2016 GCC Best Performing Small Cars

Total Page:16

File Type:pdf, Size:1020Kb

2016 GCC Best Performing Small Cars 0 The Innovation Center for Energy and Transportation (iCET) is a not-for-profit NGO registered in both Beijing and California. iCET is a trusted leader in providing innovative support to policy-makers, industry players and consumers for promoting clean transportation and carbon management capacity building in China. iCET’s mission is to promote better air quality, reduce greenhouse gas (hereafter known as GHG) emissions and oil dependency. In 2006, iCET received the support of the Energy Foundation for promoting the China Green Car System (initially named Environmentally Friendly Vehicle System). In collaboration with China’s Vehicle Emissions Control Center of the Ministry of Environmental Protection (VECC-MEP), and under the guidance of the selected American Council for Energy Efficient Economy (ACEEE) a China-specific vehicle life-cycle assessment methodology was developed. Since 2010, the China Green Car system became available both through a dedicated online user-friendly website and as an annual report release every June. In 2014 the China Green Car system received the esteemed support of the UNEP, which enabled the use of vehicle tailpipe health impact figures provided by VECC-MEP for constructing an additional vehicle smog index. Apart from tailpipe emissions, the ranking system is also based on fuel consumption, and vehicle curb-weight. In early 2015, iCET completed its The Innovation Center for periodic calculation update and created an EV evaluation method. In 2016 Energy and Transportation iCET have included plug-in hybrids into the ranked segments. (i CET) China Green Car is meant to guide a more stringent regulatory framework Beijing Office governing private vehicle development in China, inform industry players of Beijing Fortune Plaza Tower A 601 West 5th St, Suite 650 their relative performance, and assist consumers in making more sustainable Suite 27H, No.7 DongSanHuan Los Angeles, CA 90014 vehicle purchase choices. Middle Rd., Chaoyang District, Phone: 001. 626. 403.6697 Beijing 10020 Email: [email protected] We wish to thank the following organizations for their support in the China Phone: 0086.10.6585.7324 Green Car system! Fax: 0086.10.6585.7394 Los Angeles office 601 West 5th St, Suite 650 Los Angeles, CA 90071 Phone: 001. 626. 403.6697 Email: [email protected] Website: www.icet.org.cn 1 What should one do? . Purchase a Green Car: Use the China Green Car online system (greencarchina.org) to select a car that suits your needs and has a good green rating. Since cars have a major impact on city air pollution, your choice of car and driving behavior will affect urban air quality. Purchase a fuel-efficient car: Use the fuel consumption label to identify a car that consumes less fuel per km driven. This will reduce your car’s use-phase pollutant and CO2 emissions, as well as reduce your fuel costs. Reduce your mileage: Cars are accountable for as much as a third of China’s air pollution. You can contribute to pollution reduction by reducing your diving mileage, using public transport when possible, and sharing a car with a friend. Maintain your car: The greatest local air pollution impact of your car occurs during its use-phase. Maintain your car well to reduce its fuel consumption. For example, keep wheels’ air pressure high and keep speed acceleration at a minimum. Improve your driving habits: try to reduce the number and length of time you press the gasoline pedal; drive around 90kmh when regulation and road conditions permit. 