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[1/2] A sign is seen outside a Tianjin Faw Toyota Motor Co. Ltd showroom, a joint venture between China's Tianjin FAW Xiali Automobile Co Ltd and Japan's automaker Toyota Motor Corp, in central Beijing October 9, 2012. The production halt at the Tianjin venture with China's FAW was a planned move, and Toyota is adjusting production based on "changes in the composition of vehicle models", a spokesperson said by email. Japan's Jiji news service said on Friday the world's largest automaker by sales was suspending some production as part of a major production adjustment in response to weak sales of gasoline-engine cars. Reuters reported last month that Toyota had told dealers it would extend a plan to reduce output at the FAW venture. Slowing sales pose a growing challenge to Toyota in China which accounted for nearly a fifth of Toyota's worldwide sales of about 8.5 million vehicles over the first 10 months of the year, including sales of its luxury Lexus brand.
Persons: David Gray, David Kirton, Brenda Goh Organizations: Tianjin Faw Toyota Motor Co, China's Tianjin FAW Xiali Automobile Co Ltd, Japan's, Toyota Motor Corp, REUTERS, Rights, Toyota, China's FAW, FAW, Reuters, Lexus, Thomson Locations: Beijing, Rights SHENZHEN, China, Tianjin, Shenzhen, Shanghai
Toyota partially halts output at Tianjin plant in China - Jiji
  + stars: | 2023-12-01 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Johanna Geron/File Photo Acquire Licensing RightsTOKYO, Dec 1 (Reuters) - Japan's Toyota Motor (7203.T) is partially suspending production at its plant in Tianjin, China, the Jiji news service reported on Friday, as global automakers face strong sales competition in the world's top auto market. A spokesperson for Toyota China did not immediately comment on the report. A representative for FAW (SASACJ.UL), Toyota's joint venture (JV) in the Tianjin plant, said he was not immediately able to comment. Reuters reported last month that Toyota has told dealers it will extend a plan to reduce output at its JV with FAW in China. Its sales and production in China over that period slipped compared to 2022 amid the rising competition.
Persons: Johanna Geron, Jiji, Daniel Leussink, Rocky Swift, Brenda Goh, Edmund Klamann, Christina Fincher Organizations: Toyota, REUTERS, Rights, Toyota China, FAW, Reuters, JV, Lexus, China Association of Automobile Manufacturers, Thomson Locations: Zaventem, Belgium, Tianjin, China, Europe, North America, Tokyo, Shanghai
Main auto partner Chongqing Changan Automobile (000625.SZ) and relevant parties will own up to 40% of the new firm, a Changan Auto statement showed on Sunday. Neither Changan Auto nor Huawei disclosed financial details. Changan Auto referred Reuters to its Sunday statement and declined to comment further. Huawei has partnerships with other auto companies, including Seres Group (601127.SS) and Jianghuai Automobile (600418.SS), as well as with Changan Auto involving EV brands Avatr and Deepal. The proposed deal will also smooth the way for the business' listing, as Huawei had planned, said two of the people.
Persons: Ren Zhengfei, Ren, Richard Yu, Julie Zhu, Zhuzhu Cui, David Kirton, Brenda Goh, Christopher Cushing Organizations: Huawei Technologies, Changan Auto, Bosch, Chongqing Changan Automobile, Huawei, Auto, China Ordnance Equipment Group, China South Industries, FAW Group, Dongfeng Motor, HK, Reuters, Seres, Jianghuai, Changan, EV, Thomson Locations: HONG KONG, SHANGHAI, Chongqing, China, Changan, Shanghai
Volkswagen electric ID car is seen during a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. Chinese new car buyers are younger, tech savvy and like a immersive digital experience from their cars, he added. China was a very “price-sensitive” market and Volkswagen needed to optimise costs, Brandstaetter said. Volkswagen in July struck a deal with Chinese EV maker Xpeng Inc (9868.HK) to boost its EV line up. It has two new models under development as part of that partnership that will target mid-level consumers and be produced on an older generation Xpeng platform.
