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Caixin Global

Articles from Caixin Global

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<ul><li>Chinese suppliers of both auto hardware and software are following their carmaking clients overseas, particularly focusing on Europe and North America, a new report showed.</li><li>The suppliers have several motivations, such as being more responsive to their Chinese clients with assembly plants abroad, reducing shipping costs, avoiding tariffs and localizing their operations, according to industry data compiled by Cyzone research center and a subsidiary of China Automotive Technology and Research Center Co. Ltd.</li><li>The report looked at 70 “outstanding” Chinese auto parts and software suppliers that were expanding overseas as of June.</li></ul>

Chinese suppliers of both auto hardware and software are following their carmaking clients overseas, particularly focusing on Europe and North America, a new report showed.The suppliers have several motivations, such as being more responsive to their Chinese clients with assembly plants abroad, reducing shipping costs, avoiding tariffs and localizing their operations, according to industry data compiled by Cyzone research center and a subsidiary of China Automotive Technology and Research Center Co. Ltd.The report looked at 70 “outstanding” Chinese auto parts and software suppliers that were expanding overseas as of June.

Most of China’s Top Auto Suppliers Are Expanding Into Europe, Report Shows 

<ul><li>China has slammed the European Commission for requiring Chinese electric-vehicle (EV) and battery makers to provide additional information for its anti-subsidy probe as beyond what is required, saying that its requirements “undermine fair competition” and “disregard” World Trade Organization (WTO) rules.</li><li>“The types, scope and amount of information that the European Commission has asked from Chinese companies are unprecedented, far exceeding the needs of the anti-subsidy investigation,” said He Yadong, a spokesperson for the Ministry of Commerce (MOC), at a Thursday media briefing.</li><li>The information requested included detailed battery components and formulation, as well as the production costs of EVs, purchase information for all EV parts and raw materials, sales channels and pricing methods, and information on customers in Europe, He said.</li></ul>

China has slammed the European Commission for requiring Chinese electric-vehicle (EV) and battery makers to provide additional information for its anti-subsidy probe as beyond what is required, saying that its requirements “undermine fair competition” and “disregard” World Trade Organization (WTO) rules.“The types, scope and amount of information that the European Commission has asked from Chinese companies are unprecedented, far exceeding the needs of the anti-subsidy investigation,” said He Yadong, a spokesperson for the Ministry of Commerce (MOC), at a Thursday media briefing.The information requested included detailed battery components and formulation, as well as the production costs of EVs, purchase information for all EV parts and raw materials, sales channels and pricing methods, and information on customers in Europe, He said.

China Slams EU’s EV Anti-Subsidy Probe as ‘Disregarding’ WTO Rules 

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>China’s passenger-vehicle (PV) retail sales volume fell 1% YoY in first four months of 2023, 2% higher than our forecast made in Dec 2022.</li><li>Wholesale volume also rose 7% YoY YTD, 3% higher than our prior forecast, largely due to doubled PV exports in the first four months of 2023.</li><li>Automakers in China started to cut inventories in Apr 2023, as we had expected.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

China’s passenger-vehicle (PV) retail sales volume fell 1% YoY in first four months of 2023, 2% higher than our forecast made in Dec 2022.Wholesale volume also rose 7% YoY YTD, 3% higher than our prior forecast, largely due to doubled PV exports in the first four months of 2023.Automakers in China started to cut inventories in Apr 2023, as we had expected.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China Auto Sector – Mixed picture ahead as inventory risk lingers

<ul><li>A number of China’s conventional carmakers have launched or announced new hybrid models in an attempt to capitalize on the growing popularity of the cars as range anxiety persists among customers curious about going electric.</li><li>State-owned automaker Dongfeng Motor Group Co. Ltd. on Saturday unveiled the Aeolus L7 SUV, which it touted as the first model built with its novel hybrid car technology that allows the vehicle to operate as either a plug-in hybrid or an extended-range hybrid.</li><li>Plug-in hybrids use batteries to power an electric motor and fossil fuels to power an internal combustion engine. While on the road, they can use fuel, battery power or a mix of the two to run.</li></ul>

A number of China’s conventional carmakers have launched or announced new hybrid models in an attempt to capitalize on the growing popularity of the cars as range anxiety persists among customers curious about going electric.State-owned automaker Dongfeng Motor Group Co. Ltd. on Saturday unveiled the Aeolus L7 SUV, which it touted as the first model built with its novel hybrid car technology that allows the vehicle to operate as either a plug-in hybrid or an extended-range hybrid.Plug-in hybrids use batteries to power an electric motor and fossil fuels to power an internal combustion engine. While on the road, they can use fuel, battery power or a mix of the two to run.

China’s Conventional Carmakers Try to Cash In on Hybrids’ Growing Popularity 

Cross Asset Strategy

<ul><li>PE /In Depth: Caught between Beijing and Washington, PE majors split China-U.S. teams</li><li>China-India /: China, India militaries to ‘turn the page’ on border issues</li><li>HSBC /: HSBC takes $3 billion charge on BoCom holdings</li></ul>

PE /In Depth: Caught between Beijing and Washington, PE majors split China-U.S. teamsChina-India /: China, India militaries to ‘turn the page’ on border issuesHSBC /: HSBC takes $3 billion charge on BoCom holdings

CX Daily: Caught Between Beijing and Washington, PE Majors Split China-U.S. Teams 

Hong Kong

Geely Automobile Holdings Limited operates as a passenger vehicles manufacturing company. The Company provides passenger vehicles development, manufacturing, sales, and other services. Geely Automobile Holdings also exports passenger vehicles.

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Geely Auto (175 HK)

Most of China’s Top Auto Suppliers Are Expanding Into Europe, Report Shows

Chinese suppliers of both auto hardware and software are following their carmaking clients overseas, particularly focusing on Europe and North...

Caixin Global

China Slams EU’s EV Anti-Subsidy Probe as ‘Disregarding’ WTO Rules

China has slammed the European Commission for requiring Chinese electric-vehicle (EV) and battery makers to provide additional information for its...

Caixin Global

China Auto Sector – Mixed picture ahead as inventory risk lingers

China’s passenger-vehicle (PV) retail sales volume fell 1% YoY in first four months of 2023, 2% higher than our forecast made in Dec 2022.

CMB International

China’s Conventional Carmakers Try to Cash In on Hybrids’ Growing Popularity

A number of China’s conventional carmakers have launched or announced new hybrid models in an attempt to capitalize on the growing popularity of...

Caixin Global

CX Daily: Caught Between Beijing and Washington, PE Majors Split China-U.S. Teams

PE / In Depth: Caught between Beijing and Washington, PE majors split China-U. S. teams China’s private equity market has faced heightened...

Caixin Global

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