2017年12月29日星期五

Top 10 models from German brands by November sales in Chi



Shanghai (Gasgoo)-According to data released by the China Passenger Car Association, the Lavida was the best-selling model among all models from German brands in November with sales of 47,554 units, increasing 11.33% year on year. Compared to the sales of 21,377 units in October, its November sales soared 122.45% month on month. The second best-seller was the Jetta. It sold 31,850 units with a year-on-year increase of 4.57%, while a month-on-month sales decrease of 16.53%.
Though the Sagitar took the third place among German models in November with sales of 29,137 units, it saw a year-on-year sales drop of 8.08% and a month-on-month sales decrease of 9.21%. The New Santana ranked fourth with sales of 26,966 units, up 11.16% year on year and down 26.78% month on month. Following the New Santana, the Bora delivered 21,351 units, dropping 21.69% year on year and 23.78% month on month.
Among the rest top 10 models, the New Polo and the Lamando both suffered year-on-year and month-on-month sales drops in November. What's worth mentioning, the Passat suffered largest year-on-year sales drop of 39.45% among the top 10 models to 13,600 units, while saw monthly sales increase of 21.16% compared to October.

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2017年12月26日星期二

GAC Mitsubishi Motors targets to deliver 300,000 vehicles by 2020


Shanghai (Gasgoo)-GAC Mitsubishi Motors Co., Ltd. (GMMC) plans to complete annual sales target of 300,000 units by 2020 and aims to sell 500,000 units by 2025. Senior executives from GMMC showed strong confidence in its future.
In November, sales of the Mitsubishi Outlander took up 72% of the total delivery of GMMC. Thanks to the 2018 Mitsubishi Outlander, the 2018 Mitsubishi ASX and the 2018 Mitsubishi Pajero, GMMC saw sales growth in 2017.
Popular as SUV segment is, GMMC still gives equal priority to both SUVs and NEVs. According to some analysts, the Outlander facilitated the implementation of GMMC's SUV strategy, while the launch of the GAC-Mitsubishi Qizhi PHEV signified the beginning of GMMC's new energy strategy.
In fact, Mitsubishi holds strong competitiveness in NEV segment, and the Outlander PHEV is expected to hit the Chinese market next year, according to insiders from GMMC.
GAC Mitsubishi has been committed to strengthening and improving products, channels and services in recent years. In March, 2017, GMMC's engine factory started construction. Once completed, the new factory will produce 300,000 engines annually. GAC Mitsubishi also planned to expand its annual production capacity by100,000 vehicles with a total investment of RMB 529.8 million.
During 2017, GMMC invested RMB 5 billion (about $761million) to build up an engine factory in Changsha, Hunan Province, greatly reducing the GMMC's dependence to imported engines and further improving the competitiveness of its vehicle products. With these efforts, GMMC is confident enough to achieve its goals in the future.
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WEY 4S shops sharply increase 40 in December


Shanghai (Gasgoo)- In December 23, WEY (a brand of Great Wall Motor) opened another 40 4S shops in China. Just last month, 20 4S shops were established in 6 provinces and cities of China. Currently, totals of WEY's 4S shops in China has already exceeded 100.
Until the first anniversary of releasing WEY brand, the quantity of shops was even less than 70. Surprisely, WEY increased the total 4S shops number in China to over 100 only using 2 months. According to official reports, by the end of 2018, the cumulative number of 4S shops in China will reach 300.
From relevant statistics, up to now, the sales of WEY in 2017 are already over 65,000 units. To be specific, the monthly sales of VV5 in November were around 10,300 units and the monthly sales of VV7 in November also reached around 10,200 units. Therefore, the monthly total sales of VV5 and VV7 in November are around 20,500 units, up 6.6% compared with the performance last month. From January to November of 2017, the cumulative sales of VV5 were around 22,900 units and the cumulative sales of VV7 reached around 42,200 units.
Speaking to future planning, Wei Jianjun, the president of Great Wall Motor Co., Ltd said, “In new energy vehicle area, WEY will launch a series of new energy auto products. Besides, in intelligent driving, we are building China's largest testing ground of unmanned vehicles and connected intelligence which will goes into operation by the end of this year.”
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Desay SV listed on Shenzhen Stock Exchange