Persons: Aly, Ralf Brandstaetter, Brandstaetter, , Luehrmann, Volkswagen's, Zhang Yan, Brenda Goh, Victoria Waldersee, Kim Coghill Organizations: Volkswagen, SAIC Volkswagen, REUTERS, Rights, Volkswagen Group China Technology Company, SAIC, FAW, JAC Motors, Xpeng, HK, Thomson Locations: Shanghai, China, Rights HEFEI, BERLIN, Hefei, BYD, Germany
HONG KONG, Aug 23 (Reuters Breakingviews) - Volkswagen’s (VOWG_p.DE) China shortcut sets a tricky roadmap for its western rivals. An increasingly competitive Chinese market means others may also need to plot a new route. VW’s western peers may feel they do not need to follow in its tracks. Second, VW’s Xpeng deal highlights how companies need to adapt quickly to stay relevant in China. Both partnerships will see the companies jointly develop intelligent, connected electric vehicles for the Chinese market.
Persons: China’s, that’s, Bernstein, Alix, Elon Musk’s, VW’s, Auto, Neil Unmack, Pranav Kiran, Thomas Shum Organizations: Reuters, HK, FAW, SAIC, VW, BMW, upstarts, Alix Partners, Elon, Mercedes, Benz, Nissan, General Motors, Honda, Toyota, Volkswagen, Volkswagen’s Audi, Zhejiang Leapmotor Technology, Jetta, Thomson Locations: HONG KONG, China, Xpeng, Kingdom, Shanghai, Hong Kong, Zhejiang
BYD (002594.SZ) used an event this week to mark a production milestone to celebrate a bigger purpose: the emergence of China as a global auto manufacturing powerhouse. China's automakers are locked in a bruising price war that was started by Tesla (TSLA.O) in January and which shows no signs of easing. It ends with a call for China's automakers to "demolish the old legends and achieve new world-class brands," under the slogan, "Chinese Autos". said Li Xiang, CEO of Li Auto, who reposted the BYD video. In July, the industry group representing China's automakers retracted a pledge to avoid "abnormal pricing" brokered between 16 automakers, including BYD.
Persons: Aly, Wang Chuanfu, BYD –, BYD, Li Auto, William Li, Li Xiang, Wang Yuanli, Wall, Wang, Great Wall, Zhang Yan, Brenda Goh, Kevin Krolicki Organizations: Security, Auto, REUTERS, Tesla, FAW Group, HK, BYD's, Technology, China's Auto Business, China Association of Auto Manufacturers, BYD, Volkswagen, Thomson Locations: Auto Shanghai, Shanghai, China, Weibo, Europe
China announces steps to boost sales of cars and electronics
  + stars: | 2023-07-21 | by ( ) www.cnbc.com   time to read: +2 min
Employees work on the assembly line of new energy vehicles (NEVs) at a workshop of China FAW Group's Hongqi Fanrong Plant on July 5, 2023 in Changchun, Jilin Province of China. Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamoring for stronger stimulus. In June, they unexpectedly extended a purchase tax break on new energy vehicles until 2027. A separate statement on supporting sales of electronics products said authorities would encourage scientific research institutes and market entities to actively apply domestic artificial intelligence technology to improve intelligence levels of electronic products. Investors have said they are disappointed by China's weak second quarter growth and want to see stronger stimulus, with some pinning their hopes on the Politburo meeting later this month.
Persons: Tesla, China's Organizations: China FAW Group's Hongqi, National Development, Reform Locations: Changchun, Jilin Province, China
IMPORTED ASSEMBLY KITSAfter a chaotic decade following the collapse of the Soviet Union in 1991, Russia encouraged Western carmakers to build factories. "Undoubtedly, the expansion of Chinese carmakers on the Russian market will continue," said Andrey Olkhovsky, the head of dealership chain Avtodom. It is a radical change of fortunes for Chinese carmakers in Russia. Production of Chinese vehicles only began in Russia in 2019 with the arrival of Chinese automotive company Great Wall Motor (601633.SS). LESS LOCAL INPUTUnder the partnership with Chinese firms, less of the production at former Western factories is currently conducted in Russia, the sources said.
