SAIC and GAC contributed 98% of the net profit of 22 listed car companies.
Editor’s note: This article is from “Future Car Daily” (WeChat public ID: auto-time), author: Pan Lei.
Organization: Pan Lei
Headline
Peugeot Citroen responded to “terminating the joint venture with Changan Automobile”: DS will not withdraw from China
Peugeot Citro龙n Group spokesman said on November 4 that the Group and Changan Automobile will terminate their joint venture in China, Changan Peugeot Citroen Automobile Co., Ltd., whose joint venture mainly produces and sells Peugeot Citroen’s high-end DS brand models. However, PSA said it will continue to produce and sell the DS brand in China. The spokesman said: “We would like to thank Changan Automobile for its support in the past 8 years. In addition, we can be sure that the DS brand will continue to exist and develop in China.” (澎湃)
Featured
Tesla Chairman Denholm: The Shanghai plant is completed and production has begun.
Tesla Chairman Denholm said that the Shanghai plant was completed and production of cars has begun. (Bloomberg)
Aichi New Energy was invested by Suzhou Zhengli New Energy Technology Co., Ltd.
Tianshicha data shows that on November 1, the investor of Jiangsu Aiyi New Energy Technology Co., Ltd., the main body of Aichi New Energy, changed and added Suzhou Zhengli New Energy Technology Co., Ltd. According to the official website of Suzhou Zhengli New Energy Technology Co., Ltd., the company was established in December 2016 by Changshu Zhengli Investment Co., Ltd. Investment Holdings and Weilai Automobile Investment. ()
The transformation of BYD triggered the attention of Japanese media
Japanese media said that in the context of the sluggish performance of the auto market, BYD is accelerating the transformation of its business model. The company’s pure electric vehicle business used toRapid growth, but now BYD is planning to unload the signboard of the pure electric vehicle company, and set off the offensive with the determination to restart the stove, in order to get rid of the business model of simply selling “electric vehicles” or some other product, to become good at The battery technology is the core integrated energy integration company. (reference message)
Honda China releases terminal car sales in October 2019
On November 5, Honda Motor Co., Ltd. announced that its terminal sales in China in October reached 147,700 units, a year-on-year increase of 6.5%. Guangqi Honda’s terminal sales in October was 67,792 units, up 1.1% year-on-year; Dongfeng Honda’s terminal sales in October were 79,724 units, up 11.6% year-on-year. (Future Car Daily)
Distributor Inventory Alert Index Super Alert Line
Being through the “Golden September and Silver 10”, the domestic auto market has not yet ushered in a real recovery. According to statistics from the China Automobile Dealers Association, the inventory index for auto dealers in October was 62.4%, up 3.8% from the previous month, above the warning line. According to industry insiders, regardless of whether the terminal sales will pick up in the last two months, dealers will face severe profit pressure. (Beijing Business Daily)
The FCA Group will abandon the mini-car market due to low profits, and no specific time is announced
The Fiat Chrysler Group (FCA) is planning to exit the A00-class (mini-car) market, which is dominant in Europe. In a conference call after the FCA Group announced its third-quarter earnings report, FCA Group CEO Ma Mingkai disclosed the news on the grounds of increased research and development costs and stricter emission limits. Mai Mingkai said that the profit rate of the A00 class car is very low. Abandoning the A00 class car means transferring this part of the market to the A0 class car, but he did not announce the specific time schedule. (Observer Network)
22 vehicle companies in the third quarterThe results are released: SAIC and GAC account for 98% of total profit
As of November 1, 22 auto companies have disclosed the third quarterly report of 2019. Among them, the net profit of 9 automakers has increased year-on-year, and the net profit of 13 automakers has fallen year-on-year. The net profit of the mother is negative, accounting for 36.36%. The total net profit of 22 automakers was 27.637 billion yuan, of which SAIC Group ranked first with 20.793 billion yuan, and Guangzhou Automobile Group ranked 6.335 billion yuan. The sum of the two was 27.128 billion yuan, accounting for 22 car companies. 98.03% of the sum of profits. (China Business News)
The pressure on automakers is high, and each component company finds its way out
The winter of the automobile market is still continuing, and the pressure on the whole vehicle enterprise is partly passed on to the parts and components enterprises in the industrial chain. In the future, with the acceleration of the auto industry’s own transformation, the shift from the era of massaging to the era of consolidation will inevitably lead to the elimination of some low-end and mid-range parts and components enterprises. According to the data of the Geshi Automobile Research Institute, there are currently about 100,000 auto parts and related industrial chain enterprises in China, of which only 13,000 enterprises with sales income of more than 20 million yuan are small, zero and scattered “guerrillas”. Enterprises still occupy more than half of the parts and components industry. (First Finance)
The decline in production of eight Japanese car companies for the first time in eight years
According to overseas media reports, the total output of eight Japanese passenger car companies in the first half of FY2019 (April-September) was affected by the decline in overseas production, a decrease of 2.3% from the same period of the previous year, which was approximately 13.81 million units. . This is the first time since the occurrence of the Great Northeast Earthquake in 2011 that the total output has been lower than the same period of the previous year. (Phoenix Cars)
The used car export process is simplified, and a “small outbreak” will be ushered in within three or five years
The domestic used car export business is once again welcoming. Recently, the Ministry of Commerce, the Ministry of Public Security and the General Office of the General Administration of Customs signed the Notice on Accelerating the Relevant Matters Concerning the Export of Used Cars. The document further simplifies the work flow and enhances the convenience of the export of used cars. Specifically, the document simplifies the transfer registration procedures for exporting used cars. The used car export license is changed from “one car and one license” to “one batch of one license”. In addition, the document also clarifies that the used car export is applicable to the national customs clearance integration mode. Enterprises can choose their own export newspaperCustoms and exit ports. (21st Century Business Herald)
New Products
Lianke 01 oil and electricity hybrid version will be launched at this year’s Guangzhou Auto Show
The third model of the Lectra 01 series, the Lectra 01 Hybrid Power (HEV), will debut at the Guangzhou Auto Show on November 22. The new car is powered by a 1.5T hybrid system with a combined fuel consumption of 4.8L per 100km. (Online Car Market)
Guangzhou Toyota introduced hydrogen fuel cell vehicle at the end of the year
Recently, Zeng Qinghong, Chairman of GAC Group, said at the investigation site of GAC Toyota’s expansion project: “Guangzhou Toyota will introduce Toyota’s most advanced hydrogen energy vehicle demonstration operation by the end of this year. Nansha will build China’s first 70 MPa hydrogenation. Station, Guangzhou Automobile Group will also cooperate fully with Toyota in hydrogen energy.” This means that Toyota Mirai is expected to be introduced to the Chinese market by GAC Toyota at the end of this year. (Trains)
