Beijing, Chinese tech giant <keyword id="6357456" type="COMPANY" weightage="20" keywordseo="huawei">Huawei</keyword> is planning to make electric cars under its own brand, and now a new report has claimed that the company has filed a couple of <keyword id="6418358" type="UNKNOWN" weightage="20" keywordseo="Patents">patents</keyword> relating to the same. Specifically, two patents filed by Huawei Technologies Co., Ltd. titled "An <keyword id="10884814" type="UNKNOWN" weightage="20" keywordseo="electric-drive-system">Electric Drive System</keyword>, Powertrain, and <keyword id="381751" type="ORGANIZATION" weightage="20" keywordseo="Electric-vehicle">Electric Vehicle</keyword>". The patents were both filed on October 21, 2020, and have the application numbers CN112436747A and CN112436779A, reports GizmoChina. The patent description published with the model bearing the application number CN112436747A shows that this application provides an electric drive system, a powertrain, and an electric vehicle, which involves the <keyword id="10884813" type="UNKNOWN" weightage="20" keywordseo="technical-field">technical field</keyword> of electronic circuits. The second patent with application number CN112436779A is also for an electric drive system, a powertrain, and an electric vehicle, which involves the field of power electronics technology. Huawei is in talks with state-owned <keyword id="372509" type="COMPANY" weightage="20" keywordseo="Changan-Automobile">Changan Automobile</keyword> and other automakers to use their car plants to make its electric vehicles (EVs). Huawei is also in discussions with Beijing-backed BAIC Group's BluePark New Energy Technology to manufacture its EVs. In addition, another Chinese tech company Xiaomi is also planning to build its own car and is considering it as a strategic decision, but specific details and the path it aims to take are yet to be determined. Back in 2013, Lei Jun had visited the US twice to meet with Tesla CEO Elon Musk and now it seems that its interest on the field has grown. The Indian market has also seen a demand for smart vehicles, and auto companies like Tata, Mahindra and others are offering their electric vehicles. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/check-out-all-the-hiring-opportunities-in-2021-in-india/slidelist/81343839.cms">A whole host of jobs, from government to private to foreign companies in India, are opening up ⁠— here’s a look at some of those</a> <a href="https://www.businessinsider.in/business/startups/news/these-are-the-worlds-top-food-delivery-companies-indias-zomato-and-swiggy-have-a-long-way-to-go-as-compared-to-their-global-counterparts-like-doordash-or-meituan/slidelist/81344728.cms">These are the world’s top food delivery companies – India’s Zomato and Swiggy have a long way to go as compared to their global counterparts like DoorDash or Meituan</a> <a href="https://www.businessinsider.in/stock-market/news/wipro-share-price-has-outperformed-its-peers-in-the-last-one-year-but-analysts-are-still-cautious-about-giving-it-a-buy-rating/articleshow/81345564.cms">Wipro's share price has outperformed its peers in the last year — but analysts are still cautious about giving it a 'buy' rating</a>

Huawei files two patents related to electric vehicles, says new report

Beijing, Chinese tech giant <keyword id="6357456" type="COMPANY" weightage="20" keywordseo="huawei">Huawei</keyword> is planning to make <keyword id="6358835" type="UNKNOWN" weightage="20" keywordseo="Electric-cars">electric cars</keyword> under its own brand, and some models may even be launched before the end of this year. According to GSMArena, Richard Yu, head of Huawei's consumer business group, who was in charge of the company's amazing rise in the smartphone world, is said to shift his focus to EVs, which will target the mass-market segment. Huawei is in talks with state-owned <keyword