Sustainability Report of Nissan's Subsidiaries in China
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Automotive Industry Weekly Digest
Automotive Industry Weekly Digest 25-29 January 2021 IHS Markit Automotive Industry Weekly Digest - Jan 2021 WeChat Auto VIP Contents [OEM Highlights] Great Wall to reshape brand image with new models 3 [OEM Highlights] VW begins sales of ID.4 CROZZ in China 4 [Sales Highlights] Chinese new vehicle sales contract 2% during 2020; demand rebound expected in 2021 6 [Sales Highlights] VW Group reports sales decline of 9.1% in China during 2020 8 [Technology and Mobility Highlights] Huawei develops smart roads in Wuxi that communicate with driverless vehicles 10 [Technology and Mobility Highlights] Geely teams up with Tencent to develop smart car technologies 10 [Supplier Trends and Highlights] DENSO collaborate with AEVA to develop next-generation FMCW lidar system 12 [Supplier Trends and Highlights] Freudenberg Sealing Technologies develops new DIAvent valves for safer lithium-ion batteries 12 [GSP] India/Pakistan Sales and Production Commentary -2020.12 14 [VIP ASSET] Stellantis: Scale Creates Opportunity 16 [VIP ASSET] Stellantis expects scale to support strong brand stable, investment into new tech 17 Confidential. ©2021 IHS Markit. All rights reserved. 2 IHS Markit Automotive Industry Weekly Digest - Jan 2021 WeChat Auto VIP [OEM Highlights] Great Wall to reshape brand image with new models IHS Markit perspective Implications Great Wall has delivered satisfactory sales results during 2020 despite the disruption from the coronavirus disease 2019 (COVID-19) pandemic. The automaker's sales rose by 5% to more than 1.11 million vehicles during 2020 on the back of strong demand for its new models, including the Haval H6 and the Pao pickup. The sales volumes of 1.11 million units exceeded the company’s target set for the year, which was 1.02 million units. -
Nissan Armada, NP300 Frontier, TITAN Y Terra Se Enfrentan Al Desierto Del Sahara
Nov 21, 2018 Nissan Armada, NP300 Frontier, TITAN y Terra se enfrentan al desierto del Sahara IMPRIMIR DESCARGAR ER-RACHIDIA, Marruecos – El espíritu "Va a todas partes" de las camionetas y SUV de Nissan se pone a prueba esta semana, ya que Nissan Armada - comercializada en Medio Oriente como Nissan Patrol - Nissan NP300 Frontier - comercializada en esta región como Nissan Patrol - Nissan TITAN y Nissan Terra se enfrentan al escabroso terreno del desierto del Sahara. Partiendo de Er-Rachidia en el este de Marruecos, se han experimentado las capacidades auténticas de estos modelos en medio de las duras condiciones de las montañas Atlas, que se extienden por más de 2,500 kilómetros a través del norte de África. Nissan Armada, NP300 Frontier, TITAN y Terra forman parte de la cada vez más popular línea de vehículos comerciales ligeros de Nissan, que se espera que alcance casi 1 millón de ventas a nivel mundial este año. Basándose en su legado de camiones que se remonta a más de 80 años, las robustas y prácticas camionetas y SUV de Nissan permiten a sus propietarios tener experiencias auténticas al darles la libertad de ir a cualquier parte, ya sea para trabajar o por diversión. En 2006 y 2007, una carretera que atraviesa Er-Rachidia (una ciudad de aproximadamente 90 mil habitantes ubicada en un área escasamente poblada) formó parte del Rally París-Dakar. Etiquetada como la "puerta de entrada al desierto", esta sección de 400 kilómetros de la carrera se caracterizó por tener el mayor número de cambios de terreno de la carrera y fue notoria por sus condiciones adversas. -
GREAT WALL MOTOR COMPANY LIMITED (A Joint Stock Company Incorporated in the People’S Republic of China with Limited Liability) (Stock Code: 2333)
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. 長 城 汽 車 股 份 有 限 公 司 * GREAT WALL MOTOR COMPANY LIMITED (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2333) ANNOUNCEMENT OF AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019 The board of directors (the “Board”) of Great Wall Motor Company Limited (the “Company”) is pleased to announce the audited results of the Company and its subsidiaries for the year ended 31 December 2019. This announcement, containing the full text of the 2019 Annual Report of the Company, is prepared with reference to the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of Annual Results. The Company’s 2019 Annual Report will be available for viewing on the websites of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk and of the Company at www.gwm.com.cn. Printed version of the Company’s 2019 Annual Report will also be delivered to the Company’s shareholders. By order of the Board Great Wall Motor Company Limited Xu Hui Company Secretary IMPORTANT NOTICE I. The Board, the Supervisory Committee and the directors, supervisors and senior management of the Company warrant that the contents of this annual report are true, accurate and complete and do not contain any false representations, misleading statements or material omissions, and jointly and severally take legal liability for its contents. -
