Overview of Japanese Automobile Manufactures' Operations in China
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CHINA FIELD TRIP May 10Th –12Th, 2011
CHINA FIELD TRIP May 10th –12th, 2011 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company’s results or any other performance indicator, but rather trends or targets, as the case may be. These statements are by their nature subject to risks and uncertainties as described in the Company’s annual report available on its Internet website (www.psa-peugeot-citroen.com). These statements do not reflect future performance of the Company, which may materially differ. The Company does not undertake to provide updates of these statements. More comprehensive information about PSA PEUGEOT CITROËN may be obtained on its Internet website (www.psa-peugeot-citroen.com), under Regulated Information. th th China Field Trip - May 10 –12 , 2011 2 PSA in Asia – Market Forecast, PSA in China: ongoing successes and upsides Frédéric Saint-Geours Executive VP, Finance and Strategic Development Grégoire Olivier, Executive VP, Asia Table of contents Introduction China: the new auto superpower China: a global economic power The world’s largest automotive market The growth story is set to continue PSA in China China: a second home market for PSA 2 complementary JVs Key challenges in China and PSA differentiation factors A sustainable profitable growth Extending the Chinese Success ASEAN strategy Capturing the Indian opportunity th th China Field Trip - May 10 –12 , 2011 4 PSA – a global automotive player (1/2) > 39% of PSA’s 2010 sales are realized outside of Europe, of -
Analysis of the Dynamic Relationship Between the Emergence Of
Annals of Business Administrative Science 8 (2009) 21–42 Online ISSN 1347-4456 Print ISSN 1347-4464 Available at www.gbrc.jp ©2009 Global Business Research Center Analysis of the Dynamic Relationship between the Emergence of Independent Chinese Automobile Manufacturers and International Technology Transfer in China’s Auto Industry Zejian LI Manufacturing Management Research Center Faculty of Economics, the University of Tokyo E-mail: [email protected] Abstract: This paper examines the relationship between the emergence of independent Chinese automobile manufacturers (ICAMs) and International Technology Transfer. Many scholars indicate that the use of outside supplies is the sole reason for the high-speed growth of ICAMs. However, it is necessary to outline the reasons and factors that might contribute to the process at the company-level. This paper is based on the organizational view. It examines and clarifies the internal dynamics of the ICAMs from a historical perspective. The paper explores the role that international technology transfer has played in the emergence of ICAMs. In conclusion, it is clear that due to direct or indirect spillover from joint ventures, ICAMs were able to autonomously construct the necessary core competitive abilities. Keywords: marketing, international business, multinational corporations (MNCs), technology transfer, Chinese automobile industry but progressive emergence of independent Chinese 1. Introduction automobile manufacturers (ICAMs). It will also The purpose of this study is to investigate -
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. -
Fulbright-Hays Seminars Abroad Automobility in China Dr. Toni Marzotto
Fulbright-Hays Seminars Abroad Automobility in China Dr. Toni Marzotto “The mountains are high and the emperor is far away.” (Chinese Proverb)1 Title: The Rise of China's Auto Industry: Automobility with Chinese Characteristics Curriculum Project: The project is part of an interdisciplinary course taught in the Political Science Department entitled: The Machine that Changed the World: Automobility in an Age of Scarcity. This course looks at the effects of mass motorization in the United States and compares it with other countries. I am teaching the course this fall; my syllabus contains a section on Chinese Innovations and other global issues. This project will be used to expand this section. Grade Level: Undergraduate students in any major. This course is part of Towson University’s new Core Curriculum approved in 2011. My focus in this course is getting students to consider how automobiles foster the development of a built environment that comes to affect all aspects of life whether in the U.S., China or any country with a car culture. How much of our life is influenced by the automobile? We are what we drive! Objectives and Student Outcomes: My objective in teaching this interdisciplinary course is to provide students with an understanding of how the invention of the automobile in the 1890’s has come to dominate the world in which we live. Today an increasing number of individuals, across the globe, depend on the automobile for many activities. Although the United States was the first country to embrace mass motorization (there are more cars per 1000 inhabitants in the United States than in any other country in the world), other countries are catching up. -
