Bloomberg News, March 9, 2020 Beijing-based firm’s vans delivering medical supplies in China Regulatory restrictions in China eased during virus crisis The coronavirus has hurt many companies in China and around the world. Neolix, a driverless delivery business based in Beijing, isn’t among them -- in fact, it’s...
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...
Reuters Newswires, January 13, 2020 Ford Motor Co's China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles. The U.S. automaker...
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...
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...
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...
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...
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...
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...
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...