China Archives - Page 2 of 21

China Archives - Page 2 of 21 - Automobility

Creating the Future of Mobility

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22 Jan Geely’s billionaire owner still wants to add brands

Posted at 15:50h in China, Media Mentions by Bill Russo 0 Comments

Bloomberg News, January 16, 2020 When auto tycoon Li Shufu emerged as a suitor for Volvo Cars a decade ago, few outside China had heard of him. Now the billionaire’s name pops up as soon as there is a whiff of a deal in the industry. Not...

18 Dec Tesla Considers Cutting Price of China-Built Cars Next Year

Posted at 18:21h in China, Electric Vehicles, Media Mentions by Bill Russo 0 Comments

Bloomberg News, December 18, 2019 Price reduction could help spur demand for Model 3 sedan Tesla preparing to start deliveries of locally made models Tesla Inc. is considering cutting the price of its China-built Model 3 sedans by 20% or more next year, people familiar with the plans...

15 Dec GM Can’t Keep Up in China, Once Seen as the Promised Land

Posted at 14:02h in China, Electric Vehicles, Media Mentions by Bill Russo 0 Comments

Bloomberg Business Week, November 22, 2019 The future for General Motors Co. in China is in the hands of customers like Yang Yanjun, a 46-year-old logistics executive in Shanghai. Yang and his family own two gasoline-powered cars—a Volkswagen and an Audi—and now he’s considering whether to...

15 Dec China’s Electric Car Sales Slump, Squeezing Automakers

Posted at 08:52h in China, Electric Vehicles, Media Mentions by Bill Russo 0 Comments

The Associated Press, December 10, 2019 BY JOE MCDONALD, AP Business Writer BEIJING (AP) — Looking for a new car, Yang Zhibo considered an electric but balked at prices that are thousands of dollars higher after Beijing wound down multibillion-dollar subsidies that made China the biggest market...

03 Nov Bill Russo Delivers Keynote at International FDI Summit

Posted at 12:30h in China, Event, Trade by Bill Russo 0 Comments

Huzhou, China, October 30, 2019 Topic: The Future of Automotive Introduction to the event The International FDI Summit (IFS) is a 2.5 day conference tackling the topics and industries affecting corporate direct investment into and out of China. What happens when labor is no longer a cost factor?...

03 Nov Mega-merger no quick fix for Fiat Chrysler and Peugeot in China

Posted at 12:13h in China, Media Mentions by Bill Russo 0 Comments

Reuters Newswire, November 1, 2019 * FCA’s 2018 market share in China was 0.5%, PSA’s 0.6% * Neither firm seen strong enough in electric, hi-tech cars * PSA and partner Dongfeng restructuring their China JV By Yilei Sun and Norihiko Shirouzu BEIJING, Nov 1 (Reuters) - Fiat Chrysler and Peugeot...

03 Nov Fiat Chrysler-PSA Merged Entity Likely to Have Chinese Major Shareholder

Posted at 12:09h in China, Media Mentions by Bill Russo 0 Comments

Bloomberg News, October 31, 2019 The Dongfeng AX7 plug-in hybrid car. Photographer: Qilai Shen/Bloomberg The merged entity of Fiat Chrysler Automobiles NV and France’s PSA Groupis likely to end up with a major Chinese shareholder, as carmaker Dongfeng Motor Corp. is seen hanging onto its stake in the French company. China’s state-owned enterprises typically...

01 Oct Tesla’s Chinese rival NIO has lost $5 billion and is fighting to survive

Posted at 22:44h in China, Electric Vehicles, Media Mentions by Bill Russo 0 Comments

Bloomberg News, September 23, 2019 NIO’s ET Preview car made its debut at the Shanghai Auto Show in April.(Greg Baker / AFP/Getty Images) Tesla Inc. took about 15 years to rack up $5 billion in losses. NIO Inc., the electric-vehicle maker that some see as China’s Tesla, did...

01 Sep Why Tesla’s prices in China are likely to see a ‘step up’

Posted at 08:10h in China, Electric Vehicles, Media Mentions by Bill Russo 0 Comments

CNBC Squawk Box Asia, August 27, 2019 Bill Russo of Automobility Limited says tariffs are part of the reason why Tesla's prices in China are likely to go up. He also says prices could come back down as the company begins to "localize." Why Tesla's prices in...

25 Aug China Electric-Vehicle Market Consolidation Expected: Automobility

Posted at 07:23h in China, Electric Vehicles, Media Mentions by Bill Russo 0 Comments

Bloomberg TV Daybreak Asia, August 21, 2019 Bill Russo, a former Chrysler executive and now chief executive officer of consultancy Automobility Ltd., talks about Chinese electric vehicle makers including Geely Automobile Holdings Ltd. and BYD Co., and its foreign competitors. He speaks with Bloomberg's Paul Allen and Shery...