China Motor Corporation Investor Conference (Ticker Symbol ：2204)
China Motor Corporation Investor Conference (ticker symbol ：2204) Aug. 19, 2020 0 Agenda 14:30 China Motor Corporation Investor Conference CMC Operating Results and Future Plan 8 Opinion Exchange 15:10 Presenter ：Cheng-Chang Huang Vice President 1 CMC Operating Results and Future Plan (ticker symbol ：2204) Safe Harbor Notice This presentation contains forward-looking statements concerning the financial condition, results of operations and businesses of China Motor Corporation (“CMC”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties which may vary from time to time and actual results may differ materially from those contained in the forward-looking statements, whether as result of new information, future events, or otherwise. CMC, its subsidiaries and representatives do not undertake any obligation to the damages resulted from the use, with or without negligence, of this presentation or other information related with it, except as required by law. Any part of this presentation can not be, on any purpose, directly or indirectly replicated, spread, transmitted or published. 3 Outline Market Overview • Auto Market in Taiwan • Auto Market in China CMC’s Operating Results in the first half of 2020 CMC’s Prospect in 2020 4 Auto Market in Taiwan Estimated (Directorate-General of Budget, Accounting and Statistics) (Taiwna Institute of (Chung-Hua Institution Economic Research) Economic Research) (Source： Directorate-General of Budget, Accounting and Statistics) Due to the COVID-19, the economic growth rate is a negative value in Q2. But the epidemic outbreak has been controlled, the government deregulate gradually and introduce consumption policies to boost consumption in the second half of the year. -
ANNUAL REPORT 2012 Contents
CHINA METAL INTERNATIONAL HOLDINGS INC. (Incorporated in the Cayman Islands with limited liability) Stock Code : 319 ANNUAL REPORT 2012 CONTENTS 2 CORPORATE INFORMATION 3 CHAIrman’s STATEMENT 5 MANAGEMENT DISCUSSION AND ANALYSIS 8 CORPORATE GOVERNANCE REPORT 17 REPORT OF THE DIRECTORS 25 BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT 31 INDEPENDENT AUDITor’s REPORT 32 CONSOLIDATED INCOME STATEMENT 33 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 34 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 35 STATEMENT OF FINANCIAL POSITION 36 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 37 CONSOLIDATED CASH FLOW STATEMENT 38 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 86 FIVE YEARS SUMMARY Annual Report 2012 CHINA METAL INTERNATIONAL HOLDINGS INC 1 CORPORATE INFORMATION BOARD OF DIRECTORS PLACE OF BUSINESS IN HONG KONG Executive Directors Room 1502, 15th Floor The Chinese Bank Building KING Fong-Tien (Chairman) 61-65 Des Voeux Road Central TSAO Ming-Hong (Vice Chairman) Hong Kong WU Cheng-Tao CHEN Shun Min PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Non-Executive Director Appleby Corporate Services (Cayman) Ltd. Christian Odgaard PEDERSEN Clifton House 75 Fort Street Independent Non-Executive Directors P.O. Box 1350 GT George Town, Grand Cayman WONG Tin Yau, Kelvin, FHKIoD Cayman Islands CHIU LIN Mei-Yu (also known as Mary Lin Chiu) CHEN Pou-Tsang (also known as Angus P.T. Chen) HONG KONG BRANCH SHARE REGISTRAR COMPANY SECRETARY AND TRANSFER OFFICE TSE Kam Fai Computershare Hong Kong Investor Services Limited Shops 1712-1716, 17/F AUTHORISED REPRESENTATIVES Hopewell Centre 183 Queen’s Road East CHEN Shun Min Wanchai, Hong Kong TSE Kam Fai PRINCIPAL BANKERS AUDIT COMMITTEE Agricultural Bank of China WONG Tin Yau, Kelvin, FHKIoD (chairman) Tianjin TEDA Branch CHIU LIN Mei-Yu (also known as Mary Lin Chiu) International Development Building CHEN Pou-Tsang (also known as Angus P.T. -
Encouraging Knowledge-Intensive Industries: What Australia Can Draw from the Industrial Upgrading Experiences of Taiwan and Singapore
