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Found 104 results

  1. Ford has a new midsize crossover, but it will only be sold in China. Meet the Territory which will slot in between the EcoSport and Kuga (Escape to us). The model was developed with its joint-venture partner, Jiangling Motors Corp. The exterior looks very similar to the EcoSport subcompact crossover, albeit with a more aggressive bumper and smaller grille. Where the Territory stands out is the interior. The design is quite simple with Mustang-inspired toggle controls and stitching on various trim pieces. Power will come from either a regular gas engine, hybrid, or plug-in hybrid powertrain. Optional features include an infotainment system with Mandarin voice-command and Ford’s Co-Pilot360 suite of active driver assists. The Territory has a tough job as it will play a key part in Ford's plan to stem losses in sales. In the first half of 2018, the company reported sales in China had dropped 25 percent. This resulted in a $483 million loss in the second quarter (before taxes). Ford blamed an aging lineup as the reason to the sales decline. To solve this Ford is planning 50 new or redesigned vehicles that will launch in China beginning now and running through 2025 - beginning with the redesigned Focus and new Territory. The Territory goes on sale early next year. Source: Automotive News (Subscription Required), Roadshow View full article
  2. William Maley

    Ford Territory is A Chinese-Only Crossover

    Ford has a new midsize crossover, but it will only be sold in China. Meet the Territory which will slot in between the EcoSport and Kuga (Escape to us). The model was developed with its joint-venture partner, Jiangling Motors Corp. The exterior looks very similar to the EcoSport subcompact crossover, albeit with a more aggressive bumper and smaller grille. Where the Territory stands out is the interior. The design is quite simple with Mustang-inspired toggle controls and stitching on various trim pieces. Power will come from either a regular gas engine, hybrid, or plug-in hybrid powertrain. Optional features include an infotainment system with Mandarin voice-command and Ford’s Co-Pilot360 suite of active driver assists. The Territory has a tough job as it will play a key part in Ford's plan to stem losses in sales. In the first half of 2018, the company reported sales in China had dropped 25 percent. This resulted in a $483 million loss in the second quarter (before taxes). Ford blamed an aging lineup as the reason to the sales decline. To solve this Ford is planning 50 new or redesigned vehicles that will launch in China beginning now and running through 2025 - beginning with the redesigned Focus and new Territory. The Territory goes on sale early next year. Source: Automotive News (Subscription Required), Roadshow
  3. William Maley

    BMW Raises Prices of U.S. Built X5 and X6 for China

    The effects of the on-going trade spat between the U.S. and China are beginning to be felt. According to Reuters, BMW is increasing the pricing on the U.S.-built X5 and X6 crossovers for the Chinese market. In a statement, BMW said the price increases will range from four to seven percent. This will only make a small dent in the 40 percent tariff being slapped on U.S. made vehicles entering China. BMW will be absorbing the remainder of the tariff for the time being. “BMW stands for free (trade) but can’t stand still without taking actions to respond to the market changes,” said a BMW spokeswoman. The German automaker isn't the only one to raise prices on vehicles destined to China. Reuters has learned from dealers that Mercedes-Bena has raised the price of the GLE-Class, which is built in Alabama. Source: Reuters
  4. The effects of the on-going trade spat between the U.S. and China are beginning to be felt. According to Reuters, BMW is increasing the pricing on the U.S.-built X5 and X6 crossovers for the Chinese market. In a statement, BMW said the price increases will range from four to seven percent. This will only make a small dent in the 40 percent tariff being slapped on U.S. made vehicles entering China. BMW will be absorbing the remainder of the tariff for the time being. “BMW stands for free (trade) but can’t stand still without taking actions to respond to the market changes,” said a BMW spokeswoman. The German automaker isn't the only one to raise prices on vehicles destined to China. Reuters has learned from dealers that Mercedes-Bena has raised the price of the GLE-Class, which is built in Alabama. Source: Reuters View full article
  5. Like many countries, China offers various incentives to spur the sales of electric vehicles. But a report from Bloomberg says the Chinese government is considering reducing various subsidies beginning next year. According to sources, the government is considering cutting the average incentive by more than a third from where they currently stand. Also up for consideration is incentives being eligible on models that can travel at least 200 kilometers (about 125 miles) on a single charge. Why? The government wants automakers to keep innovating by making EVs cheaper and go much further on a charge. “China is switching away from carrots. The government wants to ensure automakers will launch models that would be appealing to consumers hence setting subsidies contingent on minimum driving range requirements,” said Ali Izadi-Najafabadi, an analyst at Bloomberg NEF. In 2017, the Chinese government spent 6.64 billion yuan (about a billion dollars) on various subsidies for electric vehicles. But this year saw the government begin to cut various incentives. For example, cars that have a driving range of less than 300 kilometers (about 186 miles) saw their incentives reduced. “Government policy has a huge impact over the new-energy vehicle sector and every adjustment made on the policy front over the next two years will result in tremendous changes in the industry,” Li Yixiu, sales chief for Beijing Electric Vehicle Company earlier this month. "We believe there isn’t a chance for carmakers to raise prices to make up for the reduction of government fundings. Instead, we have to come up with competitive new products and services to respond.” Source: Bloomberg View full article