Persons: Jetour, Maxim Shemetov, Moscow's, Sergei Sobyanin, French carmaker, JAC, Sehol, Moskvich, capitalising, Vladimir Bespalov, Vladimir Putin, Andrey Olkhovsky, Olkhovsky, Wall, Sollers, Avtovaz, Denis Manturov, Gleb Stolyarov, Alexander Marrow, Zhang Yan, Daniel Flynn Organizations: REUTERS, French, French carmaker Renault, Moscow Automobile Factory, JAC Motors, Reuters, Renault, Nissan, Russia's Industry, Trade Ministry, Wall, Chery, Geely, HK, Argo, Ford Transit, Nissan's St, Lada, China's FAW Group's, FAW, Western, Trade, Thomson Locations: Lyubertsy, Moscow Region, Russia, Soviet, Moscow, Anhui, Ukraine, Soviet Union, Western, Tula, Autostat, Tatarstan, Nissan's, Nissan's St Petersburg, St Petersburg, Leningrad, Japan, Europe, China, Shanghai
TOKYO, July 14 (Reuters) - Japan's Mazda Motor (7261.T) needs to overhaul its strategy in China, the world's biggest auto market, where it faces increasingly tough competition from domestic players, the automaker's chief executive said on Friday. CEO Masahiro Moro said business conditions for Mazda in China, where it has a joint venture with Chongqing Changan Automobile (000625.SZ) and China FAW, would become increasingly tough over the coming year to 18 months. Its sales in China peaked in 2016 at just over 316,000 vehicles, separate industry data showed. Mazda is not alone in finding the Chinese market increasingly tough. Looking beyond China, Moro said if Mazda were to begin EV production in North America, it would happen after 2027, which marks the end of the middle phase of its business plan for this decade.
Persons: Masahiro Moro, Moro, Daniel Leussink, Jason Neely, Kim Coghill, Barbara Lewis Organizations: Mazda, Chongqing Changan Automobile, China FAW, Mitsubishi Motors, Guangzhou Automobile Group, Toyota Motor, Thomson Locations: TOKYO, China, Chongqing, North America, Huntsville , Alabama
[1/2] A Tesla Model 3 electric vehicle (EV) is displayed at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. Toyota (7203.T) offered a discount on its bZ4X EV, and Nissan (7201.T) offered an incentive on its Ariya EV. Volkswagen's (VOWG_p.DE) joint ventures with SAIC and FAW also announced price cuts in China on their ID-series EVs on Friday. AlixPartners said while China's EV market will continue to grow rapidly, intensifying competition and excess capacity will also drive a shakeout. In one example, Chinese automakers have invested $1.4 billion in Thailand since 2020, now dominating the Thai EV market after taking share from the Japanese brands that have long operated there.
Persons: Florence Lo, Tesla, CAAM, Li Auto, Liu Xu, furloughs, AlixPartners, Zhang Yan, Kevin Krolicki, Tom Hogue Organizations: Tesla, Fair for Trade, Services, REUTERS, China Association of Auto Manufacturers, stoke, HK, Volvo, Chery Automobile, Global, Ford, Toyota, Nissan, EV, General Motors, Honda, Consultancy, Consumers, SAIC, GAC, Dongfeng, FAW Group, China's Ministry of Industry, Information Technology, FAW, National Strategy Institute of Tsinghua University, International, Hyundai, Thai EV, Thomson Locations: Beijing, China, Shanghai, Europe, Southeast Asia, Thailand, Singapore
On Thursday, regulators orchestrated an agreement between Tesla (TSLA.O) and 15 Chinese rivals to avoid “abnormal pricing”, sealing the deal at a signing ceremony in Shanghai, Bloomberg reported. Perhaps as a result, sellers of internal combustion engines frequently offered steeper discounts compared to battery-powered rivals, Citi’s data show. In this case, at least, it appears to be trying to keep competition healthy, targeting only “abnormal pricing”. If nothing else, Beijing’s intervention offers a welcome pause in hostilities. Over 30 brands in China announced discounts in the first three months of the year, according to industry consultancy Automobility.
Persons: It’s, Bill Russo, AlixPartners, Tesla, Antony Currie, Thomas Shum Organizations: Reuters, Tesla, Bloomberg, FAW Audi, BAIC Hyundai, Citi, HK, country’s Ministry of Industry, Information Technology, China Association of Automobile Manufacturers, Thomson Locations: HONG KONG, Beijing, Shanghai, Xpeng, China
"The Development Road is not just a road to move goods or passengers. This road opens the door to development of vast areas of Iraq," Farhan al-Fartousi, director general of the General Company for Ports of Iraq, told Reuters. The Grand Faw Port, which was devised over a decade ago, is halfway to completion, Fartousi said. Passenger transport between Iraq and Europe harkens back to grand plans at the turn of the 20th century to create a Baghdad to Berlin express. But officials say the Development Road is based on something new: a period of relative stability since late last year that they hope can be maintained.