id="372509" type="COMPANY" weightage="20" keywordseo="Changan-Automobile">Changan Automobile</keyword> and <keyword id="10843815" type="UNKNOWN" weightage="20" keywordseo="other-automakers">other automakers</keyword> to use their car plants to make its electric vehicles (EVs), according to two of the people familiar with the matter. Huawei is also in discussions with Beijing-backed BAIC Group's BluePark New Energy Technology to manufacture its EVs. In addition, another Chinese tech company <keyword id="874458" type="COMPANY" weightage="20" keywordseo="Xiaomi">Xiaomi</keyword> is also planning to build its own car and is considering it as a strategic decision, but specific details and the path it aims to take are yet to be determined. As far as project leadership is concerned, Xiaomi's current CEO, Lei Jun, will be directly heading it. Back in 2013, Lei Jun had visited the US twice to meet with Tesla CEO Elon Musk and now it seems that its interest on the field has grown. The Indian market has also seen a demand for smart vehicles, and auto companies like Tata, Mahindra and others are offering their electric vehicles. SEE ALSO: <a href="https://www.businessinsider.in/india/news/bharat-bandh-over-eight-crore-traders-across-india-shut-shop-in-protest-against-rising-fuel-prices-and-changes-in-gst-rules/articleshow/81223361.cms">Bharat Bandh – over eight crore traders across India shut shop in protest against rising fuel prices and changes in GST rules</a> <a href="https://www.businessinsider.in/finance/banks/news/ignore-low-cibil-score-for-street-vendor-loans-work-on-holidays-and-other-diktats-from-indian-government-to-banks-rushing-to-meet-march-target/articleshow/81223572.cms">EXCLUSIVE: Ignore low CIBIL score for street vendor loans, work on holidays, and other diktats from Indian government to banks rushing to meet March target</a> <a href="https://www.businessinsider.in/india/news/india-now-allows-you-to-avail-a-discount-on-flight-ticket-if-you-are-not-carrying-a-check-in-baggage/articleshow/81225977.cms">India now allows you to avail a discount on flight ticket if you are not carrying a check-in baggage</a>

Huawei aims to make electric cars later this year

<ul><li>Xiaomi, the Chinese smartphone maker, announced its plans to enter the electric vehicle (EV) business with an investment outlay of $10 billion. </li><li>While finer details of Xiaomi’s EV plans are not known yet, reports suggest that it could partner with China’s Great Wall Motor Company. </li><li>Xiaomi CEO Lei Jun will also serve as the CEO of the EV subsidiary. </li></ul>After smartphones, laptops and other consumer electronic products, Chinese tech giant Xiaomi has announced its entry into the electric vehicle business. The smartphone maker announced that it will set up a wholly-owned subsidiary with an initial investment of RMB 10 billion (approx. $1.5 billion). Over the course of the next 10 years, Xiaomi projects its investment to reach $10 billion. Xiaomi’s chief executive Lei Jun will head the electric vehicle (EV) business, the company noted in its exchange filing. During the announcement, Jun also said that this will be his ‘final major entrepreneurial project’. A <a href="https://www.reuters.com/article/us-xiaomi-electric-great-wall-motor-excl/exclusive-chinese-smartphone-maker-xiaomi-to-make-evs-using-great-walls-plant-sources-idUSKBN2BI05P">Reuters</a> report earlier said that Xiaomi is in talks with China’s Great Wall Motor (GWM) Company to manufacture EVs. According to the report, Xiaomi could use one of GWM’s manufacturing plants to make EVs under its own brand. <cmsannotation type="cmsannotation" annotationid="Xiaomi not alone in its EV ambitions" comment="subhead" text="Xiaomi not alone in its EV ambitions">Xiaomi not alone in its EV ambitions</cmsannotation> Xiaomi is not alone in branching out to the electric vehicle business. Chinese search engine giant Baidu is also <a