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...
February 21, 2019 Hosted by the AmCham Shanghai Automotive Committee The Portman Ritz-Carlton Hotel1376 Nanjing Xi Lu (cnr. Xi Kang Road)Shanghai, China 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...
LinkedIn Pulse, December 2018 by Bill Russo, Bevin Jacob and Edward Tse In the past several years, mobility services have exploded in China, providing affordable and convenient transportation solutions to address the needs of an increasingly urbanized society. In a population where most mobility users are passengers,...
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...