DOCSLIB.ORG

China Light Vehicle Sales Update

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
China Light Vehicle Sales Update May 2018 China Light Vehicle Sales Update Impact of Import Duty Cut on Chinese Vehicle Market China’s Passenger Vehicle (PV) sales in April 2018 rose by 11.6% year‐on‐year (YoY) to 1.96 mn units. The Light Commercial Vehicle (LCV) sector grew by 2.5% YoY, pushing the overall Light Vehicle (LV) market up by 10.4% YoY, on total sales of 2.25 mn units in the month. While LV production increased by 12% in April, in year-to-date (YTD) terms, output grew by just 1.1% as the poor Q1 performance impacted the overall result. The seasonally adjusted annualized rate (SAAR) of LV sales in April was 30.7 mn units, 6% up on March. Wholesales surged in April, but resulted from dealerships restocking their inventories, after a sluggish Q1. The Chinese government announced on 22 May that the customs duty for CBUs will be reduced from 25% or 20% to 15% from 1 July this year, and that the duty for auto parts will be cut simultaneously to 6%. This adjustment means that Passenger Vehicles (PVs) will be taxed at 15% from July, instead of the current 25%, leaving the industry wondering how the overall PV market be impacted. The key question is whether the tax cut will stimulate demand for imported vehicles, to the detriment of locally produced models. If we turn our attention to the insurance data, it becomes obvious that imports are essentially a niche market in China. Around 1.13 mn imported vehicles were registered in 2017, accounting for just 4.7% of the overall PV market. If we compare this to the 23 mn domestic models registered last year, it is difficult to envisage any substantial impact from the import sector on the domestic vehicle market. How will the new duty cut affect the retail price of imported cars? To answer this question, we must consider the cost build-up of an imported model. Imports are subject to customs duty, VAT and consumption tax. Customs duty and VAT rates are fixed, with the latter set at 16%. Consumption tax rates are variable, however, and depend on engine size: the bigger the displacement, the higher the consumption tax. Note that last year, almost 50% of all imported vehicles had engines displacements of more than 2.0 liters. As highlighted in the following table, the price gap, inclusive of duties and taxes, under the two schemes is around 8%, which is unlikely to impact the current price structure in the PV market to any great extent. It is worth pointing out, however, that battery electric vehicle makers like Tesla will benefit more from the duty cut as there is no consumption tax on electric models. Comparison of Imported Car Costs Inclusive of Duties and Taxes: Note: The consumption tax rates for 1.0-1.5L and below 1.0L are 3% and 1%, respectively. w ww.lm c-auto.c om Oxford ● Detroit ● Frankfurt ● Bangkok ● Shanghai ● São Paulo ● Tokyo 1 China Light Vehicle Sales Update Another key factor to take into account is the parallel-import scheme. This has been in place in China for two years now and means that the retail price of parallel-import models is already 15% to 30% lower than the MSRP. Parallel-import car sales rose by nearly 30% to 172k units last year, accounting for more than 14% of the total import market. An 8% price adjustment on the MSRP will therefore have a fairly limited bearing on the market, given the competitive strength of parallel imports. Most Premium brands have already localized a significant proportion of their main products in China, with more models set to follow suit. Not only do locally built vehicles have a significant price advantage compared to their imported counterparts, but localization can offset the risk of trade friction between countries. In previous years, this growth in localized production made a sizable volume impact on the import market. All things considered, our view is that the customs duty cut will stimulate the import