href="https://www.reuters.com/article/us-china-baidu-geely-automobile-idUSKBN29G01V">reportedly</a> planning its entry in the EV business in partnership with domestic car maker Geely Automobile Holdings. Huawei, another Chinese tech giant, is also <a href="https://www.businessinsider.com/huawei-electric-vehicles-car-2021-smartphones-us-sanctions-reuters-2021-2?IR=T">reportedly</a> planning to launch its electric vehicles as soon as later this year. The company is said to be in talks with the government-owned Changan Automobile and other car makers to use their manufacturing facilities. Apple, too, has been reportedly planning to enter the EV business for years now. A <a href="https://www.cnbc.com/2021/02/03/apple-and-hyundai-kia-driving-towards-deal-on-apple-car.html">CNBC</a> report from February states that the Cupertino-based company is in talks with Hyundai-Kia, suggesting that the Apple Car could be closer to reality now. <cmsannotation type="cmsannotation" annotationid="From nowhere to selling millions of phones every year" comment="subhead" text="From nowhere to selling millions of phones every year">From nowhere to selling millions of phones every year</cmsannotation> Xiaomi, co-founded in 2010 by Lei Jun and six others, started from nowhere in 2010 to selling millions of smartphones every year. According to the company’s latest financial results, its global smartphone shipments <a href="https://blog.mi.com/en/2021/03/30/xiaomi-expands-into-electronic-vehicle-sector/">crossed</a> 146 million, helping it land in the top 3 worldwide. Apart from this, Xiaomi also claims that it has nearly 325 million smart connected devices on the company’s Artificial Intelligence of Things platform – a combination of artificial intelligence (AI) and Internet of Things (IoT). Having its own smart ecosystem could help Xiaomi complement its smart mobility plans, allowing its users to seamlessly connect various products across the Xiaomi ecosystem. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/elon-musk-announced-now-you-can-buy-tesla-cars-with-bitcoin/articleshow/81667459.cms">You can now buy a Tesla with Bitcoin, tweets Elon Musk</a> <a href="https://www.businessinsider.in/policy/news/government-mandates-companies-to-disclose-cryptocurrency-holdings-from-april-1/articleshow/81704174.cms">Indian companies will have to disclose cryptocurrency holdings from April 1 – industry insiders welcome decision</a> <a href="https://www.businessinsider.in/india/news/pan-aadhaar-linking-deadline-how-to-link-pan-with-aadhaar-online/articleshow/81753402.cms">Here’s how to link your PAN with Aadhaar online before the deadline</a>

Xiaomi forays into the electric vehicle business with a $10 billion subsidiary

<ul class="summary-list"><li>This is an excerpt from a story delivered exclusively to Business Insider Intelligence <keyword id="34991" type="ORGANIZATION" weightage="100" keywordseo="transportation">Transportation</keyword> &amp; Logistics Briefing subscribers. </li><li>To receive the full story plus other insights each morning, <a href="https://www.businessinsider.com/intelligence/transportation-and-logistics-research-bundle?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=top_text&amp;itm_term=bundle_subscription_text_link-tencent-is-targeting-in-car-experience-2019-8">click here.</a></li></ul>Chinese technology giant Tencent is releasing a voice-activated version of WeChat that's optimized for vehicles, <a href="https://e.businessinsider.com/click/17895642.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" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://e.businessinsider.com/click/17895642.