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China is in the process of crippling 10% of Japan's GDP in automotive, just by building EVs and EV components and selling them to other nearby countries where T
by ZeroGravitas 1y ago
China is in the process of crippling 10% of Japan's GDP in automotive, just by building EVs and EV components and selling them to other nearby countries where Toyota (and other Japanese brands) currently dominate and hae vchosen not to compete in this new format. So we don't need Tom Clancy to generate scenarios where this will be bad for Japan.
- decimalenough 1y agoExactly. Look no further than Thailand, long a bastion of both Japanese car manufacturing and Japanese cars locally: https://www.ft.com/content/e33a2cbf-9a7e-4964-8914-c129d2947654 https://www.ft.com/content/e33a2cbf-9a7e-4964-8914-c129d2947... The absolute numbers are still small, but as momentum shifts to EVs, Japan's market share will collapse.
- defcontracter2 1y ago[dead]