2 Green Car China Introduction • Green Score (GS) A life-cycle analysis of vehicles’ environmental and health evaluation index, ranging from 0 to 10, with the higher the score, the better performing the vehicle. The green score evaluation is based on four main factors: tailpipe emissions, fuel type, fuel consumption, and fuel weight. This is the main index used for measurement. • Blue Score (BS) A vehicle tailpipe emissions resulted heath impact rating index ranging from 0 to 10, where the higher the index value, the better the car performs. The smog index is based on figures provided by the Vehicle Emissions Control Canter of China’s Ministry of Environmental Protection. The blue score is the secondary index for measurement. • Calculation and Ranking Methods Please kindly refer to iCET’s website’s report page to download the updated China Green Car Methodology Upgrade Report (dated Feb 2015): http://www.icet.org.cn Green Car China Ranking Highlights • Independent: As a third party organization, iCET provides an objective and independent green rating. • Practical: Based on global best practices combined with China-specific elements and data, iCET provides a reliable localized China Green Car evaluation system. • Transparent: China Green Score system’s methodology and analysis results are available online for free, as well as its annual report. • Consistent: China Green Car system was first published in 2010 and has been updated every year since. 3 Green Car China: Vehicle Categories This report makes use of the vehicle classification provided by Sina, under the assumption that as one of China’s largest consumer portals, a more consumer oriented vehicle segmentation will be available rather than using the Ministry of Industry and Information Technology (MIIT) official segmentation. The segmentation is based on vehicle size and electric motor as illustrated in the below table. Plug-in Hybrids were added this year. Category Description Conventional Refers to vehicles that make use of electricity in the drive train of the vehicle, but that Hybrid do not receive electricity from a source external to the vehicle. A0/A00-class car, wheelbase between 2 and 2.5 meters, engine generally between 0.8 Small Car and 1.6 liters. Compact Car A-class car, wheelbase between 2.5 and 2.7 meters, engine between 1.6 and 2.0 liters. Medium Car B-class car, wheelbase between 2.6 and 2.8 meters, engine between 2.0 and 2.4 liters. Medium Large Executive, C-class car, wheelbase normally over 2.8 meters, engine between 2.5 and Car 3.0 liters. D-class car, wheelbase roughly 3 meters, perhaps longer. Engine generally 3 liters and Luxury Car above. Multi-Purpose Vehicle, usually has a one compartment structure with the ability to MPV function as a passenger car, travelling car, and transport vehicle. Engine usually 2 liters and above. Sport Utility Vehicle, to a certain extent can serve as a comfortable passenger car and SUV an off-road vehicle. Normally has an engine of 2.0 liters and above, has four-wheel drive. Usually only has two doors with a hard or soft retractable roof. Engine is usually larger Sports Car than normal passenger vehicles with superior acceleration and faster top speed. PHEV Green Score is based on health and environmental impacts along life-cycle Plug-in Hybrid excluding the fuel source (electricity), making the score incomparable to other (PHEV) segment models’ scores. For the same reason, PHEVs Blue Score and fuel cost are not available. To learn more about the China Green Car system, please