Posts Tagged ‘Global Automotive Forum’

Big Interest in Autonomous Vehicles in Asia

Improving transportation networks driving appeal.

by on Nov.04, 2014

Research shows that Asia is a hotbed for interest in autonomous vehicles to help with improve the efficiency of transportation.

Despite safety concerns about the potential for equipment failure, drivers in the developing automotive markets of Asia have high expectations for autonomous vehicles.

“Recent advances in autonomous vehicle technology have helped bring self-driving vehicles to the forefront of public interest,” said Brandon Schoettle of the University of Michigan Transportation Research Institute.

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“Self-driving vehicles are commonly envisioned to be the ultimate, full embodiment of connected-vehicle technology, an area that is currently the focus of several large research projects and government support,” he said. (more…)

Chinese Officials Express Concern over Indigenous Brands

Government pushing companies to develop technologies.

by on Oct.21, 2014

China's indigenous automakers are struggling to keep up with companies like Volkswagen, General Motors and others in its own market.

China is the world’s largest and fastest growing automotive market in the world, but the focus of the biggest Chinese policy makers, pundits and executives now is the well-being or fate of the country’s indigenous brands.

Some companies, such as Geely, are doing fine and governmental agencies, particularly local governments with a stake in the so-called state-owned enterprises, or SOEs, are doing what they can to assist the homegrown, according to information presented during the course of the two-day Global Automotive Forum, which was held last week in Wuhan, China.

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China is clearly willing to use subsidies for energy-efficient vehicles, rationed parking stickers and anti-trust enforcement to help bolster the indigenous brands, which have have steadily lost marketshare during the past 18 months. In addition, a new study by the Boston Consulting Group found the more than 80% of the Chinese consumers who expect to buy a car soon prefer foreign brands. (more…)

Despite Downturn China’s Economy Still Strong

Current growth rate near sweet spot of expansion.

by on Oct.21, 2014

Fan Gang, director, National Economic Research Institute, suggested China's economy will be strong for several years.

Despite the fact that China’s economy isn’t living up to predictions this year, the overall picture for the country is bright even as it faces significant challenges to its growth, one of China’s leading economists posited yesterday at the Global Automotive Forum in Wuhan, China.

Fan Gang, director, National Economic Research Institute, suggested China’s economy will grow at a slightly slower pace, 7.3% rather than the 7.5% rate projected by the central government at the beginning of the year. However, a growth rate of between 7% and 8% is more manageable and more sustainable for what is now the world’s second-largest economy behind the United States’.

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In fact, a hotter rate of growth would be problematic, Fan said. If the economy grew faster than 9%, inflation would become a problem for the country as a whole, while a growth rate of better than 10% could create an “asset bubble” either in real estate or elsewhere in the economy. (more…)

China Plays Critical Role in GM’s Intelligent Vehicle Development

Maker plans to leverage expertise to produce smart cars.

by on Oct.20, 2014

General Motors is planning to further develop its autonomous vehicle technology in China, in particular its ENVI-style vehicles.

General Motors plans to bring its latest technology to China and use its technical resources in there to develop vehicles that can fit into the country’s growing megacities that continue to expand, GM top executive in China said this week.

“China has indeed has been a very rewarding market for GM we’ve benefited from the tremendous growth,” noted Matt Tsien, president of GM China. China plays very big role in GM strategic considerations and China’s voice is a very strong voice within GM, Tsien added during a discussion at the annual Global Automotive Forum in Wuhan, China.

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China became the world’s largest single automotive market in 2009 and the size of country’s car fleet has doubled in the last five years and is expected to double again by 2020. (more…)

Beijing Planning to Convert Taxi Fleet to Electric

Public outcry over poor air quality driving change.

by on Oct.16, 2014

Beijing officials are attempting to convert the city's fleet of 46,000 taxis to EVs, like this BYD e6 cab.

Facing public pressure to reduce some of world’s nastiest urban air pollution, the municipal government in Beijing is moving to turn Chinese capitols taxi fleet green.

The objective is to convert Beijing’s 46,000 taxis into electric vehicles over the next three to four years, according to Zhang Xiyong, vice president of China’s Beijing Automotive Industry Group.

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During a discussion at the Global Automotive Form in Wuhan, Zhang said public pressure through social media prompted Beijing’s municipal government to order the overhaul of the city’s taxi fleet. (more…)

Three Chinese Automakers Expect to be Global Players

Industry official predicts exports to emerging markets.

by on Oct.16, 2014

The Geely Gleagle is one of the products that makes Chinese government officials believe three Chinese automakers will be globally influential.

China’s fast-growing automobile industry should be able to create at three strong globally competitive carmakers in the years to come, according to a Chinese government official this week.

Wang Xia, a senior official with the China Council for the Promotion of International Trade Automotive sub-council, acknowledged during a press conference prior to the opening of the Global Automotive Forum in Wuhan, China, that China’s homegrown auto industry has been rocked over the last several months by a steady loss of marketshare.

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Up until about two years ago, Chinese brands held about 46% of the domestic sales across China. Since then, the Chinese domestic brands have lost about 10 points of marketshare to foreign brands. The big winners have been European brands as well as General Motors and Ford. (more…)

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