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Bloomberg Television

Classic Japanese Brands are losing out to Chinese automakers #shorts πŸ’™

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Nissan Honda Toyota Suzuki all iconic Japanese car brands that have now fallen victim to the assault of China’s automakers in the last six years with byd dominating its Home Country Japanese brand seated ground to domestic rivals in the world’s largest car market in Southeast Asia with the exception of Toyota Japanese car makers are losing ground Japan’s 50% stronghold in the Singapore car market is history even in countries like Indonesia where almost all the cars sold in 2019 came from Japan Chinese Rivals are putting decades old loyalties to the test in North America the Resurgence of hybrids has benefited Japanese automakers tariffs on Chinese electric cars in Europe and the US has also worked in their favor but the liks of byd are doubling down on setting up local manufacturing to escape the punitive tariffs meanwhile car makers in Japan are investing in solid state batteries in vehicle software and attempting to match the luxury features found in Chinese EVS still lagging behind in fully electric vehicles has cost them dearly in China

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