market, particularly for those brands that rely entirely on imports such as Lexus. It will not, however, alter the structure of China’s overall Passenger Car market as its impact on retail prices will be nominal. w ww.lm c-auto.c om Oxford ● Detroit ● Frankfurt ● Bangkok ● Shanghai ● São Paulo ● Tokyo 2 China Light Vehicle Sales Update Market Top Lines Best Selling Models Apr Δ YTD Δ 2018f Δ Apr Δ Share YTD Δ Share Sales 2,404,154 11% 9,890,277 5% PV PV 1,960,139 12% 8,255,101 6% 25,817,621 2% Wuling Hongguang 31,805 -12% 1.6% 181,726 -4% 2.2% LCV 292,345 2% 1,088,664 -5% 3,230,891 0% Baojun 510 33,007 50% 1.7% 172,232 258% 2.1% M&H CV 151,670 14% 546,512 11% Volkswagen Lavida 34,556 -5% 1.8% 152,989 -16% 1.9% Production 2,403,922 12% 9,446,176 2% LCV PV 1,965,611 13% 7,860,470 2% 24,820,922 2% Wuling Mini Truck 25,558 4% 8.7% 109,738 10% 10.1% LCV 288,318 5% 1,045,567 -5% 3,174,525 -1% Foton Light Truck 28,976 13% 9.9% 94,549 4% 8.7% M&H CV 149,993 13% 540,139 12% Changan Light Truck 16,930 110% 5.8% 73,457 56% 6.7% Top Brands (Sales) Top Manufacturers (Production) YTD YTD # Brand Apr Δ YTD Δ # Manufacturer Apr Δ YTD Δ Share Share 1 Volkswagen 239,096 9% 1,051,840 5% 12.7% 1 SAIC Volkswagen 176,672 31% 702,293 8% 8.9% 2 Geely 119,738 38% 487,342 33% 5.9% 2 SAIC GM 164,903 13% 659,944 14% 8.4% 3 Honda 107,633 -12% 433,446 2% 5.3% 3 FAW Volkswagen 174,828 22% 597,751 -5% 7.6% 4 Toyota 95,832 5% 415,172 4% 5.0% 4 SAIC GM Wuling 114,913 6% 567,368 7% 7.2% 5 Changan 69,633 56% 363,804 -6% 4.4% 5 Geely Group 136,080 51% 493,942 33% 6.3% 6 Buick 92,713 1% 362,989 -1% 4.4% 6 Dongfeng Nissan 107,514 2% 399,382 8% 5.1% 7 Nissan 95,470 16% 352,537 15% 4.3% 7 Changan Automobile Group 71,397 7% 328,522 -5% 4.2% 8 Baojun 70,685 21% 340,323 20% 4.1% 8 Great Wall Motor 70,175 -1% 290,524 5% 3.7% 9 Haval 55,055 -11% 235,578 -17% 2.9% 9 SAIC Motor 72,760 41% 256,956 35% 3.3% 10 Hyundai 70,163 100% 232,822 1% 2.8% 10 Dongfeng Honda 54,153 -8% 236,822 7% 3.0% 11 Mercedes-Benz 54,228 14% 230,737 14% 2.8% 11 GAC Honda 59,249 10% 234,186 5% 3.0% 12 Audi 49,743 9% 222,302 25% 2.7% 12 Beijing Hyundai 69,000 90% 222,200 -17% 2.8% 13 Chevrolet 60,470 54% 218,753 44% 2.6% 13 FAW Toyota 46,081 -10% 215,220 -3% 2.7% Passenger Passenger Vehicle Passenger Vehicle 14 Dongfeng 35,304 -8% 202,013 -14% 2.4% 14 Changan Ford 46,409 -31% 196,957 -28% 2.5% 15 BMW 46,293 -4% 193,065 6% 2.3% 15 GAC Motor 51,683 20% 193,967 23% 2.5% 16 Trumpchi 43,481 4% 192,801 18% 2.3% 16 Beijing Benz 38,619 24% 155,449 21% 2.0% 17 Wuling 31,805 -17% 181,728 -6% 2.2% 17 Chery 39,369 -8% 154,191 -16% 2.0% 18 Ford 40,340 -21% 178,400 -32% 2.2% 18 GAC Toyota 43,324 23% 148,441 6% 1.9% 19 Beijing 39,605 -13% 168,539 -7% 2.0% 19 BYD 35,877 19% 148,326 22% 1.9% 20 Roewe 39,397 42% 164,558 38% 2.0% 20 Brilliance BMW 35,186 16% 142,837 11% 1.8% Passenger Vehicle Total 1,960,139 12% 8,255,101 6% 87.0% Passenger Vehicle Total 1,965,611 13% 7,860,470 2% 87.2% 1 Wuling 50,203 -21% 205,778 -16% 18.9% 1 SAIC GM Wuling 53,206 4% 191,714 -12% 18.3% 2 Changan 29,755 28% 127,134 -10% 11.7% 2 Beiqi Foton 29,508 -21% 117,846 -15% 11.3% 3 Foton 34,566 -7% 116,398 -18% 10.7% 3 Changan Automobile Group 30,639 16% 107,177 -3% 10.3% 4 Dongfeng 27,060 18% 91,233 7% 8.4% 4 Jiangling Motors 25,766 7% 87,793 1% 8.4% 5 JAC 20,265 2% 86,448 2% 7.9% 5 Jianghuai Automotive 18,648 37% 81,113 4% 7.8% 6 JMC 16,013 9% 56,935 -3% 5.2% 6 Dongfeng Automobile 20,261 -3% 78,313 -5% 7.5% 7 Great Wall 12,962 32% 44,699 13% 4.1% 7 Great Wall Motor 13,239 20% 47,212 16% 4.5% 8 Jinbei 11,749 5% 40,667 -3% 3.7% 8 Brilliance Auto 11,807 9% 40,181 -1% 3.8% Commercial Commercial Vehicle Commercial Commercial Vehicle 9 CNHTC 9,699 23% 36,447 19% 3.3% 9 CNHTC 9,761 17% 38,556 24% 3.7% 10 Maxus 8,337 191% 31,637 238% 2.9% 10 SAIC Commercial 8,862 147% 31,544 243% 3.0% Commercial Vehicle Total 292,345 2% 1,088,664 -5% 13.0% Commercial Vehicle Total 288,318 5% 1,045,567 -5% 12.8% 31st May 2018 For further information contact Ms.