Toyota reveals two more electric cars for China
  + stars: | 2023-04-20 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +2 min
Toyota displays a new concept electric car — developed jointly with BYD and FAW — at the Shanghai auto show in April 2023. CNBC | Evelyn ChengBEIJING — Toyota this week began taking orders for its first electric sedan in China, and announced two more models are set to come to the local market next year. The three cars are part of the Japanese car giant's bZ, or "beyond zero" lineup of battery-electric cars. Toyota, the world's largest automaker by vehicles sold, has been relatively cautious about investing in fully electric cars. The bZ sports car concept sedan is jointly developed by Toyota, BYD and Chinese state-owned FAW.
The facility was part of a wider plan to invest more than a 1 billion euros ($1.1 billion) to build electric cars in Italy under the Hongqi brand. The document includes acknowledgement by the Emilia-Romagna region of Silk-FAW's decision. Silk-FAW did not respond to a request for comment via the company's website. Two sources close to the matter said Italian prosecutors were investigating the Silk-FAW project. Silk-FAW did not respond to a separate request for comment on the matter via the company's website.
BERLIN, Nov 28 (Reuters) - Volkswagen's (VOWG_p.DE) and FAW's (SASACJ.UL) plant in Chengdu, China has halted production due to the rise in coronavirus cases in the country and two production lines at its Changchun plant are also on hold, a VW spokesperson said on Monday. Other plants are all stable but the situation is volatile, the spokesperson added. Protests erupted in cities across China over the weekend, including in Chengdu, Shanghai, Beijing and Lanzhou, as frustrations mount over the government's zero-COVID policy. While low by global standards, China's case numbers have hit record highs for days, with Chengdu residents subjected to mass testing from Nov. 23 to Nov. 27. Reporting by Victoria Waldersee, Jan Schwartz, Christina Amann Editing by Paul Carrel and Rachel MoreOur Standards: The Thomson Reuters Trust Principles.
Doha, Qatar CNN —The World Cup is well underway in Qatar, but issues surrounding LGBTQ+ rights for the Gulf state, world soccer governing body FIFA, teams and fans just won’t go away. Once outside Stadium 974, Kunkel put the rainbow-colored armband and wristband back on and walked through security. Kunkel then told CNN he was stopped four more times before being allowed to take his seat inside the stadium wearing the rainbow-colored items. Bengt Kunkel wearing the rainbow-colored armband inside Stadium 974 on Saturday, November 26. “It’s so annoying they do this,” Kunkel told CNN.
CNN —Ahead of England’s World Cup clash with the United States on Friday, world soccer’s governing body FIFA said that Crusader costumes worn by England fans are “offensive.”Some England fans attend sports events dressed as the English patron Saint George, equipped with helmets, crosses and plastic swords. FIFA told CNN: “Crusader costumes in the Arab or Middle East context can be offensive to Muslims. Video Ad Feedback Hear from US journalist who was detained for wearing a rainbow shirt in Qatar 03:36 - Source: CNNThe rainbow flag is a symbol for LGBTQ rights, and in Qatar homosexuality is illegal. It’s not allowed.”“One security guard told me that my shirt was ‘political’ and not allowed,” Wahl wrote on Substack. The Welsh Football Association (FAW) said FIFA told the federation on Thursday that rainbow-colored flags and hats would be permitted at World Cup stadiums in Qatar.
AL RAYYAN, QATAR, Nov 25 (Reuters) - Fans will be allowed to take rainbow-themed bucket hats and flags into the Ahmad bin Ali Stadium for Wales' second World Cup Group B match against Iran on Friday, the Football Association of Wales (FAW) said. The hats represent "Rainbow Wall", the supporters' group for Wales fans who are members of the LGBTQ community. "In response to the FAW, FIFA has confirmed that fans with Rainbow Wall bucket hats and rainbow flags will be allowed entry to the stadium for @Cymru's match against Iran on Friday," FAW said in a tweet. "All World Cup venues have been contacted and instructed to follow the agreed rules and regulations." read moreWales are playing in their first World Cup in 64 years.
BERLIN, Nov 18 (Reuters) - (This Nov. 18 story has been corrected to say workers will be offered support by the company, not necessarily new jobs in paragraph 5)A manual transmission plant owned by Volkswagen's (VOWG_p.DE) joint venture with SAIC Motors (600104.SS) will close next March, the carmaker said on Friday. The decision was taken several years ago, a Volkswagen spokesperson said, adding that production of manual transmission cars by the joint venture had fallen from 500,000 a year to about 50,000. Volkswagen's joint venture with FAW in the northeastern city of Changchun will continue to produce manual transmission systems, though output has also fallen in recent years. The German carmaker is the largest foreign automaker in China but is battling to compete with domestic electric vehicle manufacturers. Reporting by Victoria Waldersee, Jan Schwartz and Zhang Yan Editing by Rachel More and David GoodmanOur Standards: The Thomson Reuters Trust Principles.