visit www.greencarchina.org 4 2016 GCC By-Segment Top 10 Engine FC Segment Model Model Pic GS BS GCC Rating L L/100km Toyota Hybrid Corolla 1.8 4.2 7.3 8.0 ★★★★★ Hybrid Small SGMW Lechi 1.2 5.1 7.0 8.5 ★★★★★ Compact Honda GREIZ 1.5 5.4 6.9 9.4 ★★★★★ ★★★★ Medium SVW Superb 1.4 5.6 6.3 4.1 ★★★★ Large Benz E200L 2.0 6.7 5.9 7.6 SUV Honda XR-V 1.5 5.9 6.5 8.6 ★★★★★ Dongfeng MPV Fengxing 1.6 6.2 6.2 7.2 ★★★★★ S500 SAIC-GM Luxury 2.0 7.9 5.1 4.0 ★★ Cadillac CT6 Sports Car BMW 218i 1.5 5.6 6.4 5.4 ★★★★ BMW i3 Plug-in (Range 0.6 0.7 7.3 N/A N/A Hybrid extended) 5 2016 GCC Green Score Top 10 Engine FC Rank Model Model Pic GS BS GCC Rating L L/100km Toyota 1 Corolla 1.8 4.2 7.3 8.0 ★★★★★ Hybrid Toyota 2 Levin 1.8 4.2 7.2 7.6 ★★★★★ Hybrid GAC-Honda 3 1.5 5.3 7.0 9.6 ★★★★★ New Fit 4 Chevy Sail 1.3 5.0 7.0 8.4 ★★★★★ Honda 5 1.5 5.4 6.9 9.4 ★★★★★ GREIZ Nissan 6 1.6 5.2 6.9 8.7 ★★★★★ TIIDA 7 Honda CITY 1.5 5.3 6.8 8.2 ★★★★★ 8 Toyota VIOS 1.3 5.3 6.8 7.3 ★★★★★ 9 Weizhi V5 1.5 5.2 6.8 6.9 ★★★★★ 10 Wagon R e+ 1.4 5.1 6.8 5.8 ★★★★ Note: The above table includes the best Green Score performing models of China’s 2015 new ICE and Hybrid vehicles vehicles (excluding plug-in hybrids). 6 2016 GCC Blue Score TOP 10 Engine FC Rank Model Model Pic GS BS GCC Rating L L/100km GAC-Honda ★★★★★ 1 1.5 5.3 7.0 9.6 New Fit ★★★★★ 2 Honda GREIZ 1.5 5.4 6.9 9.4 Nissan Infiniti ★★★ 3 2.5 8.0 5.2 9.2 QX60 ★★★★ 4 Kia CARENS 2.0 7.7 5.6 9.1 Dongfeng ★★★★★ 5 1.6 5.2 6.9 8.7 TIIDA ★★★★ 6 LEXUS RX450h 3.5 6.7 5.8 8.7 ★★★★★ 7 Kia K5 Hybrid 2.0 5.4 6.6 8.6 ★★★★★ 8 Honda XR-V 1.5 5.9 6.5 8.6 GAC-Toyota ★★★★★ 9 1.6 5.9 6.5 8.5 Levin ★★★ 10 BYD S7 2.0 7.8 5.4 8.5 Note: The above table includes the best Blue Score performing models of China’s 2015 new ICE and Hybrid vehicles vehicles (excluding plug-in hybrids).
Recommended publications
  • Distribution of the Dealer and Repair Parts Management System of a Japanese Multinational Car Manufacturer in China: Focusing on the Case of GAC Toyota Motors
    160JournalYasuhisa of the Economic Abe·Xujia Geographical Lin·Masatoki Society Takase of Korea ? Vol.22, No.2, 2019(160~177) Distribution of the Dealer and Repair Parts Management System of a Japanese Multinational Car Manufacturer in China: Focusing on the Case of GAC Toyota Motors Yasuhisa Abe* · Xujia Lin** · Masatoki Takase*** 중국의 일본계 자동차 메이커 딜러의 분포와 수리 및 보수용 부품의 관리체제 - 광치 도요타사(社)의 사례를 중심으로 - 아베 야스히사*·린 쉬쟈**·타카세 마사토키*** Abstract : In this study, we examined the distribution of dealers and the repair parts management system of a Japanese car manufacturer in the Chinese market in looking at the case of Toyota. We conducted our re- search by obtaining information from a GAC Toyota dealer about the current distribution of dealers and lo- cations of warehouses throughout China, as well as the status of stocks and the distribution system for repair and maintenance parts. The results of our investigation showed that although GAC Toyota has 437 dealers throughout the country, there is an imbalance in distribution towards the coastal areas, after the popula- tion ratios and other measurements are factored in. Therefore, it can be said expansion towards the inland regions, where demand for automobiles has increased in recent years, has been stunted. On the other hand, there is a high correlation between gross GDP by region and the number of stores, and it can be pointed out that the company prioritizes the sale of high-priced vehicles in major coastal areas where the economy is large, rather than selling low-priced vehicles for inland consumers with a relatively small economic scale.
