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Automotive News China Email, September 5 2016
September 5, 2016
Automotive News China Newsletter
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GM deliveries rise 18% in August on Cadillac, Buick and Baojun volumes
Automotive News China
SHANGHAI -- General Motors' China deliveries rose 18 percent year on year to 293,537 vehicles in August on strong demand for the Cadillac, Buick and Baojun brands. Cadillac sales soared 93 percent from a year earlier to 9,914 vehicles on volumes generated by the XTS sedan, the long-wheelbase ATS-L sedan and the XT5 crossover. Buick deliveries jumped 23 percent to 94,188 vehicles, led by the Excelle GT sedan, the Verano sedan and the Envision crossover.
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Honda sales top Toyota, Nissan in August
Automotive News China
Honda Motor Co. sold 106,663 vehicles in China last month, an increase of 36 percent from a year earlier. The automaker outsold both Japanese rivals Toyota Motor Corp. and Nissan Motor Co., traditionally Japan's top-selling automakers in China. In August, Nissan deliveries rose 17 percent to 103,800 vehicles, while Toyota sales increased 1.8 percent to 95,900.
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 TOP HEADLINES OF THE LAST WEEK
VW to build pickups with JAC in China, report says

GAC profit soars 127% in first 6 months on strong vehicle sales

Audi may offer hourly car rentals in Beijing

Stretched Jaguar XF goes on sale in China

China carmakers urge foreign ownership cap to remain for 5 years
Bloomberg
China should keep the 50 percent cap on foreign ownership in local passenger-vehicle joint ventures for at least another five to eight years to ensure Chinese carmakers are ready for full-fledged competition, according to the state-backed auto association.
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Chinese consumers embrace credit to finance car purchases
Reuters
BEIJING -- Chinese households, traditional savers with an aversion to debt, are warming to the idea of borrowing to buy a car, as automakers push financing deals to boost sales. Nearly 30 percent of Chinese car buyers bought on credit last year, up from 18 percent in 2013, according to analysts from Sanford C. Bernstein and Deloitte.
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Volvo to export Chinese-built S90 sedan to Europe, U.S.
Automotive News China
Volvo Car Corp. will export the Chinese-built, long-wheelbase S90 sedan to Europe and the United States while offering it in the Chinese market. The stretched S90 will be assembled at Volvo's plant in the northeast China city of Daqing. Volvo's China sales chief, Yuan Xiaolin, disclosed Volvo's plans to export the sedan during a press briefing last week at the Chengdu auto show.
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Baidu partners with Nvidia to develop self-driving cars
Bloomberg
Baidu Inc. unveiled its latest plans to stake out a spot in the burgeoning field of artificial intelligence, including a partnership with Nvidia Corp. to develop driverless cars. Baidu CEO Robin Li is banking on artificial intelligence to jumpstart a slowing internet search and advertising business. It will be the single most important technology in the internet sector, the company founder told investors, employees and analysts gathered at the Baidu World conference in Beijing.
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Peugeot 4008 makes global debut at Chengdu auto show
Automotive News China
PSA Peugeot Citroen, aiming to reverse a sales slump in a growing China market, is buttressing its light-truck lineup with another crossover -- the Peugeot 4008. The compact crossover made its global debut at an auto show in the southwest China city of Chengdu last week and is expected to play a key role in reviving Peugeot's sales in China, where crossover and SUV demand is outpacing the overall market.
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Contemporary Amperex Tech plans IPO to triple EV battery output
Bloomberg
Contemporary Amperex Technology Co., China's second-biggest maker of batteries for electric vehicles, is planning an initial public offering to fund an expansion as the government pushes to boost the sale of plug-in cars. The company plans to list on China's over-the-counter stock market as soon as possible, CATL Marketing Director Neill Yang said.
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Despite EV boom, foreign automakers tread cautiously
Reuters
TIANJIN -- By 2020, China's government says automakers must meet tough new pollution standards to cut epic pollution in the country's cities. While Chinese automakers bet heavily on electric cars to meet that goal, foreign competitors instead are designing more efficient, clean-burning gasoline engines.
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