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PRESS RELEASE Agreement Between the Piaggio Group And
PRESS RELEASE Agreement between the Piaggio Group and Foton Motor Group for the development of innovative solutions for the light commercial vehicles market Pontedera, 17 May 2018 – The Chairman and CEO of Piaggio & C. S.p.A. (PIA.MI), Roberto Colaninno, and the Vice President of Foton Motor Group and President of Foton International, Mr. Chang Rui, have signed a final contract for the development and production of a new range of four-wheel light commercial vehicles, as envisaged by the preliminary agreement signed in Beijing in September 2017 (see press release issued on 19 September 2017). The technical annexes will be completed over the next two months. Different types of vehicles are planned to be realized in mini pick-up and mini van models to meet the growing demand for commercial mobility solutions particularly suited to intra-city travel, and equipped with latest-generation eco-friendly engines and state-of-the-art technological features. All the vehicle types will have a payload capacity up to 1.5 tons. The models will be gradually launched in the next few years starting from 2020 through a distribution network oriented to maximum customer satisfaction. The European leader in the two-wheeler sector, in 2017 the Piaggio Group shipped 176,800 commercial vehicles worldwide, confirming its position as a player of significant importance on the market for 3- and 4-wheel light commercial vehicles for the transportation of passengers and goods. Foton Motor Group, the biggest commercial vehicle manufacturer in China with a total turnover of around 51.7 billion CNY (in 2017) and about 40,000 employees around the world, offers a complete range of products with high added technological value. -
Competing in the Global Truck Industry Emerging Markets Spotlight
KPMG INTERNATIONAL Competing in the Global Truck Industry Emerging Markets Spotlight Challenges and future winning strategies September 2011 kpmg.com ii | Competing in the Global Truck Industry – Emerging Markets Spotlight Acknowledgements We would like to express our special thanks to the Institut für Automobilwirtschaft (Institute for Automotive Research) under the lead of Prof. Dr. Willi Diez for its longstanding cooperation and valuable contribution to this study. Prof. Dr. Willi Diez Director Institut für Automobilwirtschaft (IfA) [Institute for Automotive Research] [email protected] www.ifa-info.de We would also like to thank deeply the following senior executives who participated in in-depth interviews to provide further insight: (Listed alphabetically by organization name) Shen Yang Senior Director of Strategy and Development Beiqi Foton Motor Co., Ltd. (China) Andreas Renschler Member of the Board and Head of Daimler Trucks Division Daimler AG (Germany) Ashot Aroutunyan Director of Marketing and Advertising KAMAZ OAO (Russia) Prof. Dr.-Ing. Heinz Junker Chairman of the Management Board MAHLE Group (Germany) Dee Kapur President of the Truck Group Navistar International Corporation (USA) Jack Allen President of the North American Truck Group Navistar International Corporation (USA) George Kapitelli Vice President SAIC GM Wuling Automobile Co., Ltd. (SGMW) (China) Ravi Pisharody President (Commercial Vehicle Business Unit) Tata Motors Ltd. (India) © 2011 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved. Competing in the Global Truck Industry – Emerging Markets Spotlight | iii Editorial Commercial vehicle sales are spurred by far exceeded the most optimistic on by economic growth going in hand expectations – how can we foresee the with the rising demand for the transport potentials and importance of issues of goods. -
Groupe Renault Sets Its New Strategy for China
