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2017 Passenger Vehicles Actual and Reported Fuel Consumption: a Gap Analysis
2017 Passenger Vehicles Actual and Reported Fuel Consumption: A Gap Analysis Innovation Center for Energy and Transportation December 2017 1 Acknowledgements We wish to thank the Energy Foundation for providing us with the financial support required for the execution of this report and subsequent research work. We would also like to express our sincere thanks for the valuable advice and recommendations provided by distinguished industry experts and colleagues—Jin Yuefu, Li Mengliang, Guo Qianli,. Meng Qingkuo, Ma Dong, Yang Zifei, Xin Yan and Gong Huiming. Authors Lanzhi Qin, Maya Ben Dror, Hongbo Sun, Liping Kang, Feng An Disclosure The report does not represent the views of its funders nor supporters. The Innovation Center for Energy and Transportation (iCET) Beijing Fortune Plaza Tower A Suite 27H No.7 DongSanHuan Middle Rd., Chaoyang District, Beijing 10020 Phone: 0086.10.6585.7324 Email: [email protected] Website: www.icet.org.cn 2 Glossary of Terms LDV Light Duty Vehicles; Vehicles of M1, M2 and N1 category not exceeding 3,500kg curb-weight. Category M1 Vehicles designed and constructed for the carriage of passengers comprising no more than eight seats in addition to the driver's seat. Category M2 Vehicles designed and constructed for the carriage of passengers, comprising more than eight seats in addition to the driver's seat, and having a maximum mass not exceeding 5 tons. Category N1 Vehicles designed and constructed for the carriage of goods and having a maximum mass not exceeding 3.5 tons. Real-world FC FC values calculated based on BearOil app user data input. -
Geely Automobile Holdings (175 HK)– BUY HKD12.00 Key Trends in China’S PV Market Over the Next Three Years: 1
Sector Initiation Hong Kong ! 5 May 2017 Consumer Cyclical | Automobiles & Components Neutral Automobiles & Components Stocks Covered: 3 Competition In The New Era Ratings (Buy/Neutral/Sell): 1 / 2 / 0 We expect growth in China’s PV market to slow to 5%/3% in 2017/2018 Top Pick Target Price respectively, due to diminishing effects of purchase tax cuts. We see three Geely Automobile Holdings (175 HK)– BUY HKD12.00 key trends in China’s PV market over the next three years: 1. Local brands to expand market share; 2. EV sales to grow at a higher pace vs fuel cars; 3. SUVs to continue to lead the market. China’s PV sales and growth rate on the uptrend Our sector Top Pick is Geely on its improved model portfolio and good synergy with Volvo. We also initiate coverage on BYD and GWM with NEUTRAL recommendations. Our sector call is NEUTRAL. We initiate coverage on China’s auto manufacturers with a NEUTRAL weighting. We expect passenger vehicles and minibus (collectively known as PV) sales in 2017/2018 to grow by 5%/3% respectively, slowing from 7%/15% registered in 2015/2016 respectively. This is as due to the diminishing effects of purchase tax discounts on cars with 1.6L displacement and below, to 25% starting 2017 from 50% in Oct 2015. Note that part of 2017’s PV sales were pre- sold in 2016, and part of PV sales in 2018 would be partially pre-sold in 2017. Solid growth expected in various segments, such as sport utility vehicles (SUVs), electric vehicles (EVs), smart vehicles, cars with displacements above 1.6L, premium brands, price-insensitive auto buyers, and in areas such as lower- Source: China Passenger Car Association (CPCA) tier cities. -
Geely Emgrand” * * * * * * * * * * Path the Road to New Image of Chinese Automobile
[Press Release] Geely Automobile Holdings Limited OFFICIAL LAUNCH OF “GEELY EMGRAND” * * * * * * * * * * PATH THE ROAD TO NEW IMAGE OF CHINESE AUTOMOBILE (HONG KONG, 30 July 2009)--- Geely Automobile Holdings Limited (“Geely Automobile”/the “Group”)(Stock code: 175) announced that the Group has officially launched its new brand – the “Geely Emgrand” on 28 July. “Geely Emgrand” is a new individual model developed by the Group, it is also the first individual brand positioning on medium-high end market in China. The logo of “Geely Emgrand”, which is designed with the inlay of 3 pieces of ruby and 3 pieces of onyx, has won among “Geely 3.6 million candidate new logos”. Meanwhile, the Group first B segment model EC718, including the ”Sedan EC718” and ”Hatchback EC718-RV”, was released on the same day. By now, all the 