Trade News

On this episode:-U.S. Transportation Secretary Elaine Chao discusses the new “AV 4.0” guidance.-Flir’s Frank Pennisi on the company’s thermal cameras for driver-assistance and autonomous-driving systems.-Highlights from the Showstoppers and Digital Experience! events at CES.

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Chinese automotive glass supplier Fuyao is spending $46 million to expand production and r&d at a plant in Ohio, adding 100 jobs.

The investment includes outlays for r&d as well as purchasing equipment to help produce more aftermarket automotive glass for companies such as Safelite, based in Columbus, Ohio. The company also will acquire an additional 161,000 square feet at the Moraine, Ohio, site, a former General Motors factory near Dayton.

The Fuyao factory was the subject of a 2019 Netflix documentary, American Factory. The film tracks how, in 2014, the plant that GM had closed in 2008 was reopened as a glass factory by Fuyao to supply automakers.

It became the largest investment in Ohio by a Chinese company.

The latest investment will boost employment at the plant to 2,400, the Dayton Business Journal reported.

Volvo Car Corp.’s China sales jumped nearly 19 percent in 2019 as demand for luxury vehicles remained robust despite a protracted market downturn. 

Volvo delivered 154,961 cars and light trucks in China last year, accounting for roughly 22 percent of the brand’s global volume. 

The latest tally was lower than two other global luxury brands -- Cadillac and Lexus. 

Cadillac’s China sales rose 3.9 percent to 213,717 in 2019 while Lexus’ local deliveries surged 25 percent to 200,521, according to GM and Lexus’s China office.

Audi, Mercedes-Benz and BMW remained the largest luxury automotive brands in China last year. 

Audi’s China sales rose 4.2 percent to 688,888, according to Volkswagen Group’s joint venture with China FAW Group Corp. 

Mercedes-Benz and BMW haven’t disclosed China volumes for 2019.

In the first 11 months of 2019, Mercedes sales increased 6.3 percent to 640,933, while aggregate sales of B…

Sales at BYD Co., China’s largest electrified-vehicle maker, slumped for the sixth straight month in December after Beijing slashed subsidies for electric vehicles and plug-in hybrids in June.

BYD’s December deliveries fell 38 percent to 43,179 as weak demand for its electrified products eclipsed increased sales of gasoline vehicles. 

Deliveries of gasoline vehicles jumped 31 percent to 30,080 last month. But sales of EVs and plug-in hybrids plunged 72 percent to 13,099, according to numbers BYD disclosed this week. 

BYD’s vehicle deliveries totaled 461,399 for all of 2019, a decline of 11 percent from a year earlier. 

The company’s 2019 sales of EVs and plug-in hybrids dropped 7.4 percent to 229,506 while deliveries of gasoline vehicles declined 15 percent to 231,893. 

Beijing, fulfilling a pledge to phase out subsidies for electrified vehicles at the end of 2020, cut subsidies for EVs by more than 60 percent and halved…

Avison Young Releases Its Spring 2019 Global Industrial Market Report: Strong demand and tight supply define industrial property sector in markets around the world.