Jingdong introduces 1000 new energy vehicles for Double 11

Shanghai (Gasgoo)- As China largest online shopping day, Double 11 (Singles’ Day) easily causes traffic jam, but new energy cars with no limit will speed up urban logistics. On October 31, Jingdong Logistics announced to introduce thousands of new energy vehicles and put into use in more than 10 large and medium-sized cities like Beijing, Shanghai and others, and in the next 5 years, Jingdong Logistics will replace thousands of cars with new energy vehicles. Experts believe that the fuel trucks are limited in many cities, resulting in low efficiency of logistics. With the city to relax the control of new energy cars in road travel, new energy vehicles can achieve 24 hours travel, which will improve the efficiency of logistics distribution.
In fact, Jingdong not only introduces new energy cars, but also extends the industrial cooperation chain in new energy transportation. It is understood that the Jingdong will have cooperation with charging service operations and vehicle logistics companies. Wang Hui, the vice president of Jingdong Distribution Department said that in charging services field, Jingdong logistics and charging pile enterprises will jointly develop the construction of electric charging piles.
An official said that with more and more new energy vehicles on the road, new energy vehicles can realize 24 hours of travel in many cities. The layout of new energy vehicles enterprises can further improve the efficiency of logistics.
It is worth noting that the road limit on trucks also let the logistics companies set up many courier shops in the city, which is a huge cost for enterprises. The official said, due to the trucks only can distribute in limited time, enterprises must set up many courier shops in the city and the trucks transport the goods to courier shop at night. In the daytime the courier shops deliver the goods to consumers, so that a large number of courier shops are a huge cost for the delivery enterprises and franchisee. But with the liberalization of city policy in the future, new energy vehicles can achieve 24 hours of travel, which will reduce the establishment of express shops and the cost of enterprises.
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BYD sets up joint venture with Faurecia

Shanghai (Gasgoo)- On October 31, BYD and Faurecia announced the establishment of a joint venture. Named Shenzhen Faurecia Automotive Parts Co., Ltd., the new joint venture will focus on developing and manufacturing advanced seating solutions for BYD-affiliated OEM brand.
The global automotive supplier will own 70 percent of the joint venture’s stakes while the rest belongs to the Chinese electric vehicle maker. It is expected that the new company’s sales revenue will reach RMB 2.4 billion by 2020.
According to Patrick KOLLER, CEO of Faurecia, the cooperation will promote Faurecia’s growth in China self-owned auto brand market. By 2020, the supplier’s business in this market will account for 40 percent of the company’s sales revenue in China. The new joint venture will also help Faurecia to expand its new energy vehicle parts business in China.
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Hongqi strides into private car market

Shanghai (Gasgoo)-The all-new Hongqi D-class sedan coded N501 was spied undisguised for the first time recently. As a D-class sedan under Hongqi L series, the new model is positioned below the Hongqi L5, and is likely to be named the Hongqi L3.
In terms of the exterior, the new model retains Hongqi's iconic design language, featuring an intake grille with a straight waterfall shape, decent and elegant-looking oblong and round headlamps, and eye-catching standing emblem on its engine hood. It looks decent with its waist lines stretched from headlamps to rear end. It deploys hollow-square-shaped LED taillights, boasting a high recognition for Hongqi's family. Moreover, the new model employs one exhaust pipe on each side and a 4.0T V8 turbocharged engine.
On Oct. 28, FAW-Hongqi released an advertisement on their official WeChat account to recruit dealers in 308 cities like Beijing, Shanghai and Guangdong, aiming to expand its dealership network across China. In fact, early in this April, Hongqi held a signing ceremony for its first batch of 4S stores in Shanghai. During the ten-day recruitment, Hongqi received 48 applications from a variety of investors nationwide. After a strict selection, 21 dealers with rich operating experience of luxury vehicle brands were chosen to sell Hongqi models in 18 provinces, cities and municipalities across China.
According to Hongqi's 4S store recruitment plan, there are 7 levels for 4S stores ranging from A to C3. The 4S store with highest level needs to cover an area of 5,000 square meters and an investment of RMB 21.5 million, which meet the standard of a luxury vehicle brand. The 4S with lowest level still needs to cover an area of 1,200 square meters and a total investment of RMB 4.8 million.
On one hand, Hongqi is expanding its dealership network to absorb private consumers, and on the other hand, the position and design of its SUVs, EVs and connected cars began to face the private cart market. Hongqi is sparing no effort to enhance its brand awareness in the market, and is ambitious to set the first high-end independent vehicle brand in China.
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False emission report on Chengdu motor vehicles will face maximum penalty of RMB 500,000