3 new brands of the Group’s 2007 “Strategic Transformation” Campaign have been released and put into operation. “Geely Emgrand” covers all categories of the Group, such as medium-high end sedan, SUV, MPV and high-end pick-up, etc. It is learnt that first models exhibited on Shanghai Auto Show are also of “Geely Emgrand”, including C-segment car EC825, MPV EV825, luxury SUV EX825, cross-country vehicle EX925 and luxury pick-up ET925. The Abovementioned models will play an important role in the automobile industry of China with great market potential and competitiveness. Equipped with advanced BMBS system, “Geely Emgrand EC718” is the first car model aiming at European and American market. From the design R&D, equipment & process brand system to service system, the Group invested a lot to reach international advanced level. -
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. -
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 -
China Autos Driving the EV Revolution
Building on principles One-Asia Research | August 21, 2020 China Autos Driving the EV revolution Hyunwoo Jin [email protected] This publication was prepared by Mirae Asset Daewoo Co., Ltd. and/or its non-U.S. affiliates (“Mirae Asset Daewoo”). Information and opinions contained herein have been compiled in good faith from sources deemed to be reliable. However, the information has not been independently verified. Mirae Asset Daewoo makes no guarantee, representation, or warranty, express or implied, as to the fairness, accuracy, or completeness of the information and opinions contained in this document. Mirae Asset Daewoo accepts no responsibility or liability whatsoever for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. Information and opin- ions contained herein are subject to change without notice. This document is for informational purposes only. It is not and should not be construed as an offer or solicitation of an offer to purchase or sell any securities or other financial instruments. This document may not be reproduced, further distributed, or published in whole or in part for any purpose. Please see important disclosures & disclaimers in Appendix 1 at the end of this report. August 21, 2020 China Autos CONTENTS Executive summary 3 I. Investment points 5 1. Geely: Strong in-house brands and rising competitiveness in EVs 5 2. BYD and NIO: EV focus 14 3. GAC: Strategic market positioning (mass EVs + premium imported cars) 26 Other industry issues 30 Global company analysis 31 Geely Automobile (175 HK/Buy) 32 BYD (1211 HK/Buy) 51 NIO (NIO US/Buy) 64 Guangzhou Automobile Group (2238 HK/Trading Buy) 76 Mirae Asset Daewoo Research 2 August 21, 2020 China Autos Executive summary The next decade will bring radical changes to the global automotive market. -
China's Risky Drive Into New-Energy Vehicles
NOVEMBER 2018 China’s Risky Drive into New-Energy Vehicles AUTHOR Scott Kennedy A joint project of the CSIS FREEMAN CHAIR IN CHINA STUDIES and the CSIS TECHNOLOGY POLICY PROGRAM China Innovation Policy Series NOVEMBER 2018 China’s Risky Drive into New-Energy Vehicles AUTHOR Scott Kennedy A joint project of the CSIS Freeman Chair in China Studies and the CSIS Technology Policy Program About CSIS For over 50 years, the Center for Strategic and International Studies (CSIS) has worked to develop solutions to the world’s greatest policy challenges. Today, CSIS scholars are providing strategic insights and bipartisan policy solutions to help decisionmakers chart a course toward a better world. CSIS is a nonprofit organization headquartered in Washington, D.C. The Center’s 220 full-time staff and large network of affiliated scholars conduct research and analysis and develop policy initiatives that look into the future and anticipate change. Founded at the height of the Cold War by David M. Abshire and Admiral Arleigh Burke, CSIS was dedicated to finding ways to sustain American prominence and prosperity as a force for good in the world. Since 1962, CSIS has become one of the world’s preeminent international institutions focused on defense and security; regional stability; and transnational challenges ranging from energy and climate to global health and economic integration. Thomas J. Pritzker was named chairman of the CSIS Board of Trustees in November 2015. Former U.S. deputy secretary of defense John J. Hamre has served as the Center’s president and chief executive officer since 2000. CSIS does not take specific policy positions; accordingly, all views expressed herein should be understood to be solely those of the author(s). -