PRESS RELEASE Groupe Renault sets its new Strategy for China • Groupe Renault will focus in China on light commercial vehicles (LCV) and electric vehicles (EV). • Groupe Renault will transfer its shares in Dongfeng Renault Automotive Company Ltd (DRAC) to Dongfeng Motor Corporation. DRAC will stop its Renault brand-related activities. • LCV business is operated through Renault Brilliance Jinbei Automotive Co., Ltd. (RBJAC), leveraging Jinbei legacy with Renault know-how. • EV business will be developed through the two existing joint ventures: eGT New Energy Automotive Co., Ltd (eGT) and Jiangxi Jiangling Group Electric Vehicle Co. Ltd (JMEV). Boulogne-Billancourt, April 14th, 2020 - Groupe Renault unveiled today its new strategy for the Chinese Market, building on two of its key pillars: Electric Vehicles (EV) and Light Commercial Vehicles (LCV). Within this new strategy, Groupe Renault activities in China will be driven as follow: About Chinese ICE Passenger Car Market Regarding ICE passenger car, Groupe Renault has entered into a preliminary agreement with Dongfeng Motor Corporation under which Renault transfers its shares to Dongfeng. DRAC will stop its Renault brand-related activities. Renault will continue to provide high quality aftersales service for its 300,000 customers through Renault dealers but also through Alliance synergies. Further development for Renault brand passenger cars will be detailed later within future new mid-term-plan Renault. Furthermore, Renault and Dongfeng will continue to cooperate with Nissan on new generation engines like components supply to DRAC and diesel license to Dongfeng Automobile Co., Ltd. Renault and Dongfeng will also engage in innovative cooperation in the field of intelligent connected vehicles. -
The International Journal of Business & Management
The International Journal Of Business & Management (ISSN 2321 – 8916) www.theijbm.com THE INTERNATIONAL JOURNAL OF BUSINESS & MANAGEMENT Why a Middle Income Country is Experiencing a Booming Auto Industrial Development: Evidence from China and its Meaning for the Developing World Bindzi Zogo Emmanuel Cedrick Ph.D Candidate, School of Economics Wuhan University of Technology, P.R. China, Hubei Province, Wuhan City, China Pr. Wei Long Professor, Wuhan University of Technology, P.R. China, Hubei Province, Wuhan City, China Abtract: From almost nothing in 1970 to the World largest manufacturer and automobile market in 2013, China has essentially focused its rapid economic progress on industrial development. This paper discusses the meaning of middle income to the developing world. It then determines the factors contributing to the growth of China auto industry. It also argues on how the fast growing of a middle income country’s auto industry could impact other developing economies. It therefore concludes that although the economic model established by China to develop its auto industry traces its basis in the diamond model’s determinants, the application of these determinants has followed a different approach backed up by a pentagram model which places the government as the primary actor in the fast transformation of China auto industry. Keywords: Middle income, growing auto industry, pentagram model, government role 1. Introduction During the last decades, the world has witnessed a faster economic development of Middle income countries. China, Brazil, India, Mexico, South Africa and more others have relatively ameliorate their industrial capabilities with positive spillovers to the rest of the world. -
Pwc China Automobile Industry M&A Review and Outlook
Epidemic Prevention and Response to COVID-19 in the Automobile Industry Series Issue 2 — PwC China Automobile industry M&A Review and Outlook The epidemic has prompted many practitioners and managers in the industry to re-examine and plan for the medium-and long-term development of auto industry, accelerating industry transformation and upgrade. PwC auto team emphasizes on the following aspect of tax & legal, M&A and telematics system to analyze the related solutions. In this article, we mainly focus on the M&A aspect, hoping to give some inspirational idea to the practitioners in the industry. China’s automobile industry has developed rapidly in the opportunities. Moreover, an increasing number of companies past decade. Benefiting from “bringing in” and “going out” with advanced technology and capital will continue entering policy, both domestic and foreign OEMs have successfully into the market which fuels more M&A activities in the realized high growth through a series of mergers and automobile industry. acquisitions (M&A). Since 2018, the development of China In this article, we will analyze the automobile industry