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&amp;source=gmail&amp;ust=1567081811831000&amp;usg=AFQjCNHHF30FD-UHW2Dmhuk_Ej3JLYpJvw">per</a> South China Morning Post. Tencent is joining forces with one of China's top four automobile groups, Changan Automobile, to embed WeChat Car Edition in the steering wheels of new car models hitting the market later this year. <div class="KonaFilter image-container display-table float_right no-rightrail"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/5d669bed2e22af1112050ef3-640/wechat global monthly average users.png" border="0" alt="WeChat Global Monthly Average Users" data-mce-source="Business Insider Intelligence" /></div></div></div>The tailor-made app will enable drivers to use the button on the steering wheel or voice commands to complete many of the most commonly used functions in a driving environment, including checking unread messages, sending messages, making voice calls, and using navigation from Tencent's Maps service.We expect Tencent will continue to expand WeChat Car Edition's footprint by entering more auto partnerships down the road, and given China is the world's <a href="https://e.businessinsider.com/click/17895642.3/aHR0cDovL3d3dy5vaWNhLm5ldC93cC1jb250ZW50L3VwbG9hZHMvdG90YWxfc2FsZXNfMjAxOC5wZGY_dXRtX3NvdXJjZT1UcmlnZ2VybWFpbCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1Qb3N0JTIwQmxhc3QlMjBiaWktY29ubmVjdGl2aXR5LWFuZC10ZWNoOiUyMERUJTJDJTIwRXJpY3Nzb24lMjBtYXJyeSUyMHByaXZhdGUlMjBhbmQlMjBwdWJsaWMlMjBuZXR3b3JrcyUyMGluJTIwbmV3JTIwc29sdXRpb24lMjAlN0MlMjBUZW5jZW50JTIwdGFwcyUyMGNhcnMlMjBmb3IlMjBXZUNoYXQlMjAlN0MlMjBBVCUyNlQlMjBDb21tdW5pY2F0aW9ucyUyMENFTyUyMEpvaG4lMjBEb25vdmFuJTIwcmV0aXJpbmcmdXRtX3Rlcm09QklJJTIwTGlzdCUyMENvbm5lY3Rpdml0eSUyMEFMTA/5d233c18f730436f2414784fBac9c3691" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://e.businessinsider.com/click/17895642.3/aHR0cDovL3d3dy5vaWNhLm5ldC93cC1jb250ZW50L3VwbG9hZHMvdG90YWxfc2FsZXNfMjAxOC5wZGY_dXRtX3NvdXJjZT1UcmlnZ2VybWFpbCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1Qb3N0JTIwQmxhc3QlMjBiaWktY29ubmVjdGl2aXR5LWFuZC10ZWNoOiUyMERUJTJDJTIwRXJpY3Nzb24lMjBtYXJyeSUyMHByaXZhdGUlMjBhbmQlMjBwdWJsaWMlMjBuZXR3b3JrcyUyMGluJTIwbmV3JTIwc29sdXRpb24lMjAlN0MlMjBUZW5jZW50JTIwdGFwcyUyMGNhcnMlMjBmb3IlMjBXZUNoYXQlMjAlN0MlMjBBVCUyNlQlMjBDb21tdW5pY2F0aW9ucyUyMENFTyUyMEpvaG4lMjBEb25vdmFuJTIwcmV0aXJpbmcmdXRtX3Rlcm09QklJJTIwTGlzdCUyMENvbm5lY3Rpdml0eSUyMEFMTA/5d233c18f730436f2414784fBac9c3691&amp;source=gmail&amp;ust=1567081811831000&amp;usg=AFQjCNH9UTeGIIrf_KsqoNBJz3i2tibeCg">largest</a> automobile market, Tencent is pegged to reach a massive addressable audience in the car. Tencent making a move to further entrench itself in the automotive space is part of a growing trend among big tech firms. The <a href="https://e.businessinsider.com/click/17895642.3/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS9wb3N0L3BvcnNjaGUtYWRkcy1hcHBsZS1tdXNpYy1hcHAtaXRzLWV2LXViZXItZnJlaWdodC1hZGRzLWZlYXR1cmUtdG8tYXR0cmFjdC1sYXJnZXItb3BlcmF0b3JzLXN0YXJzaGlwLWdldHMtNDBtLXRvLWV4cGFuZC1hdXRvbm9tb3VzLWRlbGl2ZXJ5LXJvbGxvdXQtMjAxOS04/5d233c18f730436f2414784fB0d9e8d4e" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://e.businessinsider.com/click/17895642.3/aHR0cHM6Ly9pbnRlbGxpZ2VuY2UuYnVzaW5lc3NpbnNpZGVyLmNvbS9wb3N0L3BvcnNjaGUtYWRkcy1hcHBsZS1tdXNpYy1hcHAtaXRzLWV2LXViZXItZnJlaWdodC1hZGRzLWZlYXR1cmUtdG8tYXR0cmFjdC1sYXJnZXItb3BlcmF0b3JzLXN0YXJzaGlwLWdldHMtNDBtLXRvLWV4cGFuZC1hdXRvbm9tb3VzLWRlbGl2ZXJ5LXJvbGxvdXQtMjAxOS04/5d233c18f730436f2414784fB0d9e8d4e&amp;source=gmail&amp;ust=1567081811831000&amp;usg=AFQjCNHIWbMl6Gstbobida4aEyPKAYAEZw">deals</a> we've seen in 2019 include Apple partnering with Porsche to integrate Apple Music into the Taycan; Amazon partnering with BMW and Audi to put its Alexa voice assistant in infotainment consoles; and Polestar launching an electric vehicle (EV) which will run Android Automotive OS provided by Alphabet.For big tech firms, there is a clear benefit to being integrated into the in-car experience - it's where consumers can be found. Consumer time spent in cars has risen: In the US, drivers <a