ENCOURAGING KNOWLEDGE-INTENSIVE INDUSTRIES: WHAT AUSTRALIA CAN DRAW FROM THE INDUSTRIAL UPGRADING EXPERIENCES OF TAIWAN AND SINGAPORE John A. Mathews Macquarie Graduate School of Management Report commissioned by the Australian Business Foundation August 1999 CONTENTS Page Foreword 3 Executive Summary 5 Abbreviations 9 1. Introduction: What is there to learn from Asia in 1999? 11 2. Industrial upgrading in Taiwan 15 3. Case study: Taiwan's innovation alliances 35 4. Industrial upgrading in Singapore 57 5. Case study: Singapore's cluster development strategies 76 6. Common institutional elements: Industrial upgrading and institutional learning 83 7. Concluding remarks: A way forward for Australian firms and institutions 94 2 FOREWORD Professor John A. Mathews of the Macquarie Graduate School of Management was commissioned by the Australian Business Foundation to research and prepare a paper that would offer some practical examples of industrial upgrading of relevance for Australia. The paper submitted describes and analyzes the industrial and technological upgrading practices of firms and public institutions in Singapore and Taiwan. These two nations are of particular interest because they have weathered the recent Asian financial crisis well. Their institutional strategies are robust and have important lessons for other countries, including Australia. The Australian Business Foundation is Australia's newest, independent, private sector economic and industry policy think-tank. It is sponsored as a separate research arm by Australian Business, the pre-eminent business services organisation. The mission of the Australian Business Foundation is to strengthen Australian enterprise through research and policy innovation. It does this by conducting ground-breaking research, which it uses to foster informed and well-argued debates and imaginative policy solutions and initiatives. -
Interim Report Guangzhou Automobile Group Co., Ltd
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 2011 Interim Report Guangzhou Automobile Group Co., Ltd. 2011 Interim Report Contents Chairman’s Statement 2 Corporate Information 4 Directors, Supervisors and Senior Management 6 Management’s Discussion and Analysis on Interim Results 7 Integrated Information 15 Unaudited Condensed Consolidated Interim Financial Information 24 Defi nitions 57 2011 Interim Report Chairman’s Statement Zhang Fangyou Chairman Dear Shareholders, On behalf of the Board, I am pleased to present the 2011 interim results of the Company for your review. In the fi rst half of 2011, the overall condition of Chinese economy maintains robust while the growth slows slightly due to the impact of tight monetary policy and some international economic uncertainties, such as the Japanese earthquake and European debt crisis. Under the infl uence of these factors, combined with the withdrawal of stimulating policy on Auto consumption, the sales growth rate of Automobile in China dropped signifi cantly compared with last two years. The aggregate sales of vehicles amounted to 9,325,200 units, representing an increase of 3.35% compared to the corresponding period last year. Within them, 7,110,300 units sold are passenger vehicles and 2,214,900 units sold are commercial vehicles, representing an increase of 5.75% and a decrease of 3.67% compared to the corresponding period last year respectively. During the fi rst half of the year, the auto parts supply chain in Japanese joint-venture automobile enterprises was materially affected due to the Japanese earthquake, and thus the normal production and operation activities of our major investment enterprises were largely affected. -
Social Responsibility Report of Nissan's Subsidiaries
2015 SOCIAL RESPONSIBILITY REPORT OF NISSAN’S SUBSIDIARIES IN CHINA Introduction As the second social responsibility report released by Nissan Motor Company in China, and Dongfeng Motor Group Co., Ltd. in China), and Dongfeng Infiniti Automobile Co., 2015 SOCIAL RESPONSIBILITY REPORT OF NISSAN’S SUBSIDIARIES IN CHINA Ltd., an independent wholly-owned subsidiary of Dongfeng Motor Company Limited. In (hereinafter referred to as “this Report” or “the Report”) mainly describes the social this Report, “Nissan's subsidiaries in China” refer to the companies above in general, responsibility performance of Nissan’s subsidiaries in China from January to December and “Nissan” refers to Nissan Motor Company. 2014, with part of the data and descriptions involving information before 2014. All the information and data in this Report are supplied by Nissan's subsidiaries in This Report covers Nissan’s wholly-owned subsidiary in China – Nissan (China) China. Nissan ensures that the materials related to this Report are authentic and reliable Investment Co., Ltd., two joint ventures – Dongfeng Nissan Passenger Vehicle Company and that no false record, major omission or misleading statement is contained here in and Zhengzhou Nissan Automobile Co., Ltd. (i.e., the subsidiary companies of this Report. In addition, all the amounts in this Report are denominated in RMB (Yuan) Dongfeng Motor Co., Ltd., a joint venture between Nissan (China) Investment Co., Ltd. unless specified otherwise. 01 2015 SOCIAL RESPONSIBILITY REPORT OF NISSAN’S SUBSIDIARIES IN CHINA -