Shanghai (Gasgoo)- Huizhou Desay SV Automotive Electronics Co., Ltd. (Desay SV), a leading Chinese company in automotive electronics, went public on Shenzhen Exchange Stock on December 26.
On December 5, Desay SV issued its initial public offering (IPO) prospectus to officially start the prospectus procedures. With the approval of China Securities Regulatory Commission (CSRC), the company plans to offer no more than 100 million RMB common shares (A-share).
According to the announcement, Desay SV achieved steady growth in company size and profitability during the past several years. The respective revenue of the year 2014, 2015, 2016 was RMB 2.637 billion, 3.668 billion, 5,678 billion. The compound growth rate of the past three years reached 46.75 percent. And the profit attributable to the parent company’s shareholders was respectively RMB 166 million, 359 million, 590 million in 2014, 2015, 2016.
By the end of September, the company’s revenue of the past three quarters reached RMB 4.45 billion, up 10.66 percent year on year. During the same period, the profit attributable to the shareholders increased by 1.08 percent from a year earlier to RMB 469 million.
The company says that the capital would be used to establish an automotive electronics connectivity research center, the intelligent factory for automotive electronics and fund its working capital. The capital is expected to help make breakthrough in the company’s development and improve the company’s business scale and the profitability.
Established in 1986, Desay SV has fully committed itself to the research, development and manufacturing of in-vehicle infotainment system, climate control, driver information display system, automotive display module/system, body control module and advanced driver assistance system.
With 30 years of efforts, Desay SV has formed cooperative relationships with many global automakers as well as local ones, such as VW Group, Mazda, Great Wall Motor, SAIC-GM, BAIC, Geely and Chery.
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2017年12月24日星期日

FAW-VW will introduce MEB platform to produce sedan and SUV


Shanghai (Gasgoo)- Volkswagen is planning to focus on electric vehicles in the future, therefore technology improvement and market share expansion are current emphases. As a significant partner of Volkswagen in China, it's without doubt that FAW Volkswagen got technological support from Volkswagen. Volkswagen will introduce MEB, a newly developed platform with strategic importance for Volkswagen to produce I.D. vehicle series, into China by 2020 or later.
According to official plan, FAW Volkswagen will produce all-electric or plug-in hybrid electric vehicles based on conventional cars by 2021, and introduce MEB afterwards, to produce vehicle models including sedan and SUV.
Volkswagen officially announced that the first I.D. mass-production vehicle to be launched in 2020 will be named "I.D.1", which is a compact all-electric sedan. I.D.1 will be put into mass production by the end of 2019, and sold from 2020.
Besides, Volkswagen will initiate deeper cooperation with two China JV companies in new energy vehicles by 2021, launch at least 50 all-electric vehicle models and 30 plug-in hybrid electric vehicles by 2025, and produce only electric vehicles by 2030.
So far, FAW Volkswagen has been preparing for the production of e-Golf vehicles, which will provide a range of 300 km, up 50% compared to the current overseas version.
According to the official product layout, Volkswagen will launch two SUV models and one sedan model after 2020, and these three new models will be manufactured by FAW Volkswagen.
Though the first all-electric vehicle of Volkswagen will only be launched in 2020 while other auto companies are rushing to launch kinds of new energy vehicles now, yet Volkswagen has great potential to surpass others as a latecomer for the long range and outstanding battery charge technology of its products.
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2017年12月21日星期四

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2017年12月20日星期三

Product Directory - China Auto Products Catalog - Gasgoo.com

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BMW Group names Jochen Goller head of China


Shanghai (Gasgoo)- On December 20, BMW announced that Jochen Goller will take over as President and CEO of BMW Group Region China from Olaf Kastner, effective March 1, 2018. In a short period after his departure, Kastner will continue to support business in China.
Kastner once led Brillance BMW for six years and in the past two years, he has been the head of BMW China. Harald Kruger, CEO and chairman of BMW Group, gave his gratitude to Kastner for his efforts in China.
The new head, Goller, joined BMW in 1999 and served as Head of Marketing in BMW China from 2004 to 2009, during which he gained much experience about China market. During 2009 and 2015, he was responsible for the MINI’s operation in Britain and later in the whole world. In 2015, he went back to China as Senior Vice President of Sales and Marketing at Brilliance BMW. From March 1, 2018, he will be responsible for the BMW business of Greater China region, including the cooperation work of its joint venture in China.
Kruger said Goller has significant knowledge and experiecn in China, and also showed commitment to China market. “We are confident that he will lead the team to make greater progress.”
In the past eleven months, BMW Group delivered a total of 542,362 vehicles in China, exceeding those of Mercedes-Benz and Audi. In 2018, a total of 16 new models are expected to be launched in China.
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2017年12月19日星期二