    [Show full text]
  • Guangzhou Automobile Group
    China / Hong Kong Company Guide Guangzhou Automobile Group Version 6 | Bloomberg: 2238 HK Equity | 601238 CH Equity | Reuters: 2238.HK | 601238.SS Refer to important disclosures at the end of this report DBS Group Research . Equity 7 May 2019 Japanese JCEs leading growth H: BUY Last Traded Price (H) ( 7 May 2019):HK$8.14(HSI : 29,363) More clarity on JVs future strategy. Guangzhou Auto (GAC) and its Price Target 12-mth (H):HK$9.60 (17.9% upside) (Prev HK$17.86) Japanese JCE partners have agreed on key priorities to grow the business. The medium-term plans include capacity expansion and new A: HOLD model development (both traditional and new energy vehicles). Last Traded Price (A) ( 7 May 2019):RMB11.61(CSI300 Index : 3,721) Price Target 12-mth (A):RMB11.30 (2.7% downside) (Prev RMB21.71) Another key factor is that both partners have agreed to maintain the current shareholding structure, hence removing uncertainties. The Analyst Rachel MIU+852 36684191 [email protected] Japanese auto brands have gained market share from 15.6% in December 2016 to 19% in February 2019 aided by their product What’s New range, pricing, and proactive business strategy. Despite the tough • More clarity on development of Japanese JCEs, key 1Q19 auto market, GAC’s Japanese JCEs managed to chalk up strong earnings driver in the future volume sales growth and decent profit contributions to the group. • Self-brand going through short-term adjustment and Where we differ? We expect normalisation of Trumpchi sales to have should start to normalise in 2H19 a meaningful impact on earnings, on anticipation of a recovery in • Maintain BUY, TP revised down slightly to HK$9.60 the PV market in 2H19.
    [Show full text]
  • Poland Regional Cities-Comfort-Vehicle-List
    Make Model Year Oldsmobile 19 Oldsmobile Alero Oldsmobile Aurora Oldsmobile Bravada Oldsmobile Cutlass Supreme Oldsmobile Intrigue Oldsmobile Silhouette Dodge Attitude Dodge Avenger 2013 Dodge Caliber Dodge Caravan 2015 Dodge Challenger Dodge Charger 2013 Dodge Dakota Dodge Dart 2015 Dodge Durango 2013 Dodge Grand Caravan 2015 Dodge Intrepid Dodge JCUV Dodge Journey 2013 Dodge Magnum 2013 Dodge Neon 2015 Dodge Nitro 2013 Dodge Ram 1500 Dodge Ram 2500 Dodge Ram 3500 Dodge Ram 4500 Dodge Ram 700 Dodge Ram Van 2015 Dodge Sprinter Dodge Stratus 2015 Dodge Stretch Limo Dodge Viper Dodge Vision Dodge i10 Land Rover Defender 2013 Land Rover Discovery 2013 Land Rover Freelander 2013 Land Rover Freelander 2 Land Rover LR2 Land Rover LR3 Land Rover LR4 Land Rover Range Rover 2013 Land Rover Range Rover Evoque 2013 Land Rover Range Rover Sport 2013 Land Rover Range Rover Velar 2013 Land Rover Range Rover Vogue 2013 Chevrolet Agile Chevrolet Astra 2015 Chevrolet Astro Chevrolet Avalanche 2013 Chevrolet Aveo Chevrolet Aveo5 Chevrolet Beat Chevrolet Blazer Chevrolet Bolt Chevrolet CMV Chevrolet Camaro Chevrolet Caprice Chevrolet Captiva 2013 Chevrolet Cavalier Chevrolet Celta Chevrolet Chevy Chevrolet City Express Chevrolet Classic Chevrolet Cobalt 2015 Chevrolet Colorado Chevrolet Corsa Chevrolet Corsa Sedan Chevrolet Corsa Wagon Chevrolet Corvette Chevrolet Corvette ZR1 Chevrolet Cruze 2015 Chevrolet Cruze Sport6 Chevrolet Dmax Chevrolet Enjoy Chevrolet Epica 2013 Chevrolet Equinox 2013 Chevrolet Esteem Chevrolet Evanda 2013 Chevrolet Exclusive Chevrolet
    [Show full text]
  • Pdf: 660 Kb / 236
    As filed with the Securities and Exchange Commission on June 23, 2017 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ‘ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR È ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: March 31, 2017 OR ‘ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ‘ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-14948 TOYOTA JIDOSHA KABUSHIKI KAISHA (Exact Name of Registrant as Specified in its Charter) TOYOTA MOTOR CORPORATION (Translation of Registrant’s Name into English) Japan (Jurisdiction of Incorporation or Organization) 1 Toyota-cho, Toyota City Aichi Prefecture 471-8571 Japan +81 565 28-2121 (Address of Principal Executive Offices) Nobukazu Takano Telephone number: +81 565 28-2121 Facsimile number: +81 565 23-5800 Address: 1 Toyota-cho, Toyota City, Aichi Prefecture 471-8571, Japan (Name, telephone, e-mail and/or facsimile number and address of registrant’s contact person) Securities registered or to be registered pursuant to Section 12(b) of the Act: Title of Each Class: Name of Each Exchange on Which Registered: American Depositary Shares* The New York Stock Exchange Common Stock** * American Depositary Receipts evidence American Depositary Shares, each American Depositary Share representing two shares of the registrant’s Common Stock. ** No par value. Not for trading, but only in connection with the registration of American Depositary Shares, pursuant to the requirements of the U.S.