Load more

Recommended publications
  • Chapter 2 China's Cars and Parts
    Chapter 2 China’s cars and parts: development of an industry and strategic focus on Europe Peter Pawlicki and Siqi Luo 1. Introduction Initially, Chinese investments – across all industries in Europe – especially acquisitions of European companies were discussed in a relatively negative way. Politicians, trade unionists and workers, as well as industry representatives feared the sell-off and the subsequent rapid drainage of industrial capabilities – both manufacturing and R&D expertise – and with this a loss of jobs. However, with time, coverage of Chinese investments has changed due to good experiences with the new investors, as well as the sheer number of investments. Europe saw the first major wave of Chinese investments right after the financial crisis in 2008–2009 driven by the low share prices of European companies and general economic decline. However, Chinese investments worldwide as well as in Europe have not declined since, but have been growing and their strategic character strengthening. Chinese investors acquiring European companies are neither new nor exceptional anymore and acquired companies have already gained some experience with Chinese investors. The European automotive industry remains one of the most important investment targets for Chinese companies. As in Europe the automotive industry in China is one of the major pillars of its industry and its recent industrial upgrading dynamics. Many of China’s central industrial policy strategies – Sino-foreign joint ventures and trading market for technologies – have been established with the aim of developing an indigenous car industry with Chinese car OEMs. These instruments have also been transferred to other industries, such as telecommunications equipment.
    [Show full text]
  • Hold SAIC Motor
    31 October 2017 Automobiles & Components SAIC Motor Deutsche Bank Markets Research Rating Company Date Hold SAIC Motor 31 October 2017 Forecast Change Asia China Reuters Bloomberg Exchange Ticker Price at 30 Oct 2017 (CNY) 32.82 Automobiles & Components 600104.SS 600104 CH SHH 600104 Price target - 12mth (CNY) 30.50 52-week range (CNY) 32.99 - 22.80 Shanghai Composite 3,416 3Q17 a small miss with higher selling cost and flat JVs' earnings growth Valuation & Risks Vincent Ha, CFA 8% 3Q16 net profit YoY growth on decent sales at both local brands and JVs SAIC Motor released 3Q17 results after the market close on 30 October. The Research Analyst company’s 3Q17 gross revenue grew 17.4% YoY to RMB211.6bn, on the back +852-2203 6247 of 11.3% growth in vehicle sales volume during the period, probably due to Fei Sun, CFA product mix improvement. Meanwhile, SAIC Motor’s 3Q17 gross profit rose Research Analyst 26.1% YoY to RMB29.7bn with 1.0ppt YoY gross profit margin improvement, +852-2203 6130 possibly also due to better sales mix. Yet with a 46.7% higher selling expense YoY and flat profit contribution from its JVs (despite 9.7% and 7.7% YoY sales Yuki Lu volume growth at SAIC Volkswagen and SAIC GM, respectively), 3Q17 net profit Research Associate increased only 8.1% YoY to RMB8.7bn. On a 9M17 basis, SAIC Motor’s net profit +852-2203 5925 of RMB24.6bn was up 6.7% YoY, accounting for 70% of DB's FY17 forecast and 68% of Bloomberg's full-year FY17 forecast.