  6. Like many countries, China offers various incentives to spur the sales of electric vehicles. But a report from Bloomberg says the Chinese government is considering reducing various subsidies beginning next year. According to sources, the government is considering cutting the average incentive by more than a third from where they currently stand. Also up for consideration is incentives being eligible on models that can travel at least 200 kilometers (about 125 miles) on a single charge. Why? The government wants automakers to keep innovating by making EVs cheaper and go much further on a charge. “China is switching away from carrots. The government wants to ensure automakers will launch models that would be appealing to consumers hence setting subsidies contingent on minimum driving range requirements,” said Ali Izadi-Najafabadi, an analyst at Bloomberg NEF. In 2017, the Chinese government spent 6.64 billion yuan (about a billion dollars) on various subsidies for electric vehicles. But this year saw the government begin to cut various incentives. For example, cars that have a driving range of less than 300 kilometers (about 186 miles) saw their incentives reduced. “Government policy has a huge impact over the new-energy vehicle sector and every adjustment made on the policy front over the next two years will result in tremendous changes in the industry,” Li Yixiu, sales chief for Beijing Electric Vehicle Company earlier this month. "We believe there isn’t a chance for carmakers to raise prices to make up for the reduction of government fundings. Instead, we have to come up with competitive new products and services to respond.” Source: Bloomberg
  7. Tesla only has one assembly plant in Fremont, California. But that could be changing in the near future. Yesterday, Tesla and the and the Shanghai government reached a preliminary deal for a new assembly plant. The automaker expects production in about three year's time, provided they can get the approvals and permits needed. Tesla says the plant could build up to 500,000 vehicles annually. According to Bloomberg, the plant is expected to build the Model 3 sedan and upcoming Model Y crossover. Tesla building a plant in China doesn't come as surprise. The country is the largest market for electric vehicles, and most forecasters believe sales will skyrocket as government regulations push toward a goal of 100 percent electric vehicles by 2030. There are some questions about this new factory. For one, how is Tesla going to pay for this new plant? At the end of the first quarter, the company burned through $2.7 billion, mostly due to various issues dealing with ramping up Model 3 production. The Shanghai government said it would help cover some of capital costs. The other is will Tesla need to share technologies with a Chinese partner. Currently, any foreign automaker has to enter into a joint venture with a Chinese automaker and transfer various technologies. "For technology transfer, it is a matter subject to negotiation between the enterprises," said Huang Ou, deputy head of the Shanghai government’s economy and information technology commission. The Chinese government announced back in May that it would scrap the rules for "capping foreign ownership of new-energy vehicle ventures" by 2022. Source: Bloomberg, Reuters View full article
  8. William Maley

    Tesla Plans A Second Assembly Plant In Shanghai

    Tesla only has one assembly plant in Fremont, California. But that could be changing in the near future. Yesterday, Tesla and the and the Shanghai government reached a preliminary deal for a new assembly plant. The automaker expects production in about three year's time, provided they can get the approvals and permits needed. Tesla says the plant could build up to 500,000 vehicles annually. According to Bloomberg, the plant is expected to build the Model 3 sedan and upcoming Model Y crossover. Tesla building a plant in China doesn't come as surprise. The country is the largest market for electric vehicles, and most forecasters believe sales will skyrocket as government regulations push toward a goal of 100 percent electric vehicles by 2030. There are some questions about this new factory. For one, how is Tesla going to pay for this new plant? At the end of the first quarter, the company burned through $2.7 billion, mostly due to various issues dealing with ramping up Model 3 production. The Shanghai government said it would help cover some of capital costs. The other is will Tesla need to share technologies with a Chinese partner. Currently, any foreign automaker has to enter into a joint venture with a Chinese automaker and transfer various technologies. "For technology transfer, it is a matter subject to negotiation between the enterprises," said Huang Ou, deputy head of the Shanghai government’s economy and information technology commission. The Chinese government announced back in May that it would scrap the rules for "capping foreign ownership of new-energy vehicle ventures" by 2022. Source: Bloomberg, Reuters
  9. Buick is expanding their electrified options in China with the introduction of the Velite 6 plug-in hybrid and electric. They'll join the the Buick Velite 5 - a rebadged Chevrolet Volt. The design is interesting to say in the least with a fair number of creases and a blacked-out rear pillar on this hatchback body. Arriving first is the plug-in hybrid which is comprised of a 1.5L four-cylinder, two AC permanent-magnet synchronous motors, and lithium-ion battery pack. With a full tank of gas and fully charged battery, Buick estimates a range of 700 kilometers (about 435 miles). Not much is known about the electric variant, aside from Buick saying the model "will adopt a new-generation pure electric drive system to offer customers a smooth, quiet and natural driving experience." The electric variant will arrive next year. Both Velite 6 models will come with Buick's new eConnect cloud connectivity system. Different drivers can setup their own accounts to personalize settings for navigation, audio, and internet use. eConnect will also provide real-time intergration of WeChat, a Chinese social media service. Owners can use their smartphone as the key for the Velite 6. Source: Buick Buick VELITE 6 Plug-In Hybrid Electric Vehicle and Enspire All-Electric Concept SUV Make Global Debut in China WUZHEN – The Buick VELITE 6 plug-in hybrid electric vehicle and the Buick Enspire all-electric concept SUV made their global debut this evening at a launch event in the scenic Chinese city of Wuzhen, Zhejiang. Buick also announced that the VELITE 6 plug-in hybrid electric vehicle will be launched this year and its sibling, the VELITE 6 electric vehicle, will be introduced in China at a later date. Buick VELITE 6 Buick is focused on electrification, connectivity, intelligence and sharing in line with its Buick Blue new energy vehicle strategy. The VELITE 6 represents the latest application of this strategy. The two VELITE 6 models leverage electrification and connectivity technology from SAIC-GM’s parent companies, including Buick’s newest electric propulsion technology and connectivity technology. They are based on the VELITE Concept new