    [Show full text]
  • Toyota in the World 2011
    "Toyota in the World 2011" is intended to provide an overview of Toyota, including a look at its latest activities relating to R&D (Research & Development), manufacturing, sales and exports from January to December 2010. It is hoped that this handbook will be useful to those seeking to gain a better understanding of Toyota's corporate activities. Research & Development Production, Sales and Exports Domestic and Overseas R&D Sites Overseas Production Companies North America/ Latin America: Market/Toyota Sales and Production Technological Development Europe/Africa: Market/Toyota Sales and Production Asia: Market/Toyota Sales and Production History of Technological Development (from 1990) Oceania & Middle East: Market/Toyota Sales and Production Operations in Japan Vehicle Production, Sales and Exports by Region Overseas Model Lineup by Country & Region Toyota Group & Supplier Organizations Japanese Production and Dealer Sites Chronology Number of Vehicles Produced in Japan by Model Product Lineup U.S.A. JAPAN Toyota Motor Engineering and Manufacturing North Head Office Toyota Technical Center America, Inc. Establishment 1954 Establishment 1977 Activities: Product planning, design, Locations: Michigan, prototype development, vehicle California, evaluation Arizona, Washington D.C. Activities: Product planning, Vehicle Engineering & Evaluation Basic Research Shibetsu Proving Ground Establishment 1984 Activities: Vehicle testing and evaluation at high speed and under cold Calty Design Research, Inc. conditions Establishment 1973 Locations: California, Michigan Activities: Exterior, Interior and Color Design Higashi-Fuji Technical Center Establishment 1966 Activities: New technology research for vehicles and engines Toyota Central Research & Development Laboratories, Inc. Establishment 1960 Activities: Fundamental research for the Toyota Group Europe Asia Pacific Toyota Motor Europe NV/SA Toyota Motor Asia Pacific Engineering and Manfacturing Co., Ltd.
    [Show full text]
  • Annual Report
    ai158746681363_GAC AR2019 Cover_man 29.8mm.pdf 1 21/4/2020 下午7:00 Important Notice 1. The Board, supervisory committee and the directors, supervisors and senior management of the Company warrant the authenticity, accuracy and completeness of the information contained in the annual report and there are no misrepresentations, misleading statements contained in or material omissions from the annual report for which they shall assume joint and several responsibilities. 2. All directors of the Company have attended meeting of the Board. 3. PricewaterhouseCoopers issued an unqualified auditors’ report for the Company. 4. Zeng Qinghong, the person in charge of the Company, Feng Xingya, the general manager, Wang Dan, the person in charge of accounting function and Zheng Chao, the manager of the accounting department (Accounting Chief), represent that they warrant the truthfulness and completeness of the financial statements contained in this annual report. 5. The proposal for profit distribution or conversion of capital reserve into shares for the reporting period as considered by the Board The Board proposed payment of final cash dividend of RMB1.5 per 10 shares (tax inclusive). Together with the cash dividend of RMB0.5 per 10 shares (including tax) paid during the interim period, the ratio of total cash dividend payment for the year to net profit attributable to the shareholders’ equity of listed company for the year would be approximately 30.95%. 6. Risks relating to forward-looking statements The forward-looking statements contained in this annual report regarding the Company’s future plans and development strategies do not constitute any substantive commitment to investors and investors are reminded of investment risks.