    [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]
  • Zhengzhou Coal Mining Machinery Group Company Limited 鄭州煤礦
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other registered dealer in securities, bank manager, solicitor, professional accountant, independent adviser or other professional adviser. If you have sold or otherwise transferred all your shares in Zhengzhou Coal Mining Machinery Group Company Limited, you should at once hand this circular and the enclosed form of proxy and reply slip to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular. This circular is for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company. Zhengzhou Coal Mining Machinery Group Company Limited 鄭州煤礦機械集團股份有限公司 (A joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 00564) VERY SUBSTANTIAL ACQUISITION AND CONNECTED TRANSACTION REPORT OF THE BOARD FOR THE YEAR 2015 REPORT OF THE BOARD OF SUPERVISORS FOR THE YEAR
    [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]
  • Shanghai Board Election 2020
    SHANGHAI BOARD ELECTION 2020 Introduction to the Candidates Content Dear Members, Every two years, the German Chamber of Commerce in China | Shanghai Directors for their commitment, trust, and 3 Foreword renews its leadership by electing a new Board of Directors. As we fruitful cooperation. Their tireless efforts approach the 2020 elections, 14 outstanding individuals from various in ensuring that our organization supports Candidates industries and backgrounds have presented their candidacy as board Sino-German and international business 4 Martin Broda Landesbank Baden-Wuerttemberg, Shanghai Representative Office members this year. Today, it is my pleasure to present you with this ties, especially in times like these, have 5 Ming Cheng Chien, LANXESS Chemical (China) Co., Ltd. brochure, containing the necessary information for you to reach an helped our organization to be strongly 6 Clas Neumann, SAP China Co., Ltd. informed decision on the composition of the future Board of Directors of recognized in China, Germany, Europe 7 Sven O. Otten, Tünkers (Jiangsu) Automation Technology Co., Ltd. our organization. and across the worldwide AHK network as 8 Veli Polat, Lufthansa German Airlines an essential contributor to Sino-German 9 David Christian Powels, SAIC VOLKSWAGEN Automotive Co., Ltd. In order to cast your vote, you will have the option to either vote online; economic relations. 10 Pietro Scattarreggia, Demag Plastics Machinery (Ningbo) Co., Ltd. vote in person during the General Meeting on 21 May 2020; or vote by assigning a proxy to do so on your behalf. As stipulated in our Statutes, 11 Verena Schäfer BMW China Services Ltd. In closing, I encourage you, dear members, to make use of your right to the Board of Directors will serve a two-year term.
    [Show full text]
  • Infotainment & Telema$Cs
    November 2, 2015 Strategy Analy6cs, Inc 1 Kevin Li Strategy Analy6cs GENIVI 13th All-Member Mee6ng & AMM OPEN DAYS November 2, 2015 Strategy Analy9cs, Inc 2 AGENDA 1 Telema9cs Market Situa9on in China 2 Soware Topics-Smartphone GW & OS 3 Internet Company's Automo9ve Prac9ce 4 HMI & Consumer Interest 5 Aersales Market November 2, 2015 Strategy Analy9cs, Inc 3 HIGH LEVEL CHINA MARKET OVERVIEW Source: Strategy Analy6cs • 154 mIllIon cars by the end • 8% passenger cars sold In 2014 154 Mil of 2014 8% were connected In the OEM market • 17 mIllIon cars net growth • 30% passenger cars sold In the OEM 17 Mil from 2013 to 2014 30% market wIll be connected In 2018 November 2, 2015 Strategy Analy9cs, Inc 4 CHINA TELEMATICS MARKET LEADERSHIP Typical Players in OEM Market Network OEM Speed TSP Carrier In-vehicle OS Free Trial Qoros 3G MicrosoY ChIna UnIcom MicrosoY QorosQloud Lifeme BMW QNX ChIna UnIcom ConnectedDrIve 3G ChIna UnIcom GENIVI 3+7 Years Volvo ChIna UnIcom MicrosoY Sensus 3G WIrelessCar 3+7 Years Lexus ChIna Telecom QNX G-BOOK 2.5G YESWAY 4-6 Years Volkswagen VerIzon MicrosoY ChIna UnIcom Car-Net 3G Telemacs ChIna QNX 4 Years Mercedes-Benz VerIzon MicrosoY ChIna Telecom CONNET 3G Telemacs ChIna QNX 3 Years Audi ChIna UnIcom QNX AudI connect 3G WIrelessCar 3 Years SAIC 3G PATEO ChIna UnIcom AndroId InkaNet 2 Years BYD MicrosoY 3G/2.5G BYD All three 2 Years BYD Cloud AndroId Embedded telema%cs is evolving to longer free trial period. November 2, 2015 Strategy Analy9cs, Inc 5 INDUSTRY CHALLENGES: CHINA CONVERGENCE OF INFO-TELEMATICS & SAFETY