energy vehicle that was unveiled in November 2016. The VELITE 6 has a dynamic posture coupled with a wide stance. The modern, streamlined shape aptly represents the innovative exterior styling that matches the new nameplate’s exciting technological character. The high-performance propulsion system of the VELITE 6 plug-in hybrid electric vehicle is composed of an EVT electronically controlled variable transmission, two AC permanent-magnet synchronous motors with a high-performance lithium-ion battery, and a 1.5L naturally aspirated engine especially tuned for hybrid vehicles. The motors and engine efficiently optimize power in different driving modes – such as the hybrid-driven mode of the motor and the engine, the single-driven mode of the motor, and the single-driven mode of the engine. It has a range of 700 km and combined fuel consumption of 1.4 liters/100 km. The new-generation modular high-performance ternary lithium-ion battery pack will be assembled at the new state-of-the-art SAIC-GM Power Battery Development Center in Shanghai. The battery incorporates leading battery heat management technology, providing independent and uniform temperature control of each battery unit via liquid cooling. This will ensure a longer life cycle and more stable performance. The VELITE 6 electric vehicle will adopt a new-generation pure electric drive system to offer customers a smooth, quiet and natural driving experience. The flexible and open cloud-based Buick eConnect technology in both models enables cutting-edge services and over-the-air update capability. With exclusive accounts, users can personalize their settings for OnStar, navigation, internet use and more. Music and destinations can be sent to the car display screen via WeChat in real time, for one-button navigation and listening. Users can also directly receive information about their vehicles’ condition and recommended maintenance. VELITE 6 users’ smartphones serve as a virtual key to enter and start the vehicle. They can authorize others to use their vehicles through their phones as well. Additional functions and new features will continuously be added to improve the user experience.
  10. Buick is expanding their electrified options in China with the introduction of the Velite 6 plug-in hybrid and electric. They'll join the the Buick Velite 5 - a rebadged Chevrolet Volt. The design is interesting to say in the least with a fair number of creases and a blacked-out rear pillar on this hatchback body. Arriving first is the plug-in hybrid which is comprised of a 1.5L four-cylinder, two AC permanent-magnet synchronous motors, and lithium-ion battery pack. With a full tank of gas and fully charged battery, Buick estimates a range of 700 kilometers (about 435 miles). Not much is known about the electric variant, aside from Buick saying the model "will adopt a new-generation pure electric drive system to offer customers a smooth, quiet and natural driving experience." The electric variant will arrive next year. Both Velite 6 models will come with Buick's new eConnect cloud connectivity system. Different drivers can setup their own accounts to personalize settings for navigation, audio, and internet use. eConnect will also provide real-time intergration of WeChat, a Chinese social media service. Owners can use their smartphone as the key for the Velite 6. Source: Buick Buick VELITE 6 Plug-In Hybrid Electric Vehicle and Enspire All-Electric Concept SUV Make Global Debut in China WUZHEN – The Buick VELITE 6 plug-in hybrid electric vehicle and the Buick Enspire all-electric concept SUV made their global debut this evening at a launch event in the scenic Chinese city of Wuzhen, Zhejiang. Buick also announced that the VELITE 6 plug-in hybrid electric vehicle will be launched this year and its sibling, the VELITE 6 electric vehicle, will be introduced in China at a later date. Buick VELITE 6 Buick is focused on electrification, connectivity, intelligence and sharing in line with its Buick Blue new energy vehicle strategy. The VELITE 6 represents the latest application of this strategy. The two VELITE 6 models leverage electrification and connectivity technology from SAIC-GM’s parent companies, including Buick’s newest electric propulsion technology and connectivity technology. They are based on the VELITE Concept new energy vehicle that was unveiled in November 2016. The VELITE 6 has a dynamic posture coupled with a wide stance. The modern, streamlined shape aptly represents the innovative exterior styling that matches the new nameplate’s exciting technological character. The high-performance propulsion system of the VELITE 6 plug-in hybrid electric vehicle is composed of an EVT electronically controlled variable transmission, two AC permanent-magnet synchronous motors with a high-performance lithium-ion battery, and a 1.5L naturally aspirated engine especially tuned for hybrid vehicles. The motors and engine efficiently optimize power in different driving modes – such as the hybrid-driven mode of the motor and the engine, the single-driven mode of the motor, and the single-driven mode of the engine. It has a range of 700 km and combined fuel consumption of 1.4 liters/100 km. The new-generation modular high-performance ternary lithium-ion battery pack will be assembled at the new state-of-the-art SAIC-GM Power Battery Development Center in Shanghai. The battery incorporates leading battery heat management technology, providing independent and uniform temperature control of each battery unit via liquid cooling. This will ensure a longer life cycle and more stable performance. The VELITE 6 electric vehicle will adopt a new-generation pure electric drive system to offer customers a smooth, quiet and natural driving experience. The flexible and open cloud-based Buick eConnect technology in both models enables cutting-edge services and over-the-air update capability. With exclusive accounts, users can personalize their settings for OnStar, navigation, internet use and more. Music and destinations can be sent to the car display screen via WeChat in real time, for one-button navigation and listening. Users can also directly receive information about their vehicles’ condition and recommended maintenance. VELITE 6 users’ smartphones serve as a virtual key to enter and start the vehicle. They can authorize others to use their vehicles through their phones as well. Additional functions and new features will continuously be added to improve the user experience. View full article
