News Forum - Japanese automakers struggle in China amid rapid shift to electric vehicles

[Thaiger]

The sales crisis for Japan’s automakers in China continues, as industry data reveals a rapid shift towards electric vehicles (EVs), resulting in a steep decline in gasoline-powered vehicle purchases. In the first quarter, total sales of Japanese auto brands in China dropped by 32% year-on-year, more than twice the rate of overall market contraction. While …

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[BigHewer]

Fully understandable. Japan Inc. will continue to pay the price for its ineptitude. 

japan built a miracle on 44 years of 16 hour work days. Now an absolute shambles. 

Culturally-embedded caution and an utter lack of financial education in the emerging demographics will trump sweat and innovation. 

Jaoan will continue to fall behind. #3 now. What rank 2040?