    [Show full text]
  • 2020 Annual Results Announcement
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. GUANGZHOU AUTOMOBILE GROUP CO., LTD. 廣 州 汽 車 集 團 股 份 有 限 公 司 (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2238) 2020 ANNUAL RESULTS ANNOUNCEMENT The Board is pleased to announce the audited consolidated results of the Group for the year ended 31 December 2020 together with the comparative figures of the corresponding period ended 31 December 2019. The result has been reviewed by the Audit Committee and the Board of the Company. - 1 - CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Year ended 31 December Note 2020 2019 RMB’000 RMB’000 Revenue 3 63,156,985 59,704,322 Cost of sales (60,860,992) (57,181,363) Gross profit 2,295,993 2,522,959 Selling and distribution costs (3,641,480) (4,553,402) Administrative expenses (3,850,327) (3,589,516) Net impairment losses on financial assets (55,110) (53,831) Interest income 304,233 290,694 Other gains – net 4 1,379,690 2,620,340 Operating loss (3,567,001) (2,762,756) Interest income 127,551 171,565 Finance costs 5 (439,567) (516,481) Share of profit of joint ventures and associates 6 9,570,978 9,399,343 Profit before income tax 5,691,961 6,291,671 Income tax credit 7 355,990
    [Show full text]
  • State of Automotive Technology in PR China - 2014
    Lanza, G. (Editor) Hauns, D.; Hochdörffer, J.; Peters, S.; Ruhrmann, S.: State of Automotive Technology in PR China - 2014 Shanghai Lanza, G. (Editor); Hauns, D.; Hochdörffer, J.; Peters, S.; Ruhrmann, S.: State of Automotive Technology in PR China - 2014 Institute of Production Science (wbk) Karlsruhe Institute of Technology (KIT) Global Advanced Manufacturing Institute (GAMI) Leading Edge Cluster Electric Mobility South-West Contents Foreword 4 Core Findings and Implications 5 1. Initial Situation and Ambition 6 Map of China 2. Current State of the Chinese Automotive Industry 8 2.1 Current State of the Chinese Automotive Market 8 2.2 Differences between Global and Local Players 14 2.3 An Overview of the Current Status of Joint Ventures 24 2.4 Production Methods 32 3. Research Capacities in China 40 4. Development Focus Areas of the Automotive Sector 50 4.1 Comfort and Safety 50 4.1.1 Advanced Driver Assistance Systems 53 4.1.2 Connectivity and Intermodality 57 4.2 Sustainability 60 4.2.1 Development of Alternative Drives 61 4.2.2 Development of New Lightweight Materials 64 5. Geographical Structure 68 5.1 Industrial Cluster 68 5.2 Geographical Development 73 6. Summary 76 List of References 78 List of Figures 93 List of Abbreviations 94 Edition Notice 96 2 3 Foreword Core Findings and Implications . China’s market plays a decisive role in the . A Chinese lean culture is still in the initial future of the automotive industry. China rose to stage; therefore further extensive training and become the largest automobile manufacturer education opportunities are indispensable.