href="https://e.businessinsider.com/click/17895642.3/aHR0cHM6Ly93d3cudGhlY2FyY29ubmVjdGlvbi5jb20vbmV3cy8xMTIyNzgyX3N0dWR5LWFtZXJpY2Fucy1zcGVuZC0xOC1kYXlzLWluLXRoZWlyLWNhci1wZXIteWVhci1mb3JnZS1jbG9zZS1ib25kcy13aXRoLWEtdmVoaWNsZQ/5d233c18f730436f2414784fB3f74b025" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://e.businessinsider.com/click/17895642.3/aHR0cHM6Ly93d3cudGhlY2FyY29ubmVjdGlvbi5jb20vbmV3cy8xMTIyNzgyX3N0dWR5LWFtZXJpY2Fucy1zcGVuZC0xOC1kYXlzLWluLXRoZWlyLWNhci1wZXIteWVhci1mb3JnZS1jbG9zZS1ib25kcy13aXRoLWEtdmVoaWNsZQ/5d233c18f730436f2414784fB3f74b025&amp;source=gmail&amp;ust=1567081811831000&amp;usg=AFQjCNGNQIx3n4LzIhEpUuDhs_04sQA60g">spend</a> 8 hours in cars per week, a 33% increase from 2016. For companies like Google and Tencent, which have ad-based business models that rely on monetizing user attention through "free" services, they can leverage location data to provide users with hyper-personalized ads. For Amazon and other e-commerce companies, a voice assistant in the car enables users to make purchases more seamlessly.However, this relationship isn't one-sided - automakers can also benefit from working with big tech firms. Consumers around the world have become accustomed to being consistently connected, leading them to seek out digital experiences regardless of where they may be.This, in part, has led to the rise of the connected vehicle where consumers can continue consuming media and using their digital services without interference - connected car sales will comprise nearly 65% of all car sales in the US as soon as 2020, and over three-quarters of all US car sales by 2024, according to estimates from IHS Markit <a href="https://e.businessinsider.com/click/17895642.3/aHR0cHM6Ly93d3cud3NqLmNvbS9hcnRpY2xlcy93aGF0LXlvdXItY2FyLWtub3dzLWFib3V0LXlvdS0xNTM0NTY0ODYxP21vZD1ocF9sZWFkX3BvczQ/5d233c18f730436f2414784fBb5563113" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://e.businessinsider.com/click/17895642.3/aHR0cHM6Ly93d3cud3NqLmNvbS9hcnRpY2xlcy93aGF0LXlvdXItY2FyLWtub3dzLWFib3V0LXlvdS0xNTM0NTY0ODYxP21vZD1ocF9sZWFkX3BvczQ/5d233c18f730436f2414784fBb5563113&amp;source=gmail&amp;ust=1567081811831000&amp;usg=AFQjCNF5VLy2BscMZ5CyEEl1lZBiWE8nqA">cited by</a> The Wall Street Journal. By working with big tech firms to integrate their popular products and services automakers can continue to meet the digital needs of potential customers.Interested in getting the full story? Here are three ways to get access: <ol><li>Sign up for the Transportation &amp; Logistics Briefing to get it delivered to your inbox 4x a week. &gt;&gt; <a href="https://www.businessinsider.com/intelligence/newsletter-membership?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=get_started_text&amp;itm_term=bii_briefing_text_link-tencent-is-targeting-in-car-experience-2019-8&amp;vertical=transportation">Get Started</a></li><li>Subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to the Transportation &amp; Logistics Briefing, plus more than 250 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. &gt;&gt; <a href="https://www.businessinsider.com/intelligence/transportation-and-logistics-research-bundle?IR=T&amp;itm_source=businessinsider&amp;itm_medium=content_marketing&amp;itm_campaign=briefing_post&amp;itm_content=learn_more_text&amp;itm_term=bundle_subscription_text_link-tencent-is-targeting-in-car-experience-2019-8">Learn More Now</a></li><li>Current subscribers can read the full briefing <a href="https://intelligence.businessinsider.com/post/tencent-is-latest-tech-giant-to-target-cars-waymo-struggles-with-rider-experiences-fourkites-simplifies-trucking-optimization-2019-8">here.</a></li></ol><a href="https://www.businessinsider.com/intelligence/future-of-retail?IR=T&amp;itm_source=businessinsider&amp;itm_medium=ctgr_bii&amp;itm_term=ctgr_leadgen&amp;itm_content=transportation&amp;itm_campaign=future-of-retail"><img src="https://static.businessinsider.com/image/5d0b8f3e638af2564b267455" alt="Exclusive FREE Slide Deck: Future of Retail: Delivery &amp; Fulfillment by Business Insider Intelligence" border="0" style="width: 100% !important" /></a>

