China Global Television Network, July 3, 2018 China has recently made it easier for foreign automakers to enter its new energy car manufacturing sector, in an effort to accelerate competition and growth in the auto industry. On the one hand, the import duty on foreign cars including...
Carscoops, May 22, 2018 by Sergiu Tudose China’s Finance Ministry announced today that import tariffs will be cut to 15% from as much as 25%, whereas taxes on certain automotive parts would fall to just 6%, starting July 1st. The decision comes a few days after a truce...
WorldAutoSteel, May 2018 An excerpt from WorldAutoSteel's "Steel Your Future" Article. To read the full article click here From personal transportation to service For over 100 years, the automobile has been a personal possession to most commuters in the world. Either you owned one or you didn’t. With the...
Automotive News, June 11, 2018 "The tipping point has already happened. China won. They understand it's not just about who is going to lead development of the car but who is going to shape future mobility. It's a new era." Bill Russo, CEO, Automobility Click here to read...
CNN Money, May 22, 2018 China is cutting the tariffs it charges on imported cars, giving a potential boost to foreign automakers in the world's largest market. The Chinese Finance Ministry said Tuesday that it will cut import duties on passenger vehicles from 25% to 15%, starting...
Bloomberg News, April 30, 2018 There’s only one winner from Beijing’s economic reforms. by Michael Schuman Click here to read the article at bloomberg.com [caption id="attachment_16936" align="alignnone" width="800"] Photographer: Brendan Smialowski/Getty Images[/caption] Treasury Secretary Steve Mnuchin and a team of White House heavies are expected to visit Beijing, possibly as early...
The Financial Times, April 24, 2018 To read the full article, please click here Bill Russo's quote: “It’s a natural evolution for Didi,” said Bill Russo, founder of Automobility, a Shanghai-based investment advisory firm. “In China, more people ride on wheels they don’t own than on wheels they...
Marketplace Public Radio, April 16, 2018 [caption id="attachment_16928" align="aligncenter" width="712"] BEIJING, CHINA - MARCH 1: (CHINA OUT) Security guard walk past the Chinese national flag at the Military Museum of Chinese People's Revolution on March 1, 2008 in Beijing, China. From March 1, the Military Museum...
Auto Finance News, April 18, 2018 Chinese e-commerce company SouChe acquired dealer-to-dealer auction platform Cheyipai last week, signaling intensified competition and a maturing market, analysts told Auto Finance News. “As new-car sales peak, aftermarket (including used car) will become an important battlefield for automotive related players,” said...
The Wall Street Journal, March 26, 2018 U.S. auto makers, hesitant to criticize Beijing’s electric-vehicle requirements, among firms looking to Trump administration to help open market [caption id="attachment_16906" align="alignnone" width="1260"] Workers assemble a vehicle at a Changan Ford plant in Harbin, China. Ford Motor Co. joined with...