Understanding Auto Fincos
Global Research 18 March 2019 Fundamental Analytics Equities Behind the numbers: Autos Global Valuation, Modelling & Accounting Geoff Robinson, CA FCA Analyst [email protected] +44-20-7567 1706 Julian Radlinger, CFA Analyst [email protected] +44-20-7568 1171 Renier Swanepoel Analyst [email protected] +44-20-7568 9025 Patrick Hummel, CFA Analyst [email protected] +41-44-239 79 23 Guy Weyns, PhD Analyst We launch the second of our series of collaborative sector analyses … [email protected] The Fundamental Analytics team has teamed up with the UBS Global Auto Sector team +65-6495 3507 (17 analysts across six regions) to deliver the second in its series of collaborative reports Paul Gong (see the first one on pharmaceuticals here). This report focuses on all things Autos. It is Analyst written to (1) provide investors new to Autos with an exhaustive overview of everything [email protected] that's relevant to understand the sector from an industry and company perspective, (2) +852-2971 7868 help new and seasoned investors alike frame their financial statement and earnings Colin Langan, CFA quality analysis, and (3) provide a guide to the most commonly used accounting Analyst practices and pitfalls specific to the sector, how to spot them, interpret and adjust for [email protected] +1-212-713 9949 them. This report is the go-to Global Auto sector hand-book for equity investors. Kohei Takahashi … including a detailed global sector run-through … Analyst Our report starts with a ~50-page sector primer written on the basis of the combined [email protected] expertise and wealth of resources of the UBS Global Auto Sector team. -
DIAGNOSTIC CONNECTORS LIST APPLY to MAKER & No
DIAGNOSTIC CONNECTORS LIST APPLY TO MAKER & No. NAME RELEASED DATE PICTURE REMARK Function 1 [KIA-20] KIA 2001.7. 2 [CHRYSLER-6] CHRYSLER 2001.7. 3 [FORD-6+1] FORD 2001.7. TOYOTA equipped with 4 [TOYOTA-17] 2001.7. semicircular 17pin DLC 5 [MITSUBISHI/HYUNDAI-12+16] MITSUBISHI & HYUNDAI 2002.11. 6 [HONDA-3] HONDA 2002.11. MAZDA equipped with 7 [MAZDA-17] 2002.12. semicircular 17pin DLC 8 [HAIMA-17] HAINAN MAZDA 2002.12. Most maker any model 9 [SMART OBDII-16] 2002.5. without CAN BUS 10 [NISSAN-14+16] NISSAN 2003.10. 11 [CHANGAN-3] CHANGAN 2003.11. 12 [JIANGLING-16] JIANGXI ISUZU 2003.3. 13 [SUZUKI-3] SUZUKI 2003.3. 14 [ZHONGHUA-16] ZHONGHUA CAR 2003.3. 15 [HAINAN MAZDA-17F] HAINAN MAZDA 2003.4. 16 [AUDI-4] AUDI 2003.6. 17 [DAIHATSU-4] DAIHATSU 2003.6. 18 [BENZ-38] BENZ 2003.7. 19 [UNIVERSAL-3] BENZ 2003.7. 20 [BMW-20] BMW 2003.9. All BMW models with 16 pin 21 [BMW-16] 2003.9. DLC 22 [HAIMA-16] HAINAN MAZDA 2004.10. 23 [FIAT-3] FIAT 2004.10. 24 [HAIMA-3] HAINAN MAZDA 2004.10. 25 [FORD-20] Australia FORD 2004.11. For 2002- LX470 and LAND 26 [TOYOTA-16] TOYOTA 2004.11. CRUISE 27 [HONDA5] HONDA 2004.11. Only for Russian HONDA 28 [GM/VAZ-12] GMVAZ 2004.3. 29 [DAEWOO-12] DAEWOO,SPARK 2004.3. 30 [SEDAN-3] VW models in Mexico 2004.3. Only for Mexico 31 [COMBI-4] VW models in Mexico 2004.3. Only for Mexico 32 [GAZ-12] GAZ 2004.5. -
Dongfeng Motor (489.HK) – Initiation of Coverage 10 January 2013
Dongfeng Motor (489.HK) – Initiation of Coverage 10 January 2013 Dongfeng Motor (489.HK) Automobile Sector 10 January 2013 Research Idea: Moving Up the Gears Target Price HK$15.00 We rate Dongfeng Motor (DFG) a Buy with 12-month target price of 12m Rating Buy HK$15.00. Its sales have dropped since Q3 2012 amid Sino-Japan tensions, 16% upside but we expect a recovery to pre-protest levels in Q1 2013 and growth to DFG – Price Chart (HK$) persist backed by a strong brand lineup. As one of the nation’s leading 22 Bull, HK$20.90 20 automakers, DFG is a good proxy for a secular sector growth story. 18 16 Base, HK$15.00 Three reasons to Buy: 14 12 10 . Sino-Japanese tensions have eased. DF Honda’s sales rebounded to 8 pre-protest levels while DF Nissan’s rebounded to 80% of pre-protest 6 Bear, HK$6.40 Jan12 May12 Sep12 Jan13 May13 Sep13 Jan14 levels in December, well above expectations. Consumer concerns about damage to vehicles should be offset by Sino-Japan auto JVs Price (HK$) 12.96 guaranteeing to repair damage caused during the recent unrest. We Mkt cap – HK$m (US$m) 112,354 (14,494) expect DFG’s sales volume growth to rebound from down 0.8% to +11% in FY13. Free float – % (H-share) 100.00 3M avg. t/o– HK$m (US$m) 299.5 (38.6) . Strong brand lineup can facilitate market-share gains. DFG has Major shareholder (%) three JVs and a comprehensive range of well-received models, which should help minimize sales fluctuations.