  11. http://carsalesbase.com/china-car-sales-analysis-2017-brands/ Have to say this site is great for looking at the numbers. Will say that Buick slipped from #2 in 2016 to #4. Check out the list for the full 77 auto manufactures in China. WOW 77 auto companies. Sales pecking order is as follows: VW top dog Honda Geely Buick Toyota Nissan Changan Baojun Haval Ford Hyundai Dongfeng Chevrolet BAIC Audi Wuling GAC Chery Mercedes-Benz BYD SAIC Roewe BMW KIA Skoda Mazda Zotye Huansu Peugeot JAC Jeep FAW Cadillac
  12. Lincoln only established itself in China back in 2015, but it is proving to be quite successful. Last year, Lincoln sold 54,124 models in the country. But the brand has big ambitions and believes it could sell more models in the world's largest auto market if they started building models there. According to Reuters, Lincoln is planning on building up five new vehicles in China by 2022. Officially, Ford has announced a new crossover for the Chinese market in 2019. But sources tell the news service that the automaker is planning on building the upcoming Aviator in China by late 2019 or early 2020. This will be followed by the successors to the MKC and MKZ, and the Nautilus 2021. Wrapping up Lincoln's China production plans is a small, coupe-like crossover expected in 2022. “Our localization plans to support the China market are on track and will serve to further drive Lincoln’s growth in China. Beyond that, it would be premature to discuss our future product and production plans or timing,” said Lincoln spokeswoman Angie Kozleski when reached for comment. Moving production to China would help Lincoln immensely. Currently, Ford imports Lincoln models from the U.S. to China. This means they get hit with a 25 percent tariff and aren't able to compete with the likes of Cadillac and the Germans. Even if China does reduce the tariff on imported vehicles - something Chinese President Xi Jinping promised earlier this week, it might not make a big enough difference for Lincoln to close the gap. “As long as Lincolns are not manufactured in China, the brand’s sales will no doubt suffer continuously,” said Zhu Kongyuan, Secretary General of the China Auto Dealers Chamber of Commerce. Not helping matters is the war of words between the U.S. and China, and the possibility of a trade war on the horizon. Source: Reuters View full article
  13. Lincoln only established itself in China back in 2015, but it is proving to be quite successful. Last year, Lincoln sold 54,124 models in the country. But the brand has big ambitions and believes it could sell more models in the world's largest auto market if they started building models there. According to Reuters, Lincoln is planning on building up five new vehicles in China by 2022. Officially, Ford has announced a new crossover for the Chinese market in 2019. But sources tell the news service that the automaker is planning on building the upcoming Aviator in China by late 2019 or early 2020. This will be followed by the successors to the MKC and MKZ, and the Nautilus 2021. Wrapping up Lincoln's China production plans is a small, coupe-like crossover expected in 2022. “Our localization plans to support the China market are on track and will serve to further drive Lincoln’s growth in China. Beyond that, it would be premature to discuss our future product and production plans or timing,” said Lincoln spokeswoman Angie Kozleski when reached for comment. Moving production to China would help Lincoln immensely. Currently, Ford imports Lincoln models from the U.S. to China. This means they get hit with a 25 percent tariff and aren't able to compete with the likes of Cadillac and the Germans. Even if China does reduce the tariff on imported vehicles - something Chinese President Xi Jinping promised earlier this week, it might not make a big enough difference for Lincoln to close the gap. “As long as Lincolns are not manufactured in China, the brand’s sales will no doubt suffer continuously,” said Zhu Kongyuan, Secretary General of the China Auto Dealers Chamber of Commerce. Not helping matters is the war of words between the U.S. and China, and the possibility of a trade war on the horizon. Source: Reuters
  14. Later this month, Buick will be debuting an all-electric concept SUV named the Enspire. The teaser picture released by Buick shows off a rakish back window and a taillight that runs the full length of the rear. "The Enspire leverages GM’s global resources and is an exploration of design and new technologies. It is the brand’s latest example of innovation and application of future electric smart mobility," Buick said in a press release. We're not surprised that Buick is showing off an electric concept in China. Last year, Chinese buyers bought 1.18 million Buick models - compared to the 219,231 sold in the U.S. China is also pushing automakers to build electric vehicles to help reduce emissions in the country. We'll have more information when the Enspire debuts on April 17th during Buick Brand Night. Source: Buick Press Release is on Page 2 Buick Enspire Concept SUV to Make Global Debut in China SHANGHAI – Buick today announced that the Enspire, its new all-electric concept SUV, will make its global debut at Buick Brand Night on April 17 in Wuzhen, Zhejiang. It will also be on display to the public at Auto China 2018 in Beijing, which begins later this month. The Enspire leverages GM’s global resources and is an exploration of design and new technologies. It is the brand’s latest example of innovation and application of future electric smart mobility. View full article
  15. Later this month, Buick will be debuting an all-electric concept SUV named the Enspire. The teaser picture released by Buick shows off a rakish back window and a taillight that runs the full length of the rear. "The Enspire leverages GM’s global resources and is an exploration of design and new technologies. It is the brand’s latest example of innovation and application of future electric smart mobility," Buick said in a press release. We're not surprised that Buick is showing off an electric concept in China. Last year, Chinese buyers bought 1.18 million Buick models - compared to the 219,231 sold in the U.S. China is also pushing automakers to build electric vehicles to help reduce emissions in the country. We'll have more information when the Enspire debuts on April 17th during Buick Brand Night. Source: Buick Press Release is on Page 2 Buick Enspire Concept SUV to Make Global Debut in China SHANGHAI – Buick today announced that the Enspire, its new all-electric concept SUV, will make its global debut at Buick Brand Night on April 17 in Wuzhen, Zhejiang. It will also be on display to the public at Auto China 2018 in Beijing, which begins later this month. The Enspire leverages GM’s global resources and is an exploration of design and new technologies. It is the brand’s latest example of innovation and application of future electric smart mobility.