Government Sets Aside $302M for Incentives
www.autofile.co.nz JUNE 2021 THE TRUSTED VOICE OF THE AUTO INDUSTRY FOR MORE THAN 30 YEARS Government sets aside $302m for incentives Number of low-emissions cars in short timeframe ‘simply does not exist’, says industry association Ports of feebate scheme appears “This initiative will build Auckland to be on course to demand for buyers of zero and boss quits be revived by the low-emission vehicles,” states Agovernment in a bid to make the Wellbeing Budget 2021. “The electric vehicles (EVs) cheaper and funding will enable Waka Kotahi to p 14 internal combustion engine (ICE) implement the system and is being cars more expensive. held as a tagged contingency while On top of this, the Ministry of design work is completed.” Vision for p 16 Transport (MoT) has released a Once details of the scheme are greener discussion document that outlines finalised, legislation will have to be future potential policies, such as banning tabled and go through parliament. imports of petrol and diesel cars by James Shaw, Minister of 2035 and the use of light vehicles Climate Change, says the policy with ICEs in 2050. will have a “broadly similar design” Automotive organisations to the feebate scheme with more p 22 broadly support the idea of feebates, information on its structure due to Electric dreams at but the Imported Motor Vehicle be released over coming weeks. Auto Shanghai Industry Association (VIA) says plans His office has labelled the $302m to cut transport emissions overall will fund as the clean-car discount fail because of a lack of availability of The government has unveiled major funding – the official name for feebates and a green paper to boost the uptake of suitable models. -
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. -
The Future of Automotive Sales in China | Accenture
The future of automotive sales in China Contents Summary 3 Our approach 4 1. China’s automotive market and where it is headed 6 1.1 The Chinese automotive market in numbers 7 1.2 The automotive (r)evolution: A market that never stands still 8 2. Pressing issues and emerging opportunities 12 2.1 The shifting demands of Chinese consumers 13 2.2 The changing role of automotive dealerships in China 16 3. The road ahead towards future automotive sales in China 22 3.1 The challenges and opportunities of shifting to direct sales 23 3.2 A financial evaluation of the direct sales model 26 3.3 A transformation roadmap for the future of automotive sales 32 4. Conclusion 34 Summary • With only a minor decline in total sales and strong growth in the premium segment, the Chinese automotive market has shown an astonishingly fast recovery after the initial outbreak of COVID-19. More than 25 million vehicles sold in 2020 make China by far the largest, fastest growing and most profitable market in the world • For many Original Equipment Manufacturers (OEMs), China accounts for up to 50% of their global sales. But with 400+ players, competition is fierce, and China’s consumers are tech-savvy and demanding • To stand out, OEMs and dealers must envision a radically new way of selling cars that satisfies consumer demand for transparency, convenience and seamless experience • For established players, change will not come easily—strong dealer associations oppose radical transformation, and the widely diverse Chinese market requires a carefully calibrated approach • The only way for OEMs to continue to thrive in China is to take a bold step and smartly invest in direct customer interaction, meaning they must turn from being a wholesaler to acting as a retailer The Chinese automotive market has been essential for Drawing from industry insights and our Accenture the business of OEMs for more than a decade—and project experience, we seek to provide answers to will be even more indispensable in the post-COVID era. -
Global Hybrid & EV Bulletin