Alibaba teams up with BMW to develop smart voice-activated speaker


Shanghai (Gasgoo)-BMW China announced on Dec. 16 that it teamed up with Alibaba, China's Internet giant, to develop smart voice-activated speaker, which will help realize the function of remote voice control for vehicles. This new technolo ./gy is expected to be released in the first half of 2018.
Similar to Google Home and Amazon Alexa, the new technology will offer mobility management under various scenarios. With this technology, customers can manipulate BMW models at home. For example, customers can deliver an oral command to open the in-car air conditioner and turn up or turn down the temperature when they stay at home. In the future, the technology would be developed with more imaginary functions.
What's more, the cooperation between BMW and Alibaba signifies that foreign-owned brand can also offer localized internet service by partnering with Chinese technology companies, threatening both local brands and new brands.
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2017年12月18日星期一

FF reportedly manages to raise 1 billion dollars

Shanghai (Gasgoo)- Recently, an insider of Faraday Future (FF) told the Securities Daily, a China local media, that the company managed to finish its A round financing.
On December 13, Jia Yueting, FF’s main financial backer announced at an internal meeting that after negotiating with investors for nearly one month, Faraday Future succeeded in raising over 1 billion dollars in its A round financing.
Besides, Jia also told the staff that he will serve as the company’s Chief Executive Officer (CEO) and Chief Product Officer (CPO) to push the management and organizational reforming, and ensure the implementation of strategies and the launching of products. Actually, at the beginning of this month, it was reported that Jia’s legal team was drawing up FF’s A round financing investment agreement.
During Jia’s 40-minute speech at the meeting, the Chinese entrepreneur, who has been placed on a debtor blacklist by the government, reconfirmed that he would never give up his great dream to build FF vehicles.
However, the fact seems contradictory with the ambition. A Chinese reporter recently went to the FF 91 factory in Hanford, California to find that the factory, covering 900,000 square feet, has only one keeper. According to the plan FF released in August, the factory will finish all preparatory work in the following months, such as layout, refurbishment and license application. The company had expected to move in machines at the beginning of next year. However, little progress has been achieved after the cleaning and painting in August.
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NIO starts to design third mass-production vehicle

Shanghai (Gasgoo)- On December 16th, NIO officially launched its first mass-production electric vehicle ES8 in the press conference held in Wukesong Center with over 1 thousand participants. The first 10,000 ES8 vehicles will be the Founder Edition and will be delivered in March, 2018. NIO is promising to become "Tesla of China" and drive mass production of electric vehicles.
During the press conference, William Li, CEO of NIO, stressed the human-machine system, NOMI, which integrates the voice interactive system and an intelligent emotion engine, turning the car from a machine into an intelligent partner.
Three days earlier on December 13th, a local reporter visited NIO global design center located in Munich. The center is in a six-storey glass building, a birthplace for every new vehicle model of NIO.
Zhang Hui, General Manager of NIO Germany introduced that, employees in Munich were from over 27 countries, averaging 35 years old, and a quarter of them were German, while Chinese accounted for less than 10 percent.
In addition, he said that ES8, EP9 and the concept vehicle EVE were all designed in Munich, including the appearance, interior and human-machine interface, but not engineering development.
Mu Jianfeng, managing director of NIO Germany supply chain, revealed that, designers and developers of UI/UX department absorb inspirations from various new technological products and optimize design continuously to offer the best product to users.
Zhang Hui said that NIO's plan was to launch a new vehicle model every year from 2018 to 2022. NIO received thousands of orders of ES8 before revealing the price, and the design of the second production vehicle model, ES6, also came to an end, which will be unveiled in Auto Beijing 2018. Besides, NIO has started "incubating" the third model.
When asked about if the same bottleneck that limited Tesla Model 3 would occur to ES8, Zhang Hui said, "70% of our over 400 suppliers are international company, mainly in western Europe, Germany, Switzerland and Austria. We took international branches into consideration when we chose suppliers, and expected they were within 600 kilometers from our factory in Hefei."
According to Zhang Hui, many suppliers of Tesla were located in Asia, and it took a long time to ship components and parts to factories. This was why the production of Tesla Model 3 lagged. However, NIO has already taken into consideration the growing demand for parts and components caused by capacity expansion.
Moreover, NIO has cooperated closely with CATL, a battery supplier, and CATL established an office in Germany. Zhang Hui predicted that, battery is what the whole industry lacks in the long term, and this is also why Volkswagen, Mercedes-Ben, and Continental all attempts to build battery factories. As for NIO's plan to be listed next year, Zhang Hui replied, "Building vehicles needs money, so NIO certainly aims to be listed, but the details remain to be discussed."
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2017年12月12日星期二