  16. China will soon be introducing regulations where automakers have to sell a certain amount of electric vehicles. This has caused a number of automakers to introduce new models and plan new alliances. The Nikkei Asian Review reports that Mazda is planning to develop a new electric vehicle with their Chinese partner, Changan Automobile Group. The model is expected to be an SUV. Changan will provide the majority of the electric drivetrain while Mazda will produce the bodies. Mazda and Changan have been in a 50:50 joint-venture partnership since 2012, but the two have been working together since the 2000s. Currently, the venture builds the CX-3, CX-5, and Axela hatchback and sedan. This isn't only partnership Mazda has in terms of developing electric vehicles. Last year, Mazda and Toyota announced a new partnership that included plans for developing electric vehicle technologies. Source: Nikkei Asian Review
  17. China will soon be introducing regulations where automakers have to sell a certain amount of electric vehicles. This has caused a number of automakers to introduce new models and plan new alliances. The Nikkei Asian Review reports that Mazda is planning to develop a new electric vehicle with their Chinese partner, Changan Automobile Group. The model is expected to be an SUV. Changan will provide the majority of the electric drivetrain while Mazda will produce the bodies. Mazda and Changan have been in a 50:50 joint-venture partnership since 2012, but the two have been working together since the 2000s. Currently, the venture builds the CX-3, CX-5, and Axela hatchback and sedan. This isn't only partnership Mazda has in terms of developing electric vehicles. Last year, Mazda and Toyota announced a new partnership that included plans for developing electric vehicle technologies. Source: Nikkei Asian Review View full article
  18. The Nissan Titan will soon be available for sale in China. According to Automotive News, Nissan is planning to export Titans from their Canton, Mississippi plant to China to hopefully take a slice of the country's commercial and construction segments. But Nissan North America's Chairman Jose Munoz admits there's another reason for the Titan in China. "The Chinese look very much to the United States and they see pickups driving families here. They asked, Why don't we have those pickups here?" said Munoz. Nissan is saying how many Titans it will be sending to China, but Munoz said there isn't a lot of factory capacity to build out more Titans at the moment. This seems to mesh with Nissan's plan on launch the Titan family of trucks into other markets we on reported last month . Source: Automotive News (Subscription Required) View full article
  19. William Maley

    Nissan Sending the Titan to China

    The Nissan Titan will soon be available for sale in China. According to Automotive News, Nissan is planning to export Titans from their Canton, Mississippi plant to China to hopefully take a slice of the country's commercial and construction segments. But Nissan North America's Chairman Jose Munoz admits there's another reason for the Titan in China. "The Chinese look very much to the United States and they see pickups driving families here. They asked, Why don't we have those pickups here?" said Munoz. Nissan is saying how many Titans it will be sending to China, but Munoz said there isn't a lot of factory capacity to build out more Titans at the moment. This seems to mesh with Nissan's plan on launch the Titan family of trucks into other markets we on reported last month . Source: Automotive News (Subscription Required)
  20. Ford has announced a new joint venture with Chinese automaker Zotye on affordable electric vehicles for the Chinese market. Named Zotye Ford Automobile, the venture will see the two automakers develop and manufacture electric vehicles for a new brand. Ford and Zotye will be investing a total of 5 billion RMB (about $756 million) on this venture. Part of that investment will go towards a new manufacturing plant in the Zhejiang Province. The two automakers will also work on mobility solutions. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," said Peter Fleet, Ford group vice president and president of the Asia Pacific region. Zoyte knows a thing or two about selling EVs in China. The company has sold 22,500 small EVs within the first 10 months of the year. Zoyte is also very infamous for building the T700 which is a copy of the Porsche Macan crossover. Source: Ford Press Release is on Page 2 FORD AND ZOTYE SIGN DEFINITIVE JV AGREEMENT IN CHINA TO MEET GROWING DEMAND FOR ALL-ELECTRIC VEHICLES Ford and Zotye signed a definitive joint venture agreement to establish Zotye Ford Automobile Co. Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable electric vehicles for consumers in China Pending regulatory approval, the new JV will develop and manufacture all-electric vehicles under a new Chinese brand Zotye Ford also plans to build a new manufacturing plant in Zhejiang Province. A new dedicated sales and service network also will be established Ford and Zotye also will explore the opportunity to offer new mobility services in China to help provide solutions for emerging transportation challenges Beijing, Nov. 8, 2017 -- Ford Motor Company and Zotye today reached a definitive agreement to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. The establishment of the JV is a key step by Ford towards realizing its vision of a cleaner, more environmentally-sustainable future. The new JV will leverage a combined investment of 5 billion RMB (approximately U.S. $756 million). The new JV builds upon Ford’s ambitious China electrification strategy. Ford announced earlier this year that at least 70 percent of Ford-branded vehicles sold in the country will offer electrified powertrain options by 2025. Zotye Ford plans to build a dedicated product research and development center as well as its own sales and services network. A new manufacturing plant for the JV will be constructed in Zhejiang Province. The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," Fleet said. "We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers." In addition to the new JV, Ford and Zotye will explore offering mobility services to consumers in China as local demand for such solutions continues to grow. Through this new JV, Ford commits to actively support the advancement of a more environmentally sustainable auto industry in China through local research and development as well as domestic production of all-electric vehicles. