In the last 2 years carThe largest share in the market shifted to China. In fact, China did not have any prominent car brands in the world. However, this was not the case with the widespread use of electric cars. Many Chinese brands, especially BYD, electric carWhen it went into production, other car giants literally hit the ground running.
Japanese car giants, which have a very strong position especially in the Asian market, have hit the bottom in China. With Chinese car manufacturers taking over the local market Toyota, NissanAnd Hondabegan to suffer great losses.
Japanese car manufacturers electric carcould not achieve the desired performance in its production.
Japanese car giants hit by electric cars
Chinese brands also sold at lower-than-expected prices, putting Japanese car giants in a difficult situation.
ToyotaIn the last 7 months, it has fallen by 13 percent, Honda by 44 percent and Nissan by 24 percent. Honda in particular began discussing downsizing in the Chinese market after this decline.
The general expectation is that this decline will continue in the coming period. Because the Chinese domestic market has started to shift rapidly to cheap and luxurious electric cars. Under current conditions Japanese car manufacturersIt does not seem possible to compete with this growth.