Global Hybrid & EV Bulletin Subscribe April 2021 here © 2021 LMC© 2021 Automotive LMC Automotive Limited, All Limited, Rights AllReserved. Rights Reserved. Hybrid & EV Bulletin, April 2021 Introduction LMC Automotive has been tracking and forecasting global sales of electrified vehicles (xEV) for more than ten years through its established Global Hybrid & Electric Vehicle Forecast. This service is published quarterly and provides forecasts extending 12 years into the future. More recently, in response to customer requests, we have added the Battery and eMotor Module. However, as the world embarks on what appears to be a steep acceleration in the demand for electrified vehicles, leading to their domination at a not-too-distant time, the need for a more frequent snapshot of the global situation has become increasingly evident. That is the purpose of the new Global Hybrid & EV Bulletin. This monthly publication contains comprehensive market and technology level sales data for electrified vehicles plus important sectoral information that has come to light during the month. Actual Data provided Data are timely - each release of the bulletin in the third week of the by JATO Dynamics month contains sales data up to and including the preceding month. and national automotive This is supplemented by concise and insightful commentary on market industry associations developments in electrification as well as information which will help users to interpret what is really happening right now and to direct their thinking in the short term on the xEV sector. For those needing to keep a close eye on how the global xEV market is developing, the Global Hybrid & EV Bulletin is essential reading. -
LIST of PRE-OWNED VEHICLES As of July 6, 2020 AUCTION SALE * BID SUBMISSION DEADLINE on WEDNESDAY, JULY 8, 2020 10:30AM
LIST OF PRE-OWNED VEHICLES As of July 6, 2020 AUCTION SALE * BID SUBMISSION DEADLINE ON WEDNESDAY, JULY 8, 2020 10:30AM BIDDING SCHEDULE: Viewing Schedule: Please check the bottom of the price list for the viewing schedule and warehouse addresses. Deadline of Submission: July 8, 2020 at 10:30am (Wednesday) Opening of Bids: July 8, 2020 at 11:00am (Wednesday) GUIDELINES: 1. Sale shall be on an “as-is, where-is” basis. Inadvertent and excusable errors in the vehicle condition and description shall not be deemed as misrepresentation on the part of the bank. 2. A Php10,000.00 bid deposit per vehicle should be enclosed in the bid form. Bid deposits MUST be in the form of Manager’s Check or personal check, payable to EastWest Bank. Bid without deposit will be considered invalid. Bid deposit of the winning bidder can be applied as partial payment to the awarded vehicle. Bid deposits will be forfeited if sale of the unit awarded has been cancelled. 3. Interested buyers should accomplish attached bid form. 4. Fully accomplished bid forms with valid ID and bid check must be in sealed envelopes and dropped inside the Auction Box at # 2264 Pasong Tamo Extension, Makati City OR via email [email protected] No bids below the minimum bid price shall be accepted. 5. For Cash buyers, winning bidders are given two (2) working days to pay for the motor vehicle. Cash buyers will handle cancellation of mortgage and transfer of ownership. 6. Php600.00 shall be charged from the winning bidders as notarial fee. -
Factsheet: Battery Electric Mobility in China
Factsheet: Battery electric mobility in China Status: October 2020 O Chinese development strategy for electric mobility V Generating around half of global sales of electric vehicles, China is by far the largest electric mobility market in the E world. Alongside worldwide technological leadership, it was the goal of the country’s government to put at least 5 R million so-called NEVs (New Energy Vehicles) on China’s roads by the end of 2020. The Chinese government denes V NEVs to include rstly, purely battery-electric vehicles (BEVs – Battery Electric Vehicles) and plug-in hybrids (PHEVs – Plug-in Hybrid Vehicles), and secondly, fuel cell vehicles or particularly efcient vehicles without electric I drives. This factsheet concentrates on BEVs and PHEVs as well as the associated charging infrastructure1 and E provides an overview of the measures taken so far in the areas of market activation, funding support and stock of W both vehicles and charging columns. Market activation phase for BEVs and PHEVs up to 2020 Deploying massive political and nancial commitment, the Chinese government advanced the rollout of NEVs and charging infrastructure in all market segments over the past ten years in order to achieve long-term climate, energy and industrial policy goals in the transport sector. The 13th ve-year plan, the Technology Roadmap of MIIT (Ministry of Industry and Information Technology) and the NEV development plan provide the policy framework for the market rollout phase. Strategies of the Chinese government for the market rollout of electric -
Alixpartners Automotive Electrification Index Q1 2020 ALIXPARTNERS AUTOMOTIVE ELECTRIFICATION INDEX Alixpartners Automotive Electrification Index