Tencent is releasing a voice-activated version of WeChat optimized for cars

<div class="KonaFilter image-container display-table"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/5bc0b69c93032c6ba9542509-2000/gettyimages-460351014.jpg" border="0" alt="Ford china sinkhole" data-mce-source="VCG/Getty Images" data-mce-caption="A Ford sedan car halts on the verge of a five meters wide and two meters deep hole at Yunlianghe Road on December 12, 2014 in Zhenjiang, Jiangsu Province of China" />VCG/Getty ImagesA Ford sedan car halts on the verge of a five meters wide and two meters deep hole at Yunlianghe Road on December 12, 2014 in Zhenjiang, Jiangsu Province of China</div></div></div><ul class="summary-list"><li>Ford sales in China tanked 43% in September compared to the same month in 2017.</li><li>The drop is due to a confluence of factors, from Ford's makeover of the company to the Chinese economic slowdown.</li><li>The growing trade war between the US and China also likely played a role.</li><li>Ford has been dealing with a series of maladies from President Donald Trump's various tariffs.</li></ul>Ford's sales in China nosedived in September as a slew of factors, ranging from <a href="https://www.businessinsider.com/category/us-china-trade-war">President Donald Trump's trade war</a> to a slowdown in the Chinese economy, slammed the company.According to data released by the company Friday, overall sales in China fell 43% in September compared to the same month last year and are down 30% through the first nine months of 2018 compared to the same time period in 2017.Sales for each of the company's Chinese partnerships fell for the month:<ul><li>Changan Ford Automobile sales were down 55% in September compared to 2017.</li><li>Jiangling Motor Corporation sales declined 15%.</li><li>Imported Ford sales fell 16% for the month and are down 15% year-to-date.</li><li>The only Ford brand to see positive sales growth was Lincoln, with a 1% gain for September and a 4% gain year-to-date.</li></ul>The numbers, while more extreme, lined up with the general collapse in Chinese auto sales during the month. According to the China Association of Automobile Manufacturers, sales in the country <a href="https://www.businessinsider.com/chinas-auto-sales-see-biggest-drop-in-almost-7-years-2018-10">tumbled 11.6% year-over-year</a> in September, the largest drop in seven years.There are a number of reasons for the collapse in sales for Ford and the Chinese auto market in general:<ul><li> China's economy has slowed in recent months, with the International Monetary Fund <a href="http://www.globaltimes.cn/content/1122273.shtml">marking down GDP growth projections</a> for the country and investment in infrastructure and businesses <a href="https://www.wsj.com/articles/chinese-economic-growth-slows-slightly-1531708688?mod=article_inline">also slowing</a>.</li><li>Another problem is the growing trade war <a href="https://www.businessinsider.com/trump-china-trade-war-tariff-chinese-goods-2018-9">between the US and China</a>, which may be partly to blame for the slowdown. In particular, <a href="https://www.businessinsider.com/trump-china-trade-war-list-of-goods-tariffs-2018-9">cars from both countries</a> are now subject to tariffs, making it more expensive to import autos from the US to China and vice versa.</li><li>The increased costs could depress sales, <a href="https://www.cnbc.com/2018/09/26/tariffs-cost-ford-1-billion-in-profit-and-hurt-sales-in-china.html">Ford has warned</a>, and the trade uncertainty contributed to the company's <a href="https://www.reuters.com/article/us-autos-results-ford-motor/ford-cuts-2018-profit-forecast-tariffs-china-sales-hurt-second-quarter-idUSKBN1KF2UT">profit forecast cut in July</a>.</li><li>Additionally, while overall growth slowed in 2017, car sales in China were strong for the year.