RMI Bulletin
04/2018 706 new vehicles in the system Vehicles in the RMI database Manufacturer Manufacturer CAR BMW 28 HYUNDAI (BEIJING) 20 CHEVROLET 20 HYUNDAI (HUATAI) 9 CITROËN (DF-PSA) 34 JINBEI 27 Total: 29,322 (K type No.) DONGNAN (SOUEAST) 9 JINBEI (BRILLIANCE) 16 Brands in the system: 171 DS (CAPSA) 12 JMC 10 Growth since last Q: 607 EMGRAND 10 KIA 19 ENGLON 21 KIA (DYK) 13 LCV FAW (TIANJIN) 27 MERCEDES-BENZ 45 FIAT 14 NISSAN (DFAC) 42 FORD 10 NISSAN (DONGFENG) 10 Total: 4,441 (K type No.) FORD (CHANGAN) 16 PEUGEOT 15 Brands in the system: 41 FORD (JMC) 15 PEUGEOT (DF-PSA) 36 Growth since last Q: 90 GLEAGLE 20 RENAULT 9 HAWTAI 12 SEAT 29 Truck HONDA (DONGFENG) 17 SUZUKI (CHANGAN) 11 HONDA (GAC) 20 VOLVO 14 HYUNDAI 10 ZOTYE 33 Total: 12,670 (N type No.) Brands in the system: 11 Growth since last Q: 9 TecAlliance GmbH Steinheilstraße 10 D-85737 Ismaning Contact: Germany +49 221 6600 0 www.tecalliance.net [email protected] Labor times estimates Maintenance plans and interval display Labor times according to manufacturer’s specifications Maintenance data, work lists, service intervals CAR LCV Truck CAR LCV Truck Available: 21,836 3,756 10,541 Available: 16,945 2,718 8,812 Positions: 11,849,670 2,244,953 9,045,566 Positions: 1,893,068 388,946 2,009,886 Growth pos.: 155,679 24,482 89,177 Growth pos.: 38,591 4,459 23,764 Test and adjustment values Technical Manuals List of all relevant settings Detailed technical manuals in text and images CAR LCV Truck CAR LCV Truck Available: 24,224 3,917 12,201 Available: 22,417 3,708 12,062 Positions: 4,000,314 -
United! but Stronger?
A publication from March 2012 Volume 01 | Issue 01 global europe.autonews.com/globalmonthly monthly Your source for everything automotive. United! But stronger? Why PSA and GM think their alliance will revive their Hands: © Joachim Wendler - Fotolia.com - Fotolia.com Wendler Hands: © Joachim Balazh - Fotolia.com Globus: © Anton © 2012 crain communications inc. all rights reserved struggling European operations VW production head Macht March 2012 A publication from global monthly dAtA Volume 01 | Issue 01 pushes factories to new limits Peugeot looks WESTERN EUROPE SALES BY MODEL, 9 MONTHSfor sales liftbrought to you courtesy of www.jato.com from 308 January 2012 9 months 9 months Unit Percent 9 months 9 months Unit Percent 2011 2010 change change 2011 2010 change change European sales Scenic/Grand Scenic ......... 116,475 137,093 –20,618 –15% A1 ................................. 73,394 6,307 +67,087 – Espace/Grand Espace ...... 12,656 12,340 +316 3% A3/S3/RS3 ..................... 107,684 135,284 –27,600 –20% Koleos ........................... 11,474 9,386 +2,088 22% A4/S4/RS4 ..................... 120,301 133,366 –13,065 –10% data from JATO Kangoo ......................... 24,693 27,159 –2,466 –9% A6/S6/RS6/Allroad ......... 56,012 51,950 +4,062 8% Trafic ............................. 8,142 7,057 +1,085 15% A7 ................................. 14,475 220 +14,255 – Other ............................ 592 1,075 –483 –45% A8/S8 ............................ 6,985 5,549 +1,436 26% Total Renault brand ........ 747,129 832,216 –85,087 –10% TT .................................. 14,401 13,435 +966 7% RENAULT ........................ 898,644 994,894 –96,250 –10% A5/S5/RS5 ..................... 54,387 59,925 –5,538 –9% RENAULT-NISSAN ........... -
Geely Auto 吉利汽车 (175 HK) ACCUMULATE
Hong Kong Equity | Automobile Company in-depth Geely Auto 吉利汽车 (175 HK) ACCUMULATE Sales Rebound Following Mid-2019 Weak Performance Share Price Target Price Geely ranked No. 7 among Chinese auto makers in 2018, according to CAAM. HK$15.36 HK$16.7 Though Geely’s sales volume declined in 2Q2019, it has recovered gradually since 9/2019 and sold 143,234 units (+1.1%/10% YoY/MoM) in 11/2019. We believe the launch of 6-8 new models in 2020E and fuel vehicles sales pick-up in China may China / Automobile / Auto Maker continue to boost its sales volume. Combined with rising contribution from mid-to-high end vehicles to support ASP, we estimate 2020E profit to improve by 9 December 2019 26% YoY to RMB11.3 bn. We initiate Accumulate with TP of HK$16.7, suggesting 9% upside potential. Alison Ho (SFC CE:BHL697) Sales decline narrowed down: Geely sales dropped