Shanghai, China, April 17, 2019 Bill Russo, Founder & CEO of Automobility Ltd., spoke on 2 panels at the first Mobility Open Blockchain Initiative (MOBI) Colloquium held in Shanghai. Topics included the role of blockchain in unlocking the economics of the new Digital Internet of Mobility business...
Bloomberg News April 18, 2019 (Bloomberg) -- Volkswagen AG, Nissan Motor Co. and Guangzhou Automobile Group Co. are among the carmakers increasingly counting on Chinese government tax cuts to stimulate demand and help the world’s biggest auto market rebound from its worst slump in a generation....
The Economist, April 4, 2019 It does not need to have the best car companies to win the race The vehicles on Beijing’s boulevards offer little evidence that China has a car industry at all. Range Rovers seem to outnumber all the Havals, Changans and byds put together; you...
Suzhou, China, March 26, 2019 In 2018, China recorded its first annual decline in car sales in decades. The gathering gloom about Chinese car sales, especially among foreign manufacturers, misses a fundamental point, however: growth in automotive services in the country is offsetting the decline in...
Bloomberg TV, March 11, 2019 Bill Russo, founder and chief executive officer at Automobility, discusses China’s automotive market and his outlook for the sector. He speaks on “Bloomberg Markets: Asia.” (Source: Bloomberg) ...
Bloomberg Business Week, February 27, 2019 A strict cap on permits keeps pollution, and auto sales, down in some of Chinaʼs biggest cities. Itʼs not the half-million-yuan price tag keeping Beijing resident Sandra Zhao from buying her dream car, a BMW X4 SUV. Itʼs the license plate...
Bloomberg News, February 27, 2019 While auto sales will continue to grow, they wonʼt return to the breakneck pace of the recent past. Persuading people to buy a new car in the worldʼs biggest auto market used to be easy for Mark Zhang, a salesman in the...
MIT Technology Review, December-January 2018/2019 China was no good at cars. Then EVs came along. After the Cultural Revolution of the 1960s and ’70s crippled China’s economy, the country began to open its markets to the outside world. The aim was to bring in technological know-how from...
Bloomberg News, February 20, 2019 Electric cars are holding their own in China, the world’s biggest auto market, even as the industry has seen a slump in overall sales for seven straight months. Deliveries of new-energy passenger vehicles, which include pure-battery, plug-in hybrids and fuel-cell cars, more...
Bloomberg News, January 9, 2019 The growth engine for the world’s car industry has been thrown into reverse, with China recording the first annual slump in auto sales in more than two decades -- though progress in trade talks with the U.S. and planned government incentives...