    [Show full text]
  • A24 公告 2020年5月26日 星期二 Hong Kong Commercial Daily
    A24 公告 2020年5月26日 星期二 Hong Kong Commercial Daily http://www.hkcd.com Share’s code： 000550 Share’s Name： Jiangling Motors No.： 2020—018 Management from Jilin University of Technology and a MBA, a Doctor’s a practicing attorney at Ruder, Ware and Michler Law Firm, U.S.A., counsel Director (or Supervisor) candidates. 200550 Jiangling B Degree in Political Economy from Jilin University, and is Head and Academic of Asia Pacific Region, Chrysler Corporation, U.S.A., counsel of Mergers The Independent Director candidates can be voted at the shareholders’ Director of School of Automotive Engineering of Tsinghua University, and Acquisitions Group and Northeast Asia Operations, Daimler-Chrysler meeting only after the Shenzhen Stock Exchange does not raise any Jiangling Motors Corporation, Ltd. Independent Director of JMC, and Independent Director of Chongqing A.G., Germany, an International Counsel in the Office of General Counsel, objection to qualification and independence of the Independent Director Public Announcement on Beer Co., Ltd. Mr. Li Xianjun has held various positions including Planner Ford Motor Company, Vice President & General Counsel of Ford Motor candidates. of Engine Plant of FAW, Secretary of General Manager of Jilin Province (China), Ltd., Vice President & General Counsel of Asia Pacific of Ford Motor In addition, the Independent Directors will report their performance in 2019 Resolutions of the Board of Agricultural Machine Corporation, General Manager of Planning Department Company. Mr. Alvin Qing Liu does not hold any share of the Company, is not at the 2019 Annual Shareholders’ Meeting. Please refer to the website http:// of Jinlin Province Feed Company, Lecturer of School of Business of the main responsibility for dishonesty or dishonesty disciplinary object, and in www.cninfo.com.cn for the Report.
    [Show full text]
  • Saic Motor Football Advertising Case Study Introduction
    SAIC MOTOR FOOTBALL ADVERTISING CASE STUDY INTRODUCTION PROJECT11 Played by 250 million people in more than 200 countries, football is the world’s most popular sport. It is therefore unsurprising to find advertising in the world’s most prestigious football leagues has become a valuable and unique indicator of brand awareness, campaign success, customer relations and consumer opinion. Here at Project11, we specialise in helping brands tap into this global phenomenon by offering unrivalled advertising opportunities at the world’s top sporting events. We are best known for our rights in English and Spanish football, featuring the biggest and richest clubs in the world. We deliver a platform of innovative perimeter LED advertising, exciting sponsorship and partner opportunities, enabling brands around the world to connect with their audience. This report focuses on the exposure and impact achieved for SAIC Motor by advertising at top level La Liga matches during the 2017-18 season. SAIC MOTOR INTERNATIONAL SAIC Motor Corporation Limited (SAIC Motor) is the largest auto company on China’s A-share market. SAIC Motor strives to grasp the trend of industrial development and speed up the innovation-driven industrial transformation, as well as growing into a full-range vehicle products and travel services provider, from a traditional manufacturing enterprise. Their core values are to bulid an innovative, globally recognized company that pioneers the automotive future. With the inclusion of integrity, responsibllity and collaboration, SAIC Motor aim to create value for stakeholders through a market- driven strategy. SAIC’s affiliated vehicle companies include Morris Garages, SAIC MAXUS, SAIC Volkswagen, SAIC-GM, Shanghai General Motors Wuling (SGMW), NAVECO, SAIC-IVECO Hongyan and Shanghai Sunwin Bus Corp (SUNWIN).