</li></ul>Add up all of those elements, and you end up with the sales disaster.The collapse in Chinese sales isn't the only trade-war related problem for Ford. CEO Jim Hackett revealed Trump's decision to impose tariffs on steel and aluminum coming into the US would <a href="https://www.businessinsider.com/r-ford-ceo-says-metals-tariffs-cost-company-1-billion-2018-9?r=UK&amp;IR=T">cost the company $1 billion in 2018 and 2019</a>. The company also decided to not import a new SUV from China to the US, <a href="https://www.freep.com/story/money/cars/2018/08/31/citing-trade-war-ford-cancels-plan-import-small-suv-china/1156427002/">citing the trade war</a> as the reason for the decision.The trade war is exacerbating longstanding issues at the automaker, which is already in the midst of a global restructuring. As part of the changeover, the company announced Monday that it will <a href="https://www.nbcnews.com/business/autos/trump-s-tariffs-have-already-cost-ford-1b-now-it-n917756">lay off a significant number</a> of its workforce. Get the latest Ford stock price<a href="http://markets.businessinsider.com/stock/f-Quote"> here.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/nikon-small-world-winning-footage-microscopic-world-around-us-2018-9">Award-winning footage of the microscopic world around us</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/Qww4xoK7-CEZHWCBG.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

Ford's sales in China collapsed 43% in September amid Trump's trade war and an economic slowdown

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="http://static1.businessinsider.com/image/50760c6569bedd725b000000-590-443/china-gm.jpg" border="0" alt="china GM" /><a href="http://www.apimages.com/OneUp.aspx?st=k&amp;kw=china%20general%20motors&amp;showact=results&amp;sort=relevance&amp;intv=None&amp;sh=10&amp;kwstyle=and&amp;adte=1349913567&amp;pagez=60&amp;cfasstyle=AND&amp;rids=d2c13a5c9de5da11af9f0014c2589dfb&amp;dbm=PY2002&amp;page=1&amp;xslt=1&amp;mediatype=Photo">AP Images</a></div></div></div>SHANGHAI (Reuters) - General Motors Co <GM.N> and its China joint venture partner will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world's biggest autos market.</GM.N>
Shanghai General Motors Co Ltd, GM's venture with SAIC Motor Corp &lt;600104.SS&gt;, will recall about 1.46 million Buick and Chevrolet models produced locally due to issues with a bracket that secures the fuel oil pump, the country's quality watchdog said on Friday.
Some of the recalled vehicles include the Chevy Sail which is exported to emerging markets, a Shanghai-basedGM official said.
Separately, the watchdog said Ford Motor Co's <F.N> joint venture with Chongqing Changan Automobile Co Ltd &lt;000625.SZ&gt; will recall close to 81,000 of its Kuga cars over a steering part.</F.N>
U.S. carmakers in China have outpaced growth in the overall market, boosted by their popular product line-ups and partly as Japanese rivals were hit last year by anti-Japan protests following a territorial dispute between Beijing and Tokyo.
GM sold 2.89 million vehicles in China in January-November, up 11.4 percent from a year earlier, while Ford sold 840,975 vehicles, up 51 percent.
Last month, Volkswagen's <VOWG_p.DE> Chinese unit recalled 640,309 vehicles for checks that they were using mineral oil rather than synthetic oil to avoid gearbox-related electronic flaws. That was part of a broader global recall over a range of issues with several models. It also pulled 207,778 Tiguan compact sport-utility vehicles off the road due to a risk of a partial light malfunction.</VOWG_p.DE>
GM makes vehicles in China in partnership with both FAW Group &lt;000800.SZ&gt; and SAIC. Ford has manufacturing and sales ventures in China with Changan Automobile and Jiangling Motors Corp &lt;000550.SZ&gt;.
(Reporting by Kazunori Takada; Additional reporting by Norihiko Shirouzu in BEIJING; Editing by Ian Geoghegan)

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