from automobile market has been slowing down, and the “CASE” four aspects: review of China’s auto industry M&A deals, trend has been having impact on OEMs. As new businesses main deal drivers and changes of auto industry, the future models are emerging, it has also led to blurring of M&A trend, and key initiatives in response to market boundaries between industries. Auto companies have been changes. actively using M&A deals to transform the automobile industry. At the beginning of 2020, the coronavirus outbreak severely impacted the supply chain of automobile industry, thus resulted in demands for business restructuring and transformation. -
ISSUE 84 / 2020 Freetorial He Great Thing About Being Free Car Mag Is That We Are Just MG India Brand Ambassador That, Free
Get the Look Should you buy... Communist Chinese Cars? & from companies that work within the People's Republic? We try on some ultra cool T-Shirts with a distinctly Swedish theme which might be turbocharged... freecarmag.co.uk 1 ISSUE 84 / 2020 freetorial He great tHing about being Free Car Mag is tHat we are just MG India brand ambassador that, free. Free to write about what we please. Difcult things. T I was ratHer interested in wHat car manufacturers tHougHt Benedict Cumberbatch about operating in CHina. Sadly, in just about every instance, tHey Had notHing to sHare witH us, wHicH was a sHame. RigHt now cooperating witH a Communist political system would not seem to be tHe most etHical tHing to do. Indeed, unravelling tHemsleves from a globalised system tHat Has caused plenty of supply cHain issues recently would be tHe smart, business tHing to do. For tHe rest of us Bangernomics Mag (www.bangernomics.com) offers a positive way forward. Instead, car manufacturers prefer to stay away from tHe really important issues. THey could of course cHoose to be free. 4 News Events Celebs MeanwHile...say Hello to SHazHad SHeikH wHo Has been writing 8 China Crises about and driving all tHe exciting cars for decades as #browncarguy. See you next time. 10 Made in China 16 Mercedes World 18 Back Seat Driver 19 Future Proof Vauxhall Mokka 22 Saab Tees 23 Wanted Mr Jones Watch 24 Buy Now KIa, SEAT , Skoda 26 Alliance of British Drivers 28 The #Brown Car Guy Column 30 Next Time - BMW Isetta? James Ruppert The Brit Issue EDITOR [email protected] Cover Credits l Fiat • MG Motors India • Saab Tees THE TEAM Editor James Ruppert Publisher Dee Ruppert Backing MAG Sub Editor Marion King Product Tester Livy Ruppert Britain Photographer Andrew Elphick Our 5 point plan Web Design Chris Allen Columnist Shahzad Sheikh ©2020 Free Car Mag Limited is available worldwide Reporter Kiran Parmar witHout any restrictions. -
Autoconf18 Report EN.Pdf
8th Edition CPRJ Plastics in Automotive Conference & Showcase and 2018 Annual Conference of Society of Automotive Engineers of Chongqing 8-9.11.2018 | Venue: Radisson Blu Hotel Chongqing Shapingba Adsale Publishing Ltd. ( Adsale Group) Society of Automotive Engineers of Chongqing China Plastics & Rubber Journal CHINAPLAS Society Plastics Engineers (SPE) SpecialChem.com Guangzhou International Electric Vehicles Show 2018 Guangzhou International Auto Parts & Accessories Exhibition China Central and Western Regions Plastics Industry Alliance More Details：AdsaleCPRJ.com/AutoConference 1 / 20 8th Edition CPRJ Plastics in Automotive Conference & Showcase and 2018 Annual Conference of Society of Automotive Engineers of Chongqing Salute to the Following Sponsors 2 / 20 8th Edition CPRJ Plastics in Automotive Conference & Showcase and 2018 Annual Conference of Society of Automotive Engineers of Chongqing Conference Programme Morning Session 08:00-12:15 08:00 Audience Reception 08:40 Welcome Remarks Adsale Group, Adsale Publishing Ltd. General Manager, Janet Tong The Moderator: Society of Automotive Engineers of Chongqing, Vice President, Jianping Lou Prof. Yansong He 08:50 Yanfeng Plastic Omnium Automotive Exterior Systems Co., Ltd. - Wei Wang, Head of Smart Manufacturing The development of unmanned manufacturing for automotive exterior design 09:20 HuaChen Automotive Engineering Research Institute - Zhi li, Chief Engineer of Automotive Engineering Research Institute &Leader of Non-metal Material The applications and development roadmap of non-metal materials for light weighting of Brilliance Auto Group. 09:50 Jinyoung (Xiamen) Advanced Materials Technology Co., Ltd. - Steven Gao, Director of Vehicle Material, Jinyoung Advanced Materials Leading Solutions on New Energy Vehicle Application 10:10 Ningbo Shuangma Machinery Industry Co., Ltd. - Yupeng Liu, CTO Research and application of fiber reinforced thermoplastic composites molding technology 10:30 Coffee Break / Networking / Exhibition Visiting 11:00 Changan Ford Automobile Co., Ltd. -
