China Auto Monthly Report – Apr 2009 China Auto Monthly Report is a monthly English review cooperated by Chinadaily.com.cn and ResearchInChina.com. It features the latest events, statistics and analyses from the Chinese automobile market. With China Auto Monthly Report, you'll discover the monthly and quarterly outputs and sales of China's automakers, latest price quotes, and consumer survey results and information on projects investment. Table of content • OVERSEAS BULLETIN • PSA shelves plan to make small car in China • Nippon Yusen plans car terminals in China • Volkswagen, Toyota, Geely expanding in Sichuan • Mitsubishi Motors opens China sales company • Ford China boss Cheng quits, Graziano to succeed • CEO exit ‘has no impact’ on China business • Mazda opens three training centers in China • Chrysler says no plan to quit Chinese market • Proton and Detroit Electric to sell electric cars in China • Mercedes-Benz aims to outpace 09 China market growth • GM to double China sales over 5 years • GM China denies selling Buick brand to SAIC • Renault builds China division to boost business • Nissan to participate in China’s electric car program • GM’s market in China continues to be strong • Mazda sees 2009 China sales up 33% • Volkswagen China sales may top Germany’s in 2009 • GM: 8th China plant needed for sales goal • Daimler sees China stimulus lifting luxury car sales • GM, SAIC jointly building 2010 World Expo pavilion • • • • • • • • • • • • • • BMW building second China plant with partner Porsche chooses China for entry into sedans Daimler expects to overtake BMW in China in 2-3 years Honda sees 2009 China sales up 10% Daimler sees China PV market grow 7% in 2009 Race car designer comes to Tsinghua University GM, SAIC promote fuel cell propulsion technology Hyundai raises its 2009 China sales growth forecast Nissan banks on 15 new models in China Daimler in talks with China wealth fund Honda, Nissan mull exporting from China Kia cashing in on China’s demand for small cars GM to build factory in China as US plants close Toyota plans ‘G-Book’ telematics service in China • • • • • • • • • • • • • NEW MODELS Mercedes-Benz set to sell Smart fortwo in China Dongfeng releases own-brand Fengshen sedan Southeast Motor to unveil V3 Lingyue hatchback Youngman Auto to roll out Lotus car in September Yutong to produce new-energy buses in H2 Qingling Motors rolls out 100P China III light truck Changfeng to make China’s first hybrid SUV China-made Highlander SUV ready for release Great Wall to unveil luxury SUV H7 at Shanghai show Dongfeng Nissan launches New Sylphy FAW Toyota launches RAV4 SUV Zhengzhou Nissan to launch compact MPV soon • Mazda MX-5 Coupe to hit China market in June • • • • • • • • • • • • • • • • • • • • • • • • • • AUTO EVENTS Geely among Volvo suitors, Ford confirms talks BBDC to get compensated $981m by Daimler BYD expects green car subsidy to boost sales 250,000 Changan-brand sedans to be sold in 2010 FAW Volkswagen to start building Chengdu base in May SAIC may face lawsuit over Ssangyong failure BYD may supply battery to Europe, US carmakers Chery Auto to build 100,000-unit plant in Turkey Chery launches two models at Bangkok show Dongfeng vehicles roll into Malaysian market Dongfeng Nissan to make fuel-efficient vehicles Dongfeng Auto setting up LCV production base Geely Auto eyes overseas mergers out of need Geely to set up 150 Eagle-brand 4S stores in 2009 SAIC to build electric hybrid car with US parts Changan Auto to sell 1,000 Jiexun-HEVs in 2009 Geely to assemble MK-2, CK-2 sedans in Ukrain FAW-Volkswagen to cut sales of low-profit Jetta cars SAIC Motor focuses on Chinese market, not foreign M&As SAIC aims to sell 50,000 Roewe, MG cars in 2009 BYD probing foreign markets FAW keen on auto manufacturing unit in West Benga SAIC makes approach for Britain’s Vauxhall BAIC set to merge Beijing’s all auto assets in 2009 Geely Auto in strategic cooperation with Shell Oil • • • • • • • • • • • Guangqi Hino Motors to start operation by July Changan Auto to invest 20b yuan for engine base Changan Auto eyes overseas acquisitions Brilliance Auto aims for 10% 2009 growth BYD in talks to supply US, Europe firms Changan Auto to sell 2m vehicles a year by 2012 GAC still keen on public float BYD Auto admits iron battery talks with Volkswagen Changan to sell Yuexiang in Southeast Asia, North America Brilliance Auto to invest $220m in Mianyang plant Geely Auto says not copying Rolls Royce • • • • • • • • • • • PARTS & COMPONENTS Geely Auto to pay up to $40m in DSI purchase Shanghai GKN Drive Shaft to build NE China plant BeijingWest nets control of Delphi’s key units Delphi supplying hybrid systems to Shanghai Auto Continental opens auto tech center in Shanghai Antonov and Sichuan Jianghan team up to make AT SAIC to get auto-parts business listed in 2009 Chengdu Auto to be China’s No 1 camshaft maker Bridgestone to lift China tire plant output by 50% China auto parts firms face liquidity crunch • • • • FINANCING Chery needs IPO funds for vigorous expansion Toyota Group eying bond, ABS issuance in China China urges banks to offer auto credit service • • Chery launches auto finance firm in Shanghai PICC Property to sell vehicle insurance by phone • • • • • • SERVICE China auto quality complaints up 36.8% in 2008 Dongfeng Motor recalls 5,014 faulty sedans Mondial Assistance China to assist Changan Ford FAW Volkswagen recalls 17,059 defective New Bora cars Toyota Camry recalled in China over brake flaw • • R&D Daimler to open Benz design center in Beijing • • • • • • • • • • • RELATED INDUSTRIES Baosteel cuts steel product prices Praxair China to supply nitrogen to Chery Auto Sinopec mulls adding commercial fuel stockpiling Wuhan Steel to supply to Nissan Motor Daqing to maintain crude output Ansteel joint venture opens tire cord plant China may hike refined oil rates China’s March crude steel output stays high China steel makers report losses as output rises Steel prices steady as demand improves in Q1 How to Buy Product details USD How to Order File Single user 299 PDF Enterprisewide 349 PDF Publication date: May 2009 By email: report@researchinchina.com By fax: 86-10-82600829 By online: www.researchinchina.com For more information, call our office in Beijing, China: Tel: 86-10-82600828 Website: www.researchinchina.com