    [Show full text]
  • China Autos 2020 Outlook – Slow Lane to a Full Recovery
    2 December 2019 China EQUITIES China autos Macquarie China auto coverage 2020 outlook – slow lane to a full recovery Name Ticker Price Rating TP +/- Brilliance 1114 HK 8.17 Outperform 10.10 23.6% Dongfeng 489 HK 7.64 Outperform 8.10 6.0% Key points GAC 2238 HK 8.52 Outperform 9.60 12.7% SAIC Motor 600104 CH 23.04 Outperform 31.50 36.7% Cautious outlook for 2020 PV demand, mainly considering weak demand Nexteer 1316 HK 6.66 Outperform 12.15 82.4% from lower-tier cities, increased household leverage and rising CPI. Minth 425 HK 27.30 Outperform 25.80 -5.5% Geely 175 HK 15.08 Neutral 11.20 -25.7% We expect to see further relaxation of the license plate quota in 2020. Yutong Bus 600066 CH 14.31 Neutral 12.70 -11.3% BAIC 1958 HK 4.51 Neutral 4.20 -6.9% Sector preference: higher-end > lower-end > NEVs. Near-term risks on the BYD 1211 HK 38.15 Underperform 20.70 -45.7% downside. OP: Brilliance, DFG, GAC; UP: GWM, BYD, CATL. CATL 300750 CH 87.41 Underperform 60.30 -31.0% Great Wall 2333 HK 6.04 Underperform 3.70 -38.7% Changan-B 200625 CH 3.54 Underperform 3.10 -12.4% Changan-A 000625 CH 8.31 Underperform 3.60 -56.7% Conclusions Note: updated as of 28 November closing prices; Prices are denominated in Rmb for A-share stocks, and HKD for A slow road back to recovery: We lower our 2020 China auto sales by 5% B/H-share stocks.
    [Show full text]
  • Toyota Keeping China Plants Shut Through Feb 9 Over Virus 29 January 2020
    Toyota keeping China plants shut through Feb 9 over virus 29 January 2020 novel strain of the coronavirus, which has infected nearly 6,000 people in China. Several countries began evacuating their citizens on Wednesday from Wuhan, the Chinese city where the outbreak began. © 2020 AFP Credit: CC0 Public Domain Japanese automaker Toyota will keep its plants in China closed until at least February 9 over concerns about a new coronavirus outbreak that has killed more than 130 people. "Given the various factors including the guidelines by the local and regional governments and parts supply situation, as of January 29, we have decided to halt operations in our plants in China until February 9," a Toyota spokesman told AFP. "We will monitor the situation and make further decisions on operations from February 10." The plants had been closed for the Lunar New Year holiday, and were due to resume operations on Monday or Tuesday. The decision affects three assembly plants that Toyota operates, the GAC Toyota Motor Co. Ltd facility, as well as Tianjin FAW Toyota Motor Co. Ltd and Sichuan FAW Toyota Motor Co. Ltd. Eight other production sites belonging to the firm in China will also remain closed. The move comes as concern grows about the 1 / 2 APA citation: Toyota keeping China plants shut through Feb 9 over virus (2020, January 29) retrieved 23 September 2021 from https://techxplore.com/news/2020-01-toyota-china-feb-virus.html This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission.
