China

China light-vehicle sales advance 11% in April

China’s new-vehicle sales continued to grow in April on demand for sedans, crossovers, SUVs, multipurpose vehicles and minibuses, but a top trade group warned a growing chip shortage will undermine second quarter output and possibly sales.

Overall, deliveries have now climbed 13 straight months year over year as the industry moves beyond the pandemic.

Deliveries of new light vehicles — sedans, crossovers, SUVs, multipurpose vehicles and minibuses – advanced 11 percent to top 1.7 million, the China Association of Automobile Manufacturers said Wednesday.

Behind a 77 percent rebound in the first quarter compared with the same coronavirus-battered early months of

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China Tech Giants Bet $19 Billion on Global Electric Car Frenzy

China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.

While Apple Inc. has long had plans for its own car and Alphabet Inc. has Waymo, its autonomous driving unit, the size — and speed — of the move by China’s tech titans puts them at the vanguard of that broader push. The lure is an industry that’s becoming increasingly high tech as it pivots

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Tesla developing a data platform for car owners in China

Bloomberg

Asia Is Exception as Emerging Markets Start to Look Fragile

(Bloomberg) — EXAMPLEDiscover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.In the pandemic’s second year, some familiar worries — about inflation, capital flight or public debt — are starting to surface across the developing world. Except in one corner.In Asia, policy makers aren’t too preoccupied with these classic emerging-market problems. Their economies look increasingly like they’ve emerged.That’s largely down to lessons learned from the traumas of the past three decades –- from the

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DuPont Builds Adhesives Plant in China

DuPont announced today that it is investing approximately $30 million to build a new manufacturing facility in Zhangjiagang, Jiangsu Province, in East China. The facility will produce adhesives to serve customers in the transportation industry, specifically targeting two industry mega trends — vehicle electrification and lightweighting. Construction will begin in Q3 of this year, and the facility is expected to be operational by early 2023.

The facility at the Yangtze River International Chemical Industrial Park in the Zhangjiagang Free Trade Zone will support growing demand for its advanced solutions in adhesive technology, said DuPont Mobility & Materials in the announcement.

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MAHLE Posts Record Sales In China For 2020

Despite the ongoing difficult situation in the global automotive markets due to the coronavirus pandemic, MAHLE posted record sales in China for the 2020 business year. Adjusted for negative exchange rate effects, the Stuttgart-based automotive supplier’s business in China grew by almost 4 percent compared with the previous year to EUR 1,303 million. 

The Thermal Management business unit proved the Group’s strongest segment in terms of sales, accounting for some EUR 370 million, or almost 30 percent of total sales. The Filtration and Engine Peripherals business line developed especially positively, increasing its sales by around 10 percent to some EUR

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All-New Ford EVOS EV Debuts At Shanghai Auto Show In China

Earlier this year, Ford announced that the Chinese 2021 Ford Mustang Mach-E would be produced by Changan Ford, a 50:50 joint venture between Changan Automobile and Ford Motor Company, in China for local customers. That model is now available to order, but it won’t be the only all-electric Blue Oval product in Ford’s Chinese lineup, because today, the Ford EVOS made its global debut at Auto Shanghai 2021.

The Ford EVOs is the first vehicle developed under Ford’s China 2.0 plan, as well as the first vehicle reflecting the company’s “Progressive Energy in Strength” design philosophy that aligns with Chinese

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