BERLIN, Oct 13 (Reuters) - Volkswagen (VOWG_p.DE) will invest 2.4 billion euros ($2.33 billion) and take a 60% stake in a new joint venture with Chinese technology company Horizon Robotics for autonomous driving software and hardware, the carmaker said on Thursday. The companies will work together to develop technology that can integrate numerous functions for autonomous driving onto a single chip, the statement said. Horizon Robotics, founded in 2015, supplies customers including Volkswagen's Audi, Continental (CONG.DE), Li Auto and SAIC, according to its website. The carmaker, which makes around 40% of sales and half of profits in the country, holds a 75% stake in a joint venture with JAC <600418.SS<, a 50% stake with SAIC (600104.SS) and 40% with FAW [RIC:RIC:SASACJ.UL]. ($1 = 1.0290 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee Editing by Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.
Volkswagen logo is pictured at the 2022 New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. REUTERS/Brendan McDermid/File PhotoBERLIN, Oct 12 (Reuters) - Volkswagen (VOWG_p.DE) plans to to invest up to 2 billion euros ($1.94 billion) in a joint venture with China's Horizon Robotics, Handelsblatt and Manager Magazin reported on Wednesday. Reuters reported earlier that VW planned a significant investment in a joint venture in the country for software production. It operates numerous joint ventures in China, holding a 75% stake in its venture with JAC (600418.SS), a 50% stake with SAIC (600104.SS) and 40% with FAW (SASACJ.UL). ($1 = 1.0304 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Kirsti Knolle, Victoria Waldersee, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.
The first bZ car - the bZ4X sport-utility vehicle - was to hit the market in China earlier this year, but a global recall of the car forced Toyota to suspend production of the model globally. The car is roughly the same size as Toyota's Corolla model but with a bigger back-seat section, the sources said. There are no plans for Toyota's other joint venture with GAC Motor to produce the bZ3, the three sources said. Toyota has long advocated a small car that does not compromise on comfort as the best way to popularise BEVs, but it has struggled to produce one. The bZ3's smaller sedan configuration has become feasible chiefly because of BYD's thinner lithium-iron-phosphate (LFP) Blade battery technology.
Visitors surround an Actros truck of German truck maker Mercedes-Benz at the IAA truck trade fair in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File PhotoBERLIN, Sept 23 (Reuters) - Daimler Truck (DTGGe.DE) has begun producing Mercedes-Benz branded trucks in China, with the first vehicles rolling off production lines at its joint plant with China's Foton Motor Co (600166.SS) in Beijing on Friday, the truck and bus maker said. China is the world's biggest market for heavy trucks, with around 1.5 million units sold in 2021 - more than in the U.S., Japan and Europe combined, according to data from German car association VDA. Daimler Truck has so far only produced the joint venture's brand, Auman, in China, while selling Mercedes-Benz trucks imported from Germany at a higher price. A document seen by Reuters in 2020 on plans for the revamp of the joint plant to begin heavy truck production said the target was to produce 50,000 Actros trucks a year.
SHANGHAI, April 25 (Reuters) - Volkswagen Group China's (VOWG_p.DE) Shanghai factory has started a gradual resumption to production, it said on Monday. Its factories in the northeastern Chinese city of Changchun, which it runs in a joint venture with China's FAW Group, continues to ramp up production volumes, it added. Reporting by Brenda Goh Writing by Meg Shen Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
China va fi deocamdată singura ţară din lume unde vor exista două modele ale noului VW ID.4! Acestea au fost prezentate acum câteva ore şi chiar sunt produse la fabrici diferite! Diferențele sunt reduse la decor fin (cum ar fi suprapuneri pe aripile din față) și ale embleme. Citeşte continuarea pe AutoBlog.MDPentru a fi la curent cu cele mai importante știri te așteptăm pe Telegram . Pentru reportaje video și emisiuni ne găsești pe Youtube , pentru fotografii și stories vino pe Instagram , iar pe Tik Tok îți oferim o doză de amuzament
Organizations: VW Locations: China
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