    [Show full text]
  • Call for Papers the Competition for the Practical Application of ICV Has Already Started in the Global Automotive Industry
    Call for papers www.cicv.org.cn The competition for the practical application of ICV has already started in the global automotive industry. A sound environment for ICV are taking into shape, as China is embracing a clear trend of multi-industrial coordination and innovation and taking planned steps to make top-level policies and standards. As a national strategy, the development of ICV helps to create opportunities for cross-industrial innovation. In order to promote the development of ICV in China and build a world-class platform for technology exchange, China SAE， Tsinghua University Suzhou Automotive Research Institute and China Intelligent and Connected Vehicles (Beijing) Research Institute Co. Ltd jointly initiated an annual congress “International Congress of Intelligent and Connected Vehicles Technology (CICV)”. It is a world-class technology exchange platform for automotive, IT/Internet, communications and transportation industry. At the same time, as an important sign for policies, leading technologies showcases, and industry integration accelerator, CICV serves as a platform for communication and exchange between enterprises, universities and industrial research institutes and provide references for them. The 6th International Congress of Intelligent and Connected Vehicles Technology (CICV 2019) is to be held in June, 2019. Focusing on ADAS and key technologies of automated driving as well as ICV policies and regulations, CICV 2019 will invite about 80 experts and technical leaders to share new technology results and ideas on hot topics including Environment Perception and, Development and Testing, V2X, AI, Cyber Security, HD Map, Intelligent and Connected Transportation, Co-pilot and HMI. The concurrent activities including technical exhibition, promotional tours for innovative technologies and entrepreneurship programs.
    [Show full text]
  • SAIC Volkswagen Case Study
    Nutanix Enterprise Cloud Nutanix Enterprise Cloud brings Supports the Private Cloud rapid deployment with high efficiency and being trouble-free Construction of SAIC Volkswagen CHALLENGE The IT revolution led by the Internet technology in recent years has brought many changes to the traditional car industry. In the face of new opportunities brought by the information technology, the auto industry, while maintaining stable growth of existing businesses, also needs to update their products and explore new business models. With the expansion in business development, SAIC Volkswagen Automotive Co., Ltd. (SAIC Volkswagen)’s requirement on information department for full-system security, operation and maintenance, has become more stringent. According to Wang Chunxiao, SAIC Volkswagen project leader, IT support is required in all aspects of the company’s business, i.e. R&D and manufacturing, transportation and logistics, car sales, after-sales services, and new forms of consumer relations programs such as fan club and car owner association Currently, SAIC Volkswagen has two datacenters in Shanghai and a disaster recovery data center under construction in Jiangsu. Earlier, the applications and databases at SAIC Volkswagen were mostly deployed on Unix-based small computers. In addition, it also had many web servers and small application servers. As a result, the total number of servers exceeded 1,000. The IT team of SAIC Volkswagen faced three challenges in operation and maintenance: First, the existing legacy data center with server and storage ran a wide variety of IT applications. As a result of the expansion of applications and services, the pressures and costs of managing hardware infrastructure) have increased.
    [Show full text]
  • Volkswagen Group China Divisions
    46 Volkswagen Group China Divisions Volkswagen Group China In the Chinese market, Volkswagen continued to put all its energies into the strategic direction of e-mobility in 2020. The negative impact of the Covid-19 pandemic on business operations remained limited. BUSINESS DEVELOPMENT China remained the largest single market for Volkswagen in 2020. In the Chinese market, the Group offers more than 160 imported and locally produced models from the Volkswagen Passenger Cars, JETTA, Audi, ŠKODA, Porsche, Bentley, Lamborghini, Bugatti, Volkswagen Commercial Vehicles, MAN, and Scania brands as well as motorcycles by the Ducati brand. At 3.8 (4.2) million units (including imports), we delivered fewer vehicles to customers in 2020 than in the previous year in a Chinese market distinctly weakened by the pandemic. However, the Volkswagen Group remained the clear number one with Chinese customers with a market share of 19.3%. New models achieved a good market performance, including the new Volkswagen Passenger Cars flagship Touareg e-hybrid, the Viloran, the JETTA SUV VS7, the Porsche Taycan and the Audi Q2 and Q3 models. The new Tayron and Tharu models quickly took the lead in the A-SUV market. As part of the SUV campaign, we launched ten new models in 2020. They contributed to increased deliveries in the SUV segment and helped us to maintain our number one position. The new energy vehicle (NEV) segment was the fastest growing segment in China in 2020. The seven new NEV models increased the Group’s portfolio to 22 electrified models in China. The premium brands Audi, Porsche and Bentley again delivered strong sales figures, and the young entry-level brand JETTA also attracted a large number of customers in its first full year of sales.
    [Show full text]