 4 integrated about a year later.
Report: SKI Plans 2nd EV Battery Plant in China
South Korea’s SK Innovation Co. plans to construct a $1.1 billion battery plant in Yancheng, China.
PSA Confirms Sale of Stake in Changan Venture
PSA Group confirms it is selling its 50% stake in a carmaking venture with China’s Changan Automobile Group.
How Will GM Lawsuit Impact FCA-PSA Merger?
The racketeering lawsuit General Motors filed this week against Fiat Chrysler Automobiles could rattle the merger FCA hopes to complete with PSA Group by year-end.
PSA, Changan to End Chinese Venture
PSA Group says its struggling joint venture with China’s Changan Automobile Group will be dissolved.
Nissan Names New Leadership Team
Nissan Motor Co.’s board has chosen Makoto Uchida, a senior vice president and former head of the company’s China operations, to take over as CEO.
PSA, Dongfeng Finalize Plan to Restructure JV
PSA Group says it is launching a restructuring plan for its 27-year-old carmaking venture with Dongfeng Motor Group in Wuhan, China, to cut costs and boost sales.
Nissan and Mitsubishi: Is This the Start of Something Big?
There is the old saw that things happen in threes. Is this the first of the series?
PSA-Dongfeng Venture to Close 2 Plants in China
PSA Group and Dongfeng Motor Group plan to close two of their four joint-venture assembly plants in China and dismiss half the venture’s employees.
Report: Dongfeng Motor May Sell PSA Stake
Dongfeng Motor Group reportedly is pondering the sale of some or all of its €2.2 billion ($2.5 billion) stake in PSA Group.
Chinese Startup Readies Luxury EV
Chinese electric vehicle startup Human Horizons (HH) plans to debut its first vehicle, the HiPhi 1, in early 2021.
Renault Launches EV Venture in China
Renault SA is investing in its 50:50 venture with Jiangling Motors Corp. to develop and build electric vehicles in China.
Nissan Names New U.S. Sales Chief
Nissan Motor Co. has chosen Airton Cousseau, managing director of its China venture with Dongfeng Motor Co., to take over U.S. sales and marketing on June 1.
Honda Says Its Sales in China Will Top U.S. by 2022
Honda Motor Co. CEO Takahiro Hachigo tells reporters the company’s car sales in China are likely to match U.S. demand in 2-3 years.
Looking East
The best-selling passenger car in China is the Volkswagen Lavida.
Gary S. Vasilash
Editor-in-Chief, AutoBeat Group
Report: Nissan Expects 8% Drop in Future Sales in China
Nissan Motor Co. now expects its China venture with Dongfeng Motor Corp. will sell 2.39 million vehicles in 2022, down 8% from its estimate late last year, sources tell Bloomberg News.
Maxion, Dongfeng Form China Aluminum Wheel JV
Germany’s Maxion Wheels is forming a joint venture in China with Dongfeng Motor Parts and Components Group to build aluminum wheels for the local market.
PSA Names New Chief for China Operations
PSA Group has named Massimo Roserba, formerly CEO of its Italian operations, to head its joint venture in China.
Renault Partners with Third Chinese EV Maker
Renault SA has agreed to buy a “significant” stake in Jiangling Motors Co.’s JMEV electric vehicle unit.
Nissan to Repatriate $1.1 Billion Cash from China Unit
Nissan Motor Co. reportedly will repatriate 7.5 billion yuan ($1.1 billion) from its joint venture in China as tensions rise with alliance partner Renault SA.
Domestic Brands Suffer as China Car Sales Sink
China’s domestic carmakers are taking the brunt of the country’s new-car sales slump, according to The Nikkei.