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. -
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. -
Annual Report
ai158746681363_GAC AR2019 Cover_man 29.8mm.pdf 1 21/4/2020 下午7:00 Important Notice 1. The Board, supervisory committee and the directors, supervisors and senior management of the Company warrant the authenticity, accuracy and completeness of the information contained in the annual report and there are no misrepresentations, misleading statements contained in or material omissions from the annual report for which they shall assume joint and several responsibilities. 2. All directors of the Company have attended meeting of the Board. 3. PricewaterhouseCoopers issued an unqualified auditors’ report for the Company. 4. Zeng Qinghong, the person in charge of the Company, Feng Xingya, the general manager, Wang Dan, the person in charge of accounting function and Zheng Chao, the manager of the accounting department (Accounting Chief), represent that they warrant the truthfulness and completeness of the financial statements contained in this annual report. 5. The proposal for profit distribution or conversion of capital reserve into shares for the reporting period as considered by the Board The Board proposed payment of final cash dividend of RMB1.5 per 10 shares (tax inclusive). Together with the cash dividend of RMB0.5 per 10 shares (including tax) paid during the interim period, the ratio of total cash dividend payment for the year to net profit attributable to the shareholders’ equity of listed company for the year would be approximately 30.95%. 6. Risks relating to forward-looking statements The forward-looking statements contained in this annual report regarding the Company’s future plans and development strategies do not constitute any substantive commitment to investors and investors are reminded of investment risks. -
China Weigao Reducer Success Case (Large Enterprise Version) Serial Company Name Serial Company Name
China Weigao reducer success case (large enterprise version) serial Company Name serial Company Name 1 Shanghai Automobile Group Co., Ltd. 231 Chongqing Textile Holding (Group) Company 2 Dongfeng Motor Corporation 232 Aoyang Group Co., Ltd. 3 Huawei Investment Holdings Co., Ltd. 233 Guangxi Shenglong Metallurgy Co., Ltd. 4 China Ordnance Equipment Group Corporation 234 Lingyuan Iron and Steel Group Co., Ltd. 5 China Minmetals Corporation 235 Futong Group Co., Ltd. 6 China FAW Group Corporation 236 Yongfeng Group Co., Ltd. 7 China Ordnance Industry Corporation 237 Shandong Taishan Iron and Steel Group Co., Ltd. 8 Beijing Automobile Group Co., Ltd. 238 Xinjiang Zhongtai (Group) Co., Ltd. 9 Shandong Weiqiao Venture Group Co., Ltd. 239 Guangdong Haida Group Co., Ltd. 10 China Aviation Industry Corporation 240 Jiangsu Yangzijiang Shipbuilding Group Corporation 11 Zhengwei International Group Co., Ltd. 241 Shenzhen Oufeiguang Technology Co., Ltd. 12 China Baowu Iron and Steel Group Co., Ltd. 242 Dongchen Holding Group Co., Ltd. 13 Lenovo Holdings Co., Ltd. 243 Xinjiang Goldwind Technology Co., Ltd. 14 China National Chemical Corporation 244 Wanji Holding Group Co., Ltd. 15 Hegang Group Co., Ltd. 245 Tsingtao Brewery Co., Ltd. 16 China Shipbuilding Industry Corporation 246 Tasly Holding Group Co., Ltd. 17 Guangzhou Automobile Industry Group Co., Ltd. 247 Wanfeng Auto Holding Group Co., Ltd. 18 Aluminum Corporation of China 248 Wuhan Institute of Posts and Telecommunications 19 China National Building Material Group Co., Ltd. 249 Red Lion Holdings Group Co., Ltd. 20 Hengli Group Co., Ltd. 250 Xinjiang Tianye (Group) Co., Ltd. 21 CRRC Corporation Limited 251 Juhua Group Company 22 Xinxing Jihua Group Co., Ltd. -
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