AlixPartners Automotive Electrification Index Q1 2020 ALIXPARTNERS AUTOMOTIVE ELECTRIFICATION INDEX AlixPartners Automotive Electrification Index E-Range in m miles / PHEV share Summary Q1 2020 -9% Global • After a rebound in Q4 ‘19, the Automotive Electrification Index 116 115 crashed by 28% in Q1 ’20 and is even below Q1 ’19 level, however 105 96 90 82 69 -28% 52 the EV market share was stable at 2.7%. 33 • Greater China with a massive e-Range drop in Q1 due to effect from mid 2019 subsidy stop and Covid-19 impact. Greater China’s e-Range Greater China eroded by 50% from 57m miles in Q4 ’19 to 28m miles in Q1 ’20. Also on a -42% twelve months basis Greater China’s e-Range has dropped by 42%. 60 65 57 49 44 27 32 28 • Europe is the only main region with growing e-Range in Q1 ’20 12 -50% showing a quarterly increase of 7%. On a twelve months basis, Europe’s e-Range has outperformed all other regions and increased by Europe 44%. +44% • North America’s e-Range has significantly decreased by 31% from +7% 23 23 25 30 33 10 11 11 16 22m miles in Q4 ‘19 to 15m miles in Q1 ‘20. On a twelve months basis, the e-Range has slightly increased by 5%. North America • The PHEV sales share has come back to 32% due to a stronger decline +5% of BEV sales China and US and its higher share in Europe. 23 25 24 • Tesla’s Model 3 continues to be the best selling EV with ~30% e- 11 14 21 22 15 8 -31% Range contribution. -
Automotive Industry Weekly Digest
Automotive Industry Weekly Digest 17 May – 21 May 2021 IHS Markit Automotive Industry Weekly Digest - May 2021 WeChat Auto VIP Contents [Domestic Sales Highlights] Great Wall reports 13.5% y/y growth in sales during April 3 [Domestic Sales Highlights] Chery Holding reports 91.6% y/y growth in sales during April 3 [OEM Highlights] Arrival partners with Uber to build electric car for ride-hailing services 5 [OEM Highlights] EV startup NIO reveals strategy in Norway 6 [Technology Highlights] Huawei looks to acquire EV unit of domestic automaker 8 [Technology Highlights] Luminar to supply LiDAR sensors to autonomous vehicle startup Pony.ai 8 [GSP] North America Sales and Production Commentary -2021.04 10 [Supplier Trends and Highlights] Green Hills Software partners with MathWorks to develop toolbox for embedded automotive processors 12 [Supplier Trends and Highlights] Arbe Robotics announces availability of 4D imaging radar solution on NVIDIA DRIVE Platform 12 Confidential. ©2021 IHS Markit. All rights reserved. 2 IHS Markit Automotive Industry Weekly Digest - May 2021 WeChat Auto VIP [Domestic Sales Highlights] Great Wall reports 13.5% y/y growth in sales during April Great Wall Motor Co has reported 13.5% year-on-year (y/y) growth in sales to 91,784 units in April, with sales up 86.27% y/y to 430,582 units in the year to date (YTD). In April, the total deliveries of the Haval brand were down by 3.64% y/y to 55,018 units, while sales of the WEY brand decreased 40.9% y/y to 3,590 units. Sales of the automaker's pick-up trucks, including the Wingle and Pao, totalled 20,200 units last month, up 28.4% y/y. -
Catl (300750 Ch) Nio (Nio Us)
Industry Report | July 26, 2021 China EVs (Overweight) Market growth to exceed expectations Yongdai Park [email protected] Analysts who prepared this report are registered as research analysts in Korea but not in any other jurisdiction, including the U.S. PLEASE SEE ANALYST CERTIFICATIONS AND IMPORTANT DISCLOSURES & DISCLAIMERS IN APPENDIX 1 AT THE END OF REPORT. Contents [Summary] 3 I. Auto market reported negative growth for three straight years 4 II. NEVs continue to see explosive demand growth 6 III. NEV sales to increase at 39% CAGR over the next five years 14 IV. Key recommendations 26 Global X China EV and Battery ETF (2845/9845 HK) BYD (002594 CH) CATL (300750 CH) NIO (NIO US) 2| China EVs Mirae Asset Securities Research Summary China’s EV market • We expect China’s electric vehicle (EV) market to expand at a CAGR of 39% over the next five years, growth to exceed with sales volume rising from 1.37mn units in 2020 to 7mn in 2025. expectations • China’s car ownership rate remains relatively low, at 17%. Factoring in the country’s economic/income growth prospects, we forecast sales volume to increase at 2% CAGR over the coming decade. • The market share of EVs is likely to increase steadily in line with the government’s long-term goal of achieving carbon neutrality by 2060 and the milestones laid out in the latest “Technology Roadmap for Energy Saving and New Energy Vehicles (NEVs)”. EV penetration stands at just 10% in China despite surging sales over the past year. • While competition will likely intensify in the EV market, we still see some investment opportunities.