CHANGAN AUTO
Chinese consumer complaints show widespread padding of car sales figures
A Reuters analysis found that several Chinese automakers and dealers, including major brands like BYD, Toyota, and Volkswagen, used pre-purchase insurance schemes to inflate car sales amid a fierce price war. Over 90 consumer complaints and media reports revealed that cars were insured before being sold to meet targets, misleading demand data and prompting legal action from deceived buyers.
China's Huawei launches new software for intelligent driving
Huawei introduces Qiankun for intelligent driving to dominate the electric vehicle industry, aiming for 500,000 cars with Huawei self-driving by 2024. The company aspires to be a major player in the intelligent EV era.
Chinese automakers hit by production issues with Huawei computing unit, sources say
Changan Auto and Chery Auto - both of which have partnered with Huawei in developing their premium electric vehicle (EV) brands - have lodged complaints and are in talks to resolve the issue, two of the people said.
Huawei approaches Audi, Mercedes on smart car investment
The move is aimed at expanding its partnerships beyond Chinese brands, they said. Huawei, the target of U.S. sanctions since 2019, also hopes the presence of foreign investors would help defend the business from potential further geopolitical tensions, according to one of the sources who was briefed on the matter.
Huawei to move smart car operations to new joint company with Changan
The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release.
China's CATL launches fast-charging LFP battery, production expected by year-end
Mass production of the new battery called Shenxing is expected by the end of the year while electric vehicles equipped with Shenxing batteries will hit the market in the first quarter of 2024.
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Ford's India factories near end of road, talks on with Ola for contract manufacturing
Ford went slow with their contract manufacturing discussions for two years because "talks were at an advanced level with Mahindra & Mahindra" and was looking at "cross badging and new product alliance plans with the Indian partner would take care of Ford India's 400000 units per annum capacity at Maraimalainagar and Sanand," said a source.
Financial, consumer firms drag China shares lower; Shanghai Composite down 0.6% at close
At the close, the Shanghai Composite index was down 0.58 per cent at 3,486.56. The index fell 0.11 per cent for the week. The blue-chip CSI300 index was down 1.01 per cent, but delivered a weekly gain of 0.46 per cent.
Chinese auto companies' India investment plans stall amid border tensions
GWM had committed $1 billion to the Indian market and a similar investment is likely to be made by Changan Auto. Chery Automobile was keen to enter with Tata Motors, but those talks have fizzled out, said people with knowledge of the matter.
Changan Automobile to delay India entry by a year
It had signed a memorandum of understanding in 2019 with the Indian group that runs a dealership network for Mercedes-Benz, Nissan and FCA, but there had since been hardly any progress over the pact, they said.
Impact of boycott China campaign on consumers uncertain
Industry executives and observers say the ultimate outcome of all such calls will depend on whether there’s a substantial groundswell of anti-China opinion, enough to overcome Indian consumers’ traditional price sensitivity, which is strengthened by falling incomes.
Coronavirus fallout: Few top executives, but Chinese stands won’t be empty at Auto Expo
A Great Wall Motors vendor meet on February 5 has been scrapped. “Till last night, the meeting with partners was open,” said one of the persons. “But the decision might have been taken on Monday. In China, the executives have been advised to work from home and not venture out. The absence is understandable, but Auto Expo will go on as per schedule.”
After SAIC & Great Wall Motor, China's Changan gears up for India entry
High-level delegates from China government-owned SUV maker have been regularly visiting India for the last few months and have finalised several decisions pertaining to its India entry, three sources aware of the matter told ET.
Chinese investments breathe life into Motown
At least half-a-dozen Chinese vehicle makers are expected to pump in about $5 billion into India.
Chinese automobile companies step on the gas to invest in India
After SAIC’s Rs 5,000-crore commitment to India, Great Wall Motors set to pump in over $1 billion.
Ford says August China auto sales rise 9%
That follows a 25 per cent year-on-year rise in July and a 17 per cent increase in June.
ArcelorMittal inaugurates automotive steel plant in China
ArcelorMittal inaugurated an $832 mn steel plant -- Valin AreclorMittal Automotive Steel -- to produce high strength automotive steels that are currently imported into local mkt.
Tata Toyo, Air International form JV for HVAC systems
Tata Toyo Radiator and AITS today said they have formed a 50:50 joint venture to manufacture and sell air- conditioning or HVAC systems in India.
Suzuki Motor Corp recalls 365, 506 cars in China over oil leakage issue
Japanese automaker Suzuki Motor Corp will recall 365,506 vehicles in China over possible oil leakage problems.
Peugeot says China sales could outstrip France by 2015: WSJ
French automaker Peugeot has said its sales in China could pass those in its home market in five years
Peugeot and China's Changan to sign joint venture: PSA
France's PSA Peugeot Citroen and China's Changan Automotive Group will finalise on Friday a joint venture deal to produce vehicles in the world's top auto market, a PSA director said.
Ford to build new assembly plant in China
Ford Motor Co. said Friday it plans to spend $490 million on building a third assembly plant in China, ramping up production to meet surging demand in this fast-growing market as it expands in Asia.
China brings hope, threat to global automakers
Top auto executives projected sales growth of up to 10 pc this year in China, but this lone bright spot among the world's major car markets is also producing ambitious potential rivals to the global auto majors.
Ford may sell Volvo unit to China’s Geely to stay afloat
Ford Motor Co, seeking to raise cash to avoid a federal bailout, is in talks to sell its Volvo Car unit to China’s Geely Automobile Holdings Ltd, according to three people familiar with the discussions.
Car giants stumble amid global slowdown
Vehicle sales in emerging markets won't compensate for plunging markets elsewhere, car and truck makers indicated on Tuesday, as they applied the brakes to plans in India and South America.
Ford discusses Volvo sale to China Changan
Ford Motor is in talks to sell its Volvo car business to its China partner Changan Automobile Group, a media report said on Tuesday, citing an unnamed source at the Chinese company.
GM, Ford show growth in China despite rising fuel prices
Car makers General Motors (GM) and Ford have reported strong growth in the first half of this year in China, the world's second largest vehicle market after the US.
Ford China car JV sees 2008 sales up 58 pc
Ford Motor Co's China car joint venture aims to sell 58 percent more vehicles this year, a senior executive told Reuters on the sidelines of the Beijing Auto Show on Sunday.
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