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. It is the market leader in China’s all-electric small vehicle segment and sold more than 22,500 all-electric vehicles year-to-date through October, representing a growth of over 14 percent year-over-year. The JV will benefit from Zotye’s expertise in designing and commercializing EVs in China, and Ford’s global product development and technology capabilities. “This is an important day for Zotye as we partner with Ford to help advance the growth of the Chinese auto industry,” said Zotye’s Ying. “We will work closely together to help meet Chinese consumers’ growing demand for electric vehicles.” Upon its establishment, the new JV will expand Ford’s footprint in China. Ford already operates successful vehicle joint ventures with Changan Ford Automobile Corporation, Ltd. and Jiangling Motors Corporation. Ford will continue working closely with its JV partners to develop and manufacture New Energy Vehicles to meet rising consumer demand in China during the impending electrification phase of the Chinese auto industry. View full article
  21. Ford has announced a new joint venture with Chinese automaker Zotye on affordable electric vehicles for the Chinese market. Named Zotye Ford Automobile, the venture will see the two automakers develop and manufacture electric vehicles for a new brand. Ford and Zotye will be investing a total of 5 billion RMB (about $756 million) on this venture. Part of that investment will go towards a new manufacturing plant in the Zhejiang Province. The two automakers will also work on mobility solutions. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," said Peter Fleet, Ford group vice president and president of the Asia Pacific region. Zoyte knows a thing or two about selling EVs in China. The company has sold 22,500 small EVs within the first 10 months of the year. Zoyte is also very infamous for building the T700 which is a copy of the Porsche Macan crossover. Source: Ford Press Release is on Page 2 FORD AND ZOTYE SIGN DEFINITIVE JV AGREEMENT IN CHINA TO MEET GROWING DEMAND FOR ALL-ELECTRIC VEHICLES Ford and Zotye signed a definitive joint venture agreement to establish Zotye Ford Automobile Co. Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable electric vehicles for consumers in China Pending regulatory approval, the new JV will develop and manufacture all-electric vehicles under a new Chinese brand Zotye Ford also plans to build a new manufacturing plant in Zhejiang Province. A new dedicated sales and service network also will be established Ford and Zotye also will explore the opportunity to offer new mobility services in China to help provide solutions for emerging transportation challenges Beijing, Nov. 8, 2017 -- Ford Motor Company and Zotye today reached a definitive agreement to establish Zotye Ford Automobile Co., Ltd., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. The agreement was signed in Beijing today by Peter Fleet, Ford group vice president and president, Ford Asia Pacific, and Ying Jianren, chairman of Tech-New Group Ltd. and board director of Zotye Auto. Pending regulatory approval, the new JV will design, build, market and distribute all-electric passenger vehicles for China, the world’s leading electric vehicle market. The establishment of the JV is a key step by Ford towards realizing its vision of a cleaner, more environmentally-sustainable future. The new JV will leverage a combined investment of 5 billion RMB (approximately U.S. $756 million). The new JV builds upon Ford’s ambitious China electrification strategy. Ford announced earlier this year that at least 70 percent of Ford-branded vehicles sold in the country will offer electrified powertrain options by 2025. Zotye Ford plans to build a dedicated product research and development center as well as its own sales and services network. A new manufacturing plant for the JV will be constructed in Zhejiang Province. The all-electric vehicles produced by the JV will be sold under a new Chinese brand designed to meet Chinese consumers’ aspirations for electric vehicles. “We are delighted to have signed this joint venture agreement with Zotye to form our third joint venture automotive company in China. Subject to regulatory approval, Zotye Ford will introduce a new brand family of small all-electric vehicles," Fleet said. "We will be exploring innovative vehicle connectivity and mobility service solutions for a new generation of young city-dwelling Chinese customers." In addition to the new JV, Ford and Zotye will explore offering mobility services to consumers in China as local demand for such solutions continues to grow. Through this new JV, Ford commits to actively support the advancement of a more environmentally sustainable auto industry in China through local research and development as well as domestic production of all-electric vehicles. Zotye Auto is a pioneer in the Chinese all-electric vehicle segment. It is the market leader in China’s all-electric small vehicle segment and sold more than 22,500 all-electric vehicles year-to-date through October, representing a growth of over 14 percent year-over-year. The JV will benefit from Zotye’s expertise in designing and commercializing EVs in China, and Ford’s global product development and technology capabilities. “This is an important day for Zotye as we partner with Ford to help advance the growth of the Chinese auto industry,” said Zotye’s Ying. “We will work closely together to help meet Chinese consumers’ growing demand for electric vehicles.” Upon its establishment, the new JV will expand Ford’s footprint in China. Ford already operates successful vehicle joint ventures with Changan Ford Automobile Corporation, Ltd. and Jiangling Motors Corporation. Ford will continue working closely with its JV partners to develop and manufacture New Energy Vehicles to meet rising consumer demand in China during the impending electrification phase of the Chinese auto industry.
