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Auto Industry

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Carmakers react to electric vehicle subsidy cuts
Apr 5, 2019 (WiC 447)

The northern hemisphere rarely gets a blast of winter in April. But it is certainly coming for fans of the TV series Game of Thrones, who can’t wait for the start of the final season this month. That includes China, where the show is ...

Tesla cuts prices – and NIO’s shares dive
Mar 22, 2019 (WiC 445)

In China there is a view that he has “infringed consumers’ legal interests” (as one protest banner proclaimed). But back at home in the US, he thinks his own rights to free speech have been trampled by an over-mighty regulator. Welcome ...

Engine of growth

Geely in deal to boost use of Toyota’s hybrid technologies in China
Feb 8, 2019 (WiC 440)

They may be allies, straddling either side of the Pacific Ocean, but the US and Japan are adopting different approaches when it comes to technology transfers with China. The Trump administration is determined to put the brakes on the practice as ...

Ever electric Evergrande

After Faraday, property giant gets new EV partner
Jan 25, 2019 (WiC 438)

Soon after resolving its conflicts with Faraday Future, a Los Angeles-based start-up (see WiC428), China’s leading real estate developer Evergrande took almost no time to find another partner to bolster its ambitions in electric cars. On ...

Dealers in distress

China’s biggest online car sales platform in crosshairs over fee hike
Jan 25, 2019 (WiC 438)

The English idiom “rubbing salt into the wound” has many equivalents in the Chinese language’s vast vocabulary of ancient phrases. Xueshangjiashuang (adding hail to snow), huoshangjiaoyou (pouring oil on fire) or ...

The host with the most

China welcomes Tesla founder as the clock starts ticking on local production
Jan 18, 2019 (WiC 437)

Two months, two executives and two very different business trips. In the first trip in December, Huawei’s chief financial officer Meng Wanzhou touched down in Canada. To her chagrin, the daughter of Huawei’s founder Ren Zhengfei was then ...

Singapore surprise

Dyson chooses the Lion City for its car plant; China is the target market
Nov 2, 2018 (WiC 430)

Southeast Asian business groups run by the Chinese diaspora have always been influential in their ancestral home. Known as ‘the Bamboo Network’, they provided financial backing for China’s economic development after 1978 and their special ...

Evergrande deal unravels
Oct 19, 2018 (WiC 428)

The creditworthiness of troubled tycoon Jia Yueting is running as thin as his depleting circle of friends. In 2016, when the carmaking unit of Jia’s media conglomerate LeEco was in dire need of funding, Xinhua reported that his business ...

In the driving seat

BMW to take control of Brilliance China
Oct 19, 2018 (WiC 428)

The opening up of China’s market to foreign investment has always been an intricate journey. Notably Brilliance China has played the role of trailblazer at critical junctures. In 1991 Yang Rong became the first private sector entrepreneur to ...

Sum of its parts

Geely’s suppliers go public with their complaints
Oct 5, 2018 (WiC 427)

The world’s second and third richest car billionaires have been experiencing very contrasting years. On one side is America’s Elon Musk, who ranks second on the Forbes rich list behind BMW’s Susanne Klatten. In recent months, he has ...

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