    [Show full text]
  • Great Wall Motor 2333 HK BNP PARIBAS Victoria Li
    Great Wall Motor 2333 HK BNP PARIBAS Victoria Li 15 DECEMBER 2015 CHINA / AUTOMOBILES & COMPONENTS GREAT WALL MOTOR 2333 HK TARGET PRICE HKD9.59 HOW WE DIFFER FROM CONSENSUS MARKET RECS CLOSE HKD9.33 TARGET PRICE (%) (15.9) POSITIVE 23 HOLD UP/DOWNSIDE +2.8% EPS 2015 (%) 2.5 NEUTRAL 5 FROM BUY PRIOR TP HKD7.78 EPS 2016 (%) (0.9) NEGATIVE 5 CHANGE IN TP 23.21% KEY STOCK DATA Lack of new drivers YE Dec (RMB m) 2014A 2015E 2016E 2017E 2016 to be a better year with demand recovery Revenue 62,600 68,045 79,454 87,553 We estimate China PV sales volume growth would improve to 7.1% Rec. net profit 8,042 8,761 10,417 11,511 y-y in 2016E (2015E: 5.4%), mostly driven by the APT cut and the Recurring EPS (RMB) 0.88 0.96 1.10 1.12 revival of delayed purchase interest. SUV segment should continue Prior rec. EPS (RMB) 0.88 0.95 1.04 1.00 to grow fast at 35% y-y. Both would benefit GWM’s sales volume. Chg. In EPS est. (%) 0.0 1.1 5.6 12.4 However, GWM’s facing more challenges than peers EPS growth (%) (2.2) 8.9 14.2 2.4 Although GWM shall be the biggest beneficiary in our coverage Recurring P/E (x) 8.8 8.1 7.1 6.9 according to its sales volume exposure to 1.6L-and-below engines, Dividend yield (%) 3.4 3.4 3.6 4.0 its earnings growth would be weaker than its peers, such as Geely EV/EBITDA (x) 5.9 5.4 4.4 4.0 and Changan.
    [Show full text]
  • QYT AUTO PARTS CO., LTD Email: [email protected] ; [email protected] Whatsapp: +86 13634216230 QYT No
    QYT AUTO PARTS CO., LTD Email: [email protected] ; [email protected] WhatsApp: +86 13634216230 QYT no. Description Corss Ref. Application TOYOTA;LEXUS (SO0001‐SO0300) TOYOTA CAMRY ACV40 06‐12; SO0001 Steering Tie rod ends 45470‐09090 LEXUS LEXUS ES350/ES240 07‐ TOYOTA CAMRY ACV40 06‐12; SO0002 Steering Tie rod ends 45460‐09140 LEXUS LEXUS ES350/ES240 07‐ TOYOTA CAMRY SO0003 Steering Tie rod ends 45460‐09160 ACV50(2012‐) TOYOTA CAMRY SO0004 Steering Tie rod ends 45460‐09250 ACV50(2012‐) GEELY PANDA,HAIJING,GEELY YUANJING, YUANJING 18‐, SO0005 Steering Tie rod ends 45047‐49045 YUANJINGX3,GEELY EMGRAND EC7,GEELY ENGLON ,BINRUI;BYD F0,BYD F3/F3R/G3/G3R/L3;TOYOTA COROLLA;LIFAN LIFAN 620;JAC YUEYUE GEELY PANDA,HAIJING,GEELY YUANJING, YUANJING 18‐, SO0006 Steering Tie rod ends 45046‐49115 YUANJINGX3,GEELY EMGRAND EC7,GEELY ENGLON ,BINRUI;BYD F0,BYD F3/F3R/G3/G3R/L3;TOYOTA COROLLA;LIFAN LIFAN 620;JAC YUEYUE CHANGAN RAETON;TOYOTA CAMRY2.4/3.0 (03),PREVIA ACR30 (34M); SO0007 Steering Tie rod ends 45460‐39615 LEXUS ES300/MCV30 01‐06 CHANGAN RAETON;TOYOTA CAMRY2.4/3.0 (03),PREVIA ACR30 (34M); SO0008 Steering Tie rod ends 45470‐39215 LEXUS ES300/MCV30 01‐06 BYD SURUI,SONG MAX;ZOTYE Z300; SO0009 Steering Tie rod ends 45046‐09590 TOYOTA COROLLA 07‐/VERSO 11‐/LEVIN 14‐ BYD SURUI ,SONG MAX;ZOTYE Z300; SO0010 Steering Tie rod ends 45047‐09590 TOYOTA COROLLA 07‐/VERSO 11‐/LEVIN 14‐ SO0011 Steering Tie rod ends 45464‐30060 TOYOTA REIZ/CROWN;LEXUS LEXUS IS250/300 06‐,GS300/350/430 05‐ SO0012 Steering Tie rod ends 45463‐30130 TOYOTA REIZ/CROWN;LEXUS LEXUS
    [Show full text]