  22. Last month, General Motors announced an ambitious plan to launch 20 electric and hydrogen vehicles by 2023 with all of their brands playing a role. But Buick could be playing a prominent role in this plan. Duncan Aldred, vice president of sales and marketing at Buick-GMC tells Wards Auto that Buick will play a "huge part” in the coming years when it comes to EVs. “We will have multiple entries in a fairly short period of time. We’re GM’s biggest brand in the world’s biggest market. You’ll see a number of different technologies to go toward (our) zero-emissions objective,” said Aldred. That biggest market Aldred is referring to is China. In 2019, the country will require 10 percent of an automaker’s sales to be made up of low and zero-emission models. This rises to 12 percent in 2020. “A lot of the electrification adoption will be driven by legislation.” Already, Buick sells a hybrid version of the LaCrosse and rebadged Chevrolet Volt as the Velite5 in China. Rumor has it that Buick is working on an electric crossover using the Chevrolet Bolt as a base. Aldred wouldn't go into what Buick's plan entails, only saying that will not only be electric vehicles. Source: Wards Auto View full article
  23. Last month, General Motors announced an ambitious plan to launch 20 electric and hydrogen vehicles by 2023 with all of their brands playing a role. But Buick could be playing a prominent role in this plan. Duncan Aldred, vice president of sales and marketing at Buick-GMC tells Wards Auto that Buick will play a "huge part” in the coming years when it comes to EVs. “We will have multiple entries in a fairly short period of time. We’re GM’s biggest brand in the world’s biggest market. You’ll see a number of different technologies to go toward (our) zero-emissions objective,” said Aldred. That biggest market Aldred is referring to is China. In 2019, the country will require 10 percent of an automaker’s sales to be made up of low and zero-emission models. This rises to 12 percent in 2020. “A lot of the electrification adoption will be driven by legislation.” Already, Buick sells a hybrid version of the LaCrosse and rebadged Chevrolet Volt as the Velite5 in China. Rumor has it that Buick is working on an electric crossover using the Chevrolet Bolt as a base. Aldred wouldn't go into what Buick's plan entails, only saying that will not only be electric vehicles. Source: Wards Auto
  24. Drew Dowdell

    Ford Moving Focus Production to China

    Ford announced today that once the current Ford Focus ends production in mid-2018, the model will shift production of the 2019 Ford Focus to China rather than Mexico. The Focus is currently built at Ford's Michigan Assembly in Wayne, MI along side the C-Max Hybrid. It has been known since mid-2015 that Focus production would be moving out of the U.S. once this model run was finished. During the 2016 Presidential election, then Candidate Trump criticized Ford for the move to Mexico, however Ford pointed out that they were making room for the upcoming Ford Ranger and Ford Bronco and that no jobs at Wayne Assembly will be lost as it retools for truck and SUV production. The Ford Focus will be the third vehicle sold in the United States built in China. The other models currently manufactured in China for U.S. consumption are the Volvo S60 Inscription and the Buick Envision. Ford states this move will save $500 million on top of $500 million projected from a move to Mexico. Part of that savings comes from a reduction of the number of plants. Ford will only re-tool the plant in China rather than both China and North America. In the same announcement, Ford stated they will spend $900 million to retool its Kentucky Truck plant for the new 2018 Ford Expedition and 2018 Lincoln Navigator. No word as to which vehicle will take the place of the Focus in the Mexico plant. Press Release on Page 2 Source: Ford Media, Picture courtesy of Ford Motor Company FORD INVESTS IN KY. PLANT TO BUILD NEW EXPEDITION, NAVIGATOR; SMART, SPACIOUS NEW FOCUS FOR N.A. TO BE GLOBALLY SOURCED Ford is investing $900 million in Kentucky Truck Plant, securing 1,000 U.S. hourly jobs to build all-new Ford Expedition and Lincoln Navigator All-new Ford Expedition and Lincoln Navigator to be exported to more than 55 markets globally – including Navigator to China; the company is a top auto exporter in the U.S. Exciting new Ford Focus on the way for North American customers beginning in 2019 with more technology, more space and a number of new Focus models. Next-generation Focus for North America will be globally sourced primarily from China – rather than Hermosillo, Mexico – with production starting in the second half of 2019. Current model production ends in mid-2018 This manufacturing plan allows the company to further grow its leadership as an exporter and deliver world-class Focus to North American customers in a way that makes business sense – with no U.S. employees out of a job Ford is saving $1 billion in investment costs versus its original Focus production plan, improving the financial health of its Focus business and further improving manufacturing scale in China – all helping create a more operationally fit company DEARBORN, Mich., June 20, 2017 – Ford today announced manufacturing actions centered on improving the company’s operational fitness and building vehicles that excite customers around the world. Ford is investing $900 million in Kentucky Truck Plant for plant upgrades to build the all-new Ford Expedition and Lincoln Navigator, which begin arriving in dealerships this fall. Both full-size SUVs will be exported to more than 55 markets globally – including Navigator to China. Ford is a top auto exporter in the U.S. The $900 million investment secures 1,000 jobs for hourly workers at the Louisville plant. This is in addition to the $1.3 billion investment and 2,000 jobs created at that plant in late 2015 to build the all-new Ford Super Duty. Kentucky Truck employs nearly 7,600 full-time hourly workers – and Ford has more U.S. hourly workers and builds more vehicles in the U.S. than any other automaker. “Large SUVs are attracting a new generation around the world – and we’re finding new ways to deliver the capability, versatility and technology that customers around the world really want with our all-new Ford Expedition and Lincoln Navigator,” said Joe Hinrichs, Ford executive vice president and president, Global Operations. “At the same time, we also have looked at how we can be more successful in the small car segment and deliver even more choices for customers in a way that makes business sense.” Ford’s next-generation Ford Focus will be more spacious and packed with technology that customers want. Production begins in the second half of 2019, with models coming from the company’s existing Focus plants globally. Most new North American Focus models initially will come from China, with additional variants coming from Europe later. No U.S. hourly employees will be out of a job tied to the new manufacturing plan for Focus. Production of the current North American Focus at the Michigan Assembly Plant continues through mid-2018. Following that, the plant will be converted to produce the Ranger midsize pickup truck in late 2018 and the Bronco midsize SUV in 2020. The new North America Focus production plan saves $1 billion in investment costs versus the original plan – $500 million on top of the $500 million savings announced earlier this year by cancelling plans for an all-new manufacturing facility in San Luis Potosi, Mexico, and moving Focus production to Ford’s Hermosillo, Mexico, plant. “Finding a more cost-effective way to deliver the next Focus program in North America is a better plan, allowing us to redeploy the money we save into areas of growth for the company – especially sport utilities, commercial vehicles, performance vehicles as well as mobility, autonomous vehicles and electrified vehicles,” Hinrichs said.