Shanghai (Gasgoo)- Reporters learn from the press conference held by Chengdu Environmental Protection Bureau on October 27th that anyone issuing or using false emission results will face a maximum penalty of RMB 500,000.
Non-road mobile machineries are moving machinery with engines and transportable industrial equipment including bulldozers, road rollers, and excavators. A measure stipulates that non-road mobile machineries should be registered and managed, and that any machinery without being properly registered will face penalty no more than RMB 20,000. In the meantime, some zones should be prohibited from using high-emission non-road mobile machineries for the air quality.
The measure also makes clear responsibilities for owners, users, detection organization, maintenance organizations and supervision organizations of false emission results. Detection organization will face penalty ranging from RMB 100,000 to 500,000 if false report is issued. For a severe violation, certificates will be revoked. Those who pass emission tests by cheating will face penalty of RMB 5,000.
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Webasto SE appoints Freddy Geeraerds as a new Global Board Member Expanding networks for more potential opportunities in China

Munich– At its last meeting, the Webasto SE Supervisory Board decided to appoint Freddy Geeraerds as an additional member to the Board. On the Management Board of Webasto SE, Mr. Geeraerds will be responsible for the China region as of November 1st 2017. He started work in China in 1994, understanding China culture, well acquainted with the China market and management, since he has been responsible for Webasto roof business in China as of 2010 as China CEO and then for the overall Asia roof business since 2015.
The new appointment of a board member from China management shows the growing importance of the world's largest car market for Webasto. In the financial year of 2016, Webasto Group generated sales of 3.2 billion euros, with China region share above 30% – tendency continuously increasing.
"China is Webasto's largest single market and a very dynamic one in which we have been very successful for many years and continue to see a lot of potential. To fully take advantage of additional market opportunities, Freddy Geeraerds as a member of the Management board of Webasto SE takes over the coordination of all activities of Webasto group in China," said Dr. Holger Engelmann, Chairman of the Management Board, Webasto SE.
From 2012 till 2017, Webasto established and expanded plants in Guangzhou, Chongqing, Wuhan, Shenyang, Baoding and Xiangyang fastly, with total 11 locations in China . In future, Webasto will keep expanding manufacturing networks in China with further investments as a global innovative system partner to the automotive industry.
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FAW Xiali’s operation revenue decreases 20%

Shanghai (Gasgoo)– On October 31, Tianjin FAW Xiali Auto Co., Ltd. (hereinafter referred to as "FAW Xiali") released 2017 third quarter report. According to the report, the operating income of FAW Xiali in third quarter is about 374 million, a year-on-year decline of 20.26%; net loss attributable to shareholders of listed companies is about RMB 437 million, up 42.86% compared to the same period of in last year. Net loss in the first three quarters of listed companies was RMB 1.123 billion. The loss increased 36.14% compared with the same period last year.
Though FAW Xiali did not elaborate on the reasons for the loss in this report, uncompleted product structure adjustment and small marketing scale may be the main reasons according to its previously released preview. Besides, 15% stake of Tianjin FAW Toyota Motor Co., Ltd. was transferred in 2016, resulting in lower shareholding ratio and decrease in investment income.
Rumors are flying about how FAW Xiali find the way out. News like “FAW Xiali merges into FAW Besturn” and “FAW Xiali is turning to Dong Mingzhu" is endless. However, relevant news is either denied or gets no response. The future of FAW Xiali is still unclear.
According to the announcement of FAW Xiali on Oct. 19, the controlling shareholder of the company intends to transfer part of the shares. After the completion of the share transfer, there will be a change in the controlling shareholder. As approval process is still in progress, the company's stock will continue to be suspended. According to the interpretation of relevant insiders, this announcement means that the proportion of share transfer will be more than 24% and FAW Xiali may also be renamed.
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Dongfeng Renault announces Vision 2022, ambitious to deliver 400,000 units in 2022

Shanghai (Gasgoo)- On the last day of October, Dongfeng Renault held its Vision 2022 media briefing. According to the vision, Dongfeng Renault will start local production of 9 models, including 3 electric vehicles. By 2022, the annual sales of the joint venture are expected to reach 400,000 units. The automaker will focus on SUV segment and meanwhile it will add more products in sedan segment.
Dongfeng Renault began its production in 2016. Compared with last year, the joint venture’s sales doubled this year. By October 30, Dongfeng Renault’s YTD sales have exceeded 60,000 units and it realized its annual sale target two months ahead of schedule. The company expects the annual sales will be as much as 70,000 units this year.
What’s more, Dongfeng Renault will expand its network to 400 dealers in China. Currently, it has 170 dealers across the country and the number will be expanded to 200 by the end of this year. In the next five years, the number of the dealers will be doubled.
In July, Renault announced a new commercial vehicles partnership with China’s Brilliance. In the coming five years, Renault’s joint venture with Brilliance will join hands with Dongfeng Renault to grab more market shares in China. In 2022, Renault-Brilliance joint venture is expected to deliver 150,000 units.
Carlos Ghosn, Chairman and CEO of Groupe Renault said at the media briefing that China is the largest auto market in the world and will be the leader in future mobility and that’s why Renault makes it the strategic priority. Renault and Dongfeng will make full use of the advantages in sources, scale and technology on both sides.
On October 6, Groupe Renault announced its Drive The Future, a new six-year plan. According to the plan, the group should deliver annual revenues of over €70 billion, achieve a group operating margin of over 7% by the end of the plan, with a floor at 5%, and positive free cash flow every year.
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