Sokon aims to be international provider of battery, electric motor and electric control systems



Shanghai(Gasgoo)- On Dec. 11, Chongqing Sokon Industry Group, parent company of SF Motors, released an announcement that its board of directors passed eight projects, including investing and setting up high-performance battery project, building up subsidiary companies, setting up NEV industrial fund and NEV equity investment funds, etc.
According to the announcement, Sokon will invest RMB 300million (about $45.3 million) to set up a subsidiary company named Chongqing Jinkang Power New Energy Co., Ltd. The company is positioned as an international provider of battery, electric motor  and electric control systems for high-end electric vehicles. Moreover, the wholly-owned subsidiary will invest RMB 100 million (about $15 million) to establish its own subsidiary, Chongqing Jinkang Electric Vehicle Sales Company, to accelerate the channel building for NEV sales.
Sokon plans to authorize Chongqing Jinkang Power New Energy Co., Ltd. to invest and build up a power battery project of high-performance vehicles at the Science and Technology Industrial Park of Chongqing College Town. The project is planned to cover an area of 600mu (about 400,000 square meters) with a total investment of RMB 2.02575 billion (about $306million). Once completed construction and put into production, it will achieve an annual production capacity of 5.2GWh.
Sokon, Chongqing Junyue Sharing Equity Investment Funds Management Co., Ltd. and Chongqing Share Industry Investment Co., Ltd. will co-initiate and establish an industrial investment fund for battery, electric motor and electric control systems. The three parties will jointly set up Chongqing Junyue Sharing New Energy Equity Investment Funds Partner Company and also sign a framework agreement. The total equity of the company is planned to reach RMB 3 billion (about $453 million). Sokon will subscribe 15% of the shares.
Sokon will buy the total equity of SF Motors, Inc. from Chongqing Sokon New Energy Vehicle Design Institute Co., Ltd for RMB 188 million (about $28 million). After the equity transfer, Sokon will add an investment of RMB 32.74 million (about $ 5 million) to SF Motors, Inc., whose capital will be totalled $ 60 million.
Sokon and China Innovative Capital Management Co., Ltd. will jointly invest and found Jinkang NEV Industry Investment Funds with a total investment of RMB 2 billion (about $302million). Specifically, Sokon will subscribe 25% limited partnership shares, which equal to RMB 500 million (about 75.5 million), and China Innovative Capital Management will subscribe the rest.
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2017年12月6日星期三

BYD power battery production to reach 16 GWh this year



Shanghai (Gasgoo)- According to BYD’s latest investor relations activity log, the company’s total power battery production capacity will reach 16 gigawatt-hours (GWh) by the end of this year. Its lithium-iron phosphate (LFP) battery production will be up to 10 GWh while the rest is NMC/NCA battery.
Besides, the log also revealed that the company will expand a battery factory in Qinghai province, whose annual NMC/NCA production capacity can reach 10 GWh.
According to BYD, the battery of all newly-launched plug-in hybrid electric vehicles (PHEV) is NMC/NCA battery and all passenger vehicles will start to use NMC/NCA battery in 2018. But buses and E6 will continue to use LFP for the moment.
The log says that BYD will introduce many new models, including new-gen Dang, new-gen Qin and the new energy version of Song Max, which will be launched in succession from the second quarter of next year.
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WM raises RMB 12 billion funding, led by Baidu Capital