  25. Ford announced today that once the current Ford Focus ends production in mid-2018, the model will shift production of the 2019 Ford Focus to China rather than Mexico. The Focus is currently built at Ford's Michigan Assembly in Wayne, MI along side the C-Max Hybrid. It has been known since mid-2015 that Focus production would be moving out of the U.S. once this model run was finished. During the 2016 Presidential election, then Candidate Trump criticized Ford for the move to Mexico, however Ford pointed out that they were making room for the upcoming Ford Ranger and Ford Bronco and that no jobs at Wayne Assembly will be lost as it retools for truck and SUV production. The Ford Focus will be the third vehicle sold in the United States built in China. The other models currently manufactured in China for U.S. consumption are the Volvo S60 Inscription and the Buick Envision. Ford states this move will save $500 million on top of $500 million projected from a move to Mexico. Part of that savings comes from a reduction of the number of plants. Ford will only re-tool the plant in China rather than both China and North America. In the same announcement, Ford stated they will spend $900 million to retool its Kentucky Truck plant for the new 2018 Ford Expedition and 2018 Lincoln Navigator. No word as to which vehicle will take the place of the Focus in the Mexico plant. Press Release on Page 2 Source: Ford Media, Picture courtesy of Ford Motor Company FORD INVESTS IN KY. PLANT TO BUILD NEW EXPEDITION, NAVIGATOR; SMART, SPACIOUS NEW FOCUS FOR N.A. TO BE GLOBALLY SOURCED Ford is investing $900 million in Kentucky Truck Plant, securing 1,000 U.S. hourly jobs to build all-new Ford Expedition and Lincoln Navigator All-new Ford Expedition and Lincoln Navigator to be exported to more than 55 markets globally – including Navigator to China; the company is a top auto exporter in the U.S. Exciting new Ford Focus on the way for North American customers beginning in 2019 with more technology, more space and a number of new Focus models. Next-generation Focus for North America will be globally sourced primarily from China – rather than Hermosillo, Mexico – with production starting in the second half of 2019. Current model production ends in mid-2018 This manufacturing plan allows the company to further grow its leadership as an exporter and deliver world-class Focus to North American customers in a way that makes business sense – with no U.S. employees out of a job Ford is saving $1 billion in investment costs versus its original Focus production plan, improving the financial health of its Focus business and further improving manufacturing scale in China – all helping create a more operationally fit company DEARBORN, Mich., June 20, 2017 – Ford today announced manufacturing actions centered on improving the company’s operational fitness and building vehicles that excite customers around the world. Ford is investing $900 million in Kentucky Truck Plant for plant upgrades to build the all-new Ford Expedition and Lincoln Navigator, which begin arriving in dealerships this fall. Both full-size SUVs will be exported to more than 55 markets globally – including Navigator to China. Ford is a top auto exporter in the U.S. The $900 million investment secures 1,000 jobs for hourly workers at the Louisville plant. This is in addition to the $1.3 billion investment and 2,000 jobs created at that plant in late 2015 to build the all-new Ford Super Duty. Kentucky Truck employs nearly 7,600 full-time hourly workers – and Ford has more U.S. hourly workers and builds more vehicles in the U.S. than any other automaker. “Large SUVs are attracting a new generation around the world – and we’re finding new ways to deliver the capability, versatility and technology that customers around the world really want with our all-new Ford Expedition and Lincoln Navigator,” said Joe Hinrichs, Ford executive vice president and president, Global Operations. “At the same time, we also have looked at how we can be more successful in the small car segment and deliver even more choices for customers in a way that makes business sense.” Ford’s next-generation Ford Focus will be more spacious and packed with technology that customers want. Production begins in the second half of 2019, with models coming from the company’s existing Focus plants globally. Most new North American Focus models initially will come from China, with additional variants coming from Europe later. No U.S. hourly employees will be out of a job tied to the new manufacturing plan for Focus. Production of the current North American Focus at the Michigan Assembly Plant continues through mid-2018. Following that, the plant will be converted to produce the Ranger midsize pickup truck in late 2018 and the Bronco midsize SUV in 2020. The new North America Focus production plan saves $1 billion in investment costs versus the original plan – $500 million on top of the $500 million savings announced earlier this year by cancelling plans for an all-new manufacturing facility in San Luis Potosi, Mexico, and moving Focus production to Ford’s Hermosillo, Mexico, plant. “Finding a more cost-effective way to deliver the next Focus program in North America is a better plan, allowing us to redeploy the money we save into areas of growth for the company – especially sport utilities, commercial vehicles, performance vehicles as well as mobility, autonomous vehicles and electrified vehicles,” Hinrichs said. View full article

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