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NewsTurbo Auto Weekly

News Highlights 
  • Technological partnerships between EV startups are unlikely to go well.

  • The State Council issued the notice on the development plan for new-generation artificial intelligent (AI) technologies.

  • Non-individual NEV users in Beijing need to submit evidentiary materials when applying for 2016 government subsidies.

  • Chery Jaguar Land Rover's engine plant recently came into operation for the production of a 2.0T Ingenium engine.

1

Review of auto market for July 22-28

  • Passenger car retail sales rebound

  • Wholesale sales see rapid growth

  • Automobiles are the focus of the world's major corporations 

    Major auto groups will grow in prominence in the future. The energy sector will reduce in importance since energy is not a scarce resource worldwide. In this light, new energy car-makers will replace large energy groups. 

  • Retailers enter car sales sector

    Gome and Suning recently entered the car sales sector. Suning will set up more than 100 car supermarkets nationwide. However, they will not make a major impact on sales models of new vehicles and are not as efficient as 4S stores.

  • Technological partnerships between EV startups are unlikely to go well

    Although there are many companies focusing on the development of new energy vehicles, their technologies are far from mature and reliable. They are also incapable of integrating various technologies and products. Relevant partnerships between these companies may not go well and are unfit for startups.

2

General Economy and Policies

The Ministry of Industry and Information Technology will introduce the NEV dual-credit regulation soon.

The State Council issued the notice on the development plan for new-generation artificial intelligent (AI) technologies, stating that relevant parties should seize the strategic opportunity to develop AI and establish China’s advantage in this field. Specifically, the notice floats the self-driving car sharing model for the first time.

According to the Ministry of Transport, the promotion of new energy passenger vehicles is expanding to rural areas.

The National Development and Reform Commission and the National Energy Administration recently announced administrative measures for integrated micro-grids (for trial implementation) to adapt to the development of the NEV market.

The China Insurance Regulatory Commission recently issued a notice on the rectification of the motor vehicle insurance market.

Beijing:

  • Non-individual NEV users need to submit evidentiary materials when applying for 2016 government subsidies.

  • Will strictly control the quantity of roadside parking spaces and plans to encourage individuals and non-individuals to carry out a non-free staggered-time parking-lot-sharing program.

The Chengdu government recently announced that the subsidy granted by the municipal government for each NEV will be 50% of that provided by the central government. NEVs are free from traffic restriction in the city.

According to the Xiamen government, the King Long Motor Group recently received a 2016 national NEV government subsidy of RMB 129 million.


The Shenzhen government recently announced the financial subsidy policy for the promotion and application of NEVs for 2017, pointing out that subsidies provided by local governments at different levels should be within 50% of those granted by the central government.


Guizhou will strive to build 160 charging stations by 2020 to meet the needs of 100,000 electric vehicles.

The Hefei government recently transferred a 2016 national NEV government subsidy of RMB 671.38 million to JAC Motors. 

3

Enterprise Information

BMW China Financial Service Co. Ltd. has been approved to increase its registered capital to RMB 9.8 billion, becoming the largest automobile finance company in China in terms of registered capital scale.

BBAC achieved sales of over 200,000 vehicles in the first six months of this year, a year-on-year increase of more than 40%.

BAIC Huansu will introduce two SUVs in the second half of 2017.

BAIC Group will add 150,000 units to its annual new energy vehicle production.

Buick will introduce five new models this year, including SUVs and tourers.

Dongfeng Venucia plans to change its brand logo.

Trumpchi plans to introduce six new energy vehicle models, both pure electric and hybrid, over the next five years. It will strive to produce and sell 1 million vehicles annually by 2020, with new energy vehicles accounting for approximately 10% of the total sales volume.

GAC Group has officially established its new energy vehicle subsidiary.

Geely and Volvo will sign an agreement on Aug. 4 to promote sharing of technology.

Dongfeng Motor Corporation and China Railway Corporation recently inked a cooperation deal.

Trumpchi has introduced its upper-medium electric SUV as it accelerates its deployment in the new energy vehicle market.

Chery Jaguar Land Rover's engine plant recently came into operation for the production of a 2.0T Ingenium engine.

Shandong Tangjun Ouling Automobile Manufacture Co., Ltd. has begun delivery of its new energy vehicles. Customers around the country had placed orders for around 10,000 new energy vehicles from the company.

Tianjin FAW will soon launch two new models.

FAW Toyota will produce a brand-new 2.0L engine.

Great Wall Motors plans to sign a JV framework agreement with YOGOMO in order to meet the demand for developing its NEV business.

Yinlong recently showcased three pure electric cars at the China (Guangzhou) International New-energy, Energy-saving and Intelligent Automobile Exhibition 2017.

Bosch and JD.com have agreed to jointly upgrade consumption experience in the automotive aftermarket.

Yongda Auto has agreed to acquire the entire equity interests in China Hengji and Dezhou Shengbao for RMB 423 million. Upon the completion of the acquisition, Yongda Auto will operate 42 BMW 4S stores.

4

Industry Information

J.D.com recently announced the launch of a platform that allows users to watch the operation processes of off-line stores. 10 stores in Beijing have joined the platform, with approximately 100 expected to be involved in first-tier cities by the end of the year.

The "price war" in the refined oil industry is expanding nationwide.

The CIRC recently revealed that it had so far approved auto insurance terms and rates submitted by approximately 30 property insurance companies. The second reform for commercial auto insurance clauses and rates will soon be carried out nationwide.

There are difficulties resolving after-sales service problems with parallel imported vehicles.

The NEV industry is developing rapidly, with the plug-in hybrid segment entering the transitional period.

Chinese NEV startups are expected to develop a common production platform.

Chinese Article Source: CPCA

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