significantly in 2Q2019 & 3Q2019 (852) 3519 1291 mainly due to 1) the implementation of China VI vehicle emission standard from [email protected] 1/Jul/2019 in some cities resulting in customers squeezing demand for new cars in 1H2019; 2) the uncertainties on relations between China and US; 3) economic downturn to drag consumer’s purchasing power. However, we saw Geely’s auto sales decline has Latest Key Data narrowed since 9/2019 and recorded a growth of 1.1% yoy in 11/2019. Under Total shares outstanding (mn) 9,146 consideration that December and January are regarded as the high season for auto sales, Market capitalization (HK$mn) 140,476 with customers traditionally making purchases before Chinese New Year, we therefore Enterprise value (HK$mn) 126,335 believe Geely’s auto sales growth will keep improving in the near future. -
Leapfrogging Or Stalling Out? Electric Vehicles in China
Leapfrogging or Stalling Out? Electric Vehicles in China Sabrina Howell Henry Lee Adam Heal 2015 RPP-2015-07 Regulatory Policy Program Mossavar-Rahmani Center for Business and Government Harvard Kennedy School 79 John F. Kennedy Street, Weil Hall Cambridge, MA 02138 CITATION This paper may be cited as: Howell, Sabrina, Henry Lee, and Adam Heal. 2015. “Leapfrogging or Stalling Out? Electric Vehicles in China.” Regulatory Policy Program Working Paper RPP-2015-07. Cambridge, MA: Mossavar-Rahmani Center for Business and Government, Harvard Kennedy School, Harvard University. Comments may be directed to the authors. REGULATORY POLICY PROGRAM The Regulatory Policy Program at the Mossavar-Rahmani Center for Business and Government serves as a catalyst and clearinghouse for the study of regulation across Harvard University. The program's objectives are to cross-pollinate research, spark new lines of inquiry, and increase the connection between theory and practice. Through seminars and symposia, working papers, and new media, RPP explores themes that cut across regulation in its various domains: market failures and the public policy case for government regulation; the efficacy and efficiency of various regulatory instruments; and the most effective ways to foster transparent and participatory regulatory processes. The views expressed in this paper are those of the authors and do not imply endorsement by the Regulatory Policy Program, the Mossavar-Rahmani Center for Business and Government, Harvard Kennedy School, or Harvard University. FOR FURTHER INFORMATION Further information on the Regulatory Policy Program can be obtained from the Program's executive director, Jennifer Nash, Mossavar-Rahmani Center for Business and Government, Weil Hall, Harvard Kennedy School, 79 JKF Street, Cambridge, MA 02138, telephone (617) 495-9379, telefax (617) 496-0063, email [email protected]. -
Geely Holding Group Corporate Social Responsibility Report
Geely Holding Group 2019 CSR Corporate Social Responsibility Report CSR 2019 - - Geely Holding Group Corporate Social Responsibility Report 1 2 Geely Holding Group 2019 CSR Corporate Social Responsibility Report About this report 1 Overview of Geely 17 Respecting, supporting and providing 45 Integration and co-existence with 59 Organisation chart 18 happy lives to people the environment Geely’s 2019 Timeline 22 Responsibility focus 45 Responsibility focus 59 Maintaining a strategic determi- 3 Honours and social evaluation 23 Multi-pronged approach to ensure 45 Multi-line approach for and accel- 60 nation and strengthening confi- workers' rights eration of the new energy strategy dence to advance a high-quali- Being people-oriented and caring for 47 upgrade ty development Responsible management 25 employee’s occupational health and Redefining Geely’s green factories 62 Governance Structure 25 safety Challenging the zero-CO2 emissions 63 Compliance management 26 Finding the formula for talent cultiva- 47 lifecycle Building smart city solutions 5 Corporate Social Responsibility 27 tion and designing intelligent travel Management Sharing and caring to enhance the 49 Let society experience love 65 blueprints employees’ happiness Responsibility focus 65 Integration across disciplines, deep- 66 Making fine cars for everyone 33 Growing with partners 53 ening philanthropic work Good engine makes great work 10 Responsibility focus 33 Responsibility focus 53 Encouraging ingenuity, solidifying 67 while precision at the micron Building a community