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...
The New York Times, November 15, 2018 [caption id="attachment_17142" align="alignnone" width="450"] Visitors looks at the frame of an electric vehicle next to a Foton autonomous truck at the stall of the BAIC Group automobile maker at the IEEV New Energy Vehicles Exhibition in Beijing, China[/caption] BEIJING — Having...
Bloomberg News, October 25, 2018 The chief engine of growth for the world’s carmakers is turning into their biggest headache. In the past 48 hours, auto giants from Volkswagen AG and Ford Motor Co. to Renault SA and PSA Group have pinned flagging profits and weakening sales...
Reuters Newswires, October 24, 2018 BEIJING/SHANGHAI (Reuters) - Ford Motor Co (F.N) has hired a new chief for its troubled China operations, ending a nine-month search after the previous head suddenly quit and tasking him with fixing a deep sales slump in the world’s biggest car...
Bloomberg News, October 17, 2018 [caption id="attachment_17100" align="alignnone" width="306"] A Tesla Model S at the Shanghai showroom.Photographer: Qilai Shen/Bloomberg[/caption] Tesla Inc.’s breakthrough deal to secure land for a Shanghai factory commits the electric-car maker to a multibillion-dollar investment just as the Chinese vehicle market falters. The company secured...
Automotive News, October 2018 by Hans Greimel Seven-seat GS8 crossover: Modern, luxurious — and made in China Photo credit: HANS GREIMEL CHONGQING, China — At first blush, the GS8 seems like a crossover made for Americans. The hulking China-built seven-seater is luxurious and modern. What's more, the styling isn't cluttered...
Reuters Newswire, October 1, 2018 HAIPHONG, Vietnam (Reuters) - At a time when auto companies in the developed world are facing a squeeze on their profits from cash-rich tech firms, Vietnam is betting car-making can be a ticket t o a more prosperous economy, just as...