Shanghai (Gasgoo)-WM Motor, one of China's electric car startups, announced on Dec. 5 that it had finished a new round of financing. Led by Baidu Capital, the financing was also funded by Baidu Inc and other investors, including SIG Asia Investment (SAI) and Ameba Capital. Lighthouse Capital Group was the exclusive financial consultant for this financing.
Up to now, the investment totaled over RMB 12 billion (around $1.8 billion). Focusing on popularizing the intelligent electric vehicles, WM Motor continues to forge the development strategy of mobility ecology. Freeman Shen, founder, chairman & CEO of WM Motor stated that WM Motor values more about strategic coordination than sole capital investment. In the future, WM Motor will conduct a comprehensive cooperation with Baidu in intelligence, further accelerating the deployment on AI and autonomous driving and providing intelligent mobility experience for customers.
Meanwhile, WM Motor also announced that it will unveil its first mass-produced model at its brand press conference, which will be held on Dec. 11. The first mass-produced model is positioned as an intelligent pure electric SUV with starting price around RMB 200,000 ($30,240). The model boasts a maximum range of 600km and abundant intelligent interconnected functions. It is slated to roll off the production line of WM Motor's EV Smart Industrial Park in Wenzhou, Zhejiang Province in 2018.
During this year, WM Motor has accelerated its deployment on electrification, automation, intelligence and sharing. In August, Jeff Xiong, former CTO of Tencent joined in WM Motor and served as its vice president. In September, WM Motor announced its cooperation with 360 in R&D of automobile information security, and also established partnership with HelloBike, a bike-sharing brand, to provide three-dimensional urban mobility solutions. In October, WM Motor signed a MoU with Mobileye, the world's leading autonomous driving solutions provider, to take deep cooperation in autonomous driving area. In December, WM Motor teamed up with NetEase AI to cooperate in such areas as Internet, big data and infotainment, etc. This financing partnered with Baidu would make WM Motor's strategy and competitive advantages of AI, hardware, software and service more clear.
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Changan Automobile November sales decrease by 9 percent year on year


Shanghai (Gasgoo)- In November, Changan Automobile sold 267,511 vehicles, down 9 percent compared with the same period of last year, according to the company’s sales report. By the end of November, its cumulative sales were 2,588,801 units, presenting a decrease from the year earlier.
In the total sales of last month, Changan-branded vehicle sales reached 149,198 units and Changan-branded passenger vehicle sales were 109,400 units. Last month, the company sold 6,849 new energy vehicles and the year-to-date sales of this segment were 49,432 units.
Among all Changan models, CS55 was the best-seller in November, whose monthly sales were 26,456 units, followed by another two SUV models, CS35 and CS55, whose November sales were 17,557 units and 15,457 units respectively.
In sedan segment, the Changan Eado family achieved a sales volume of 6,731 units while the Alsvin series sold 4,988 units. The sales of Honor, one of Changan MPV models, were 7,021 units last month. Last month, Changan sold 6,570 Ossan A800s while the sales of Ossan were 3,715 units.
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2017年12月5日星期二

JAC battery electric PV sales soar 363 percent in November


Shanghai (Gasgoo)- In November, Anhui Jianghuai Automobile Group (hereinafter called JAC), produced 46,731 vehicles, down 18.83 percent compared with the production capacity of 57,570 units in November of 2016, according to the company’s announcement. The production of battery electric passenger vehicles surged nearly 300 percent year on year to 4,589 units in November.
JAC November sales also showed decrease. The company sold 42,781 vehicles last month, down 18.7 percent from a year earlier. Its cumulative sales of the past eleven months decreased nearly 20 percent to 469,872 units. But the company’s export sales increased by 13.62 percent to 4,846 units.
Although November total sales exhibited a negative year-on-year change, the sales of battery electric passenger vehicles showed explosive growth from 1,221 units to 5,660 units, soaring 363.55 percent compared with November of last year. By the end of last month, JAC delivered 26,402 battery electric passenger vehicles in 2017, jumping 66.35 percent year on year.
Specifically, its SUV sales slumped by nearly 60 percent year on year in November to 10,517 units. The sales of MPV and sedans last month turned out to grow by 8 percent and 82 percent respectively.
As to the commercial vehicles, sales of many segments dropped compared with the same period of last year, such as those of heavy trucks, large passenger vehicles, and light passenger vehicles.
At the end of last month, JAC signed a Memorandum of Understanding with Volkswagen Group to explore the possibility of setting up a joint venture to conduct research and development on multi-functional vehicles (including but not limited to pickup, MPV, electric commercial vehicles).
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