قالب وردپرس درنا توس
Home / Business / Japan Auto Makers, overlooking Uncertain Road in the US, looking to China

Japan Auto Makers, overlooking Uncertain Road in the US, looking to China



Tokyo-

Nissan engine
Co.


NSANY -0.90%

said on Monday that it had started producing its first electric car for China, which offered a wave of electric vehicles planned by Japanese manufacturers [19659004] China, the world's largest car sales market, is becoming an important part of Japanese companies' growth plans for gasoline and electric vehicles, while uncertainty in the US is weakening the business through potential Trump government tariffs on imported cars and auto parts.

Nissan said its joint venture factory in southern China began to make a battery-powered version of the Sylphy compact, its best-selling vehicle in the country. (The car is referred to as the "Sentra" in the US.) A lower-priced electric vehicle is expected to follow next year, and by 2022, Nissan plans that about one-third of its sales in China will be battery-powered vehicles.

Nissan and his Japanese competitors

Toyota engine
Corp.


TM 0.47%

and

Honda engine
Co.


HMC -0.82%

will jointly introduce more than a dozen battery-powered vehicles in China over the next few years and also increase the production of conventional gasoline cars

The US is still the main market for Japan's big three, but China closes the gap. Nissan sold 1.59 million cars in the US and 1.52 million in China last year. Toyota sold 1.29 million vehicles in China last year, compared to 2.43 million in the US. At Honda, China accounted for 28% of global sales last year, down 30% for the US

Automakers need to boost production of plug-ins vehicles to keep growing in China. Next year, Beijing will start by saying that a certain percentage of cars made in China are electric.

In June, Nissan said it would add an eighth factory in China that would take over an existing factory owned by Chinese joint venture partners

Dongfeng motor group
Co.

The plant will produce about 120,000 Nissan vehicles per year

The production expansion is part of the ¥ 1 trillion ($ 9 billion) that Nissan and Dongfeng want to spend in China by 2022. According to Nissan spokesman, Toyota intends to increase production capacity by around one million Units have increased.

Toyota plans to build ten electric and plug-in hybrid vehicles in China by 2020. The company has ambitious growth targets in China, there to increase sales 1.4 million this year. To do this, local production needs to be expanded. Toyota can produce about 1.2 million vehicles in China.

A construction bid was released this month on a government website in Tianjin, where Toyota is producing its Corolla sedan and C-HR compact SUV with a local partner, the company said it plans to spend around $ 258 million on the plant to expand the construction of 120,000 electric vehicles and plug-in hybrids.

Toyota's other Chinese partner,

Guangzhou Automobile Group
Co.

"Toyota was planning to spend about $ 390 million to expand an existing rig that produces the Camry and a version of the Corolla.

Honda said in April it would introduce a new electric vehicle brand called Everus for Chinese customers. The first Everus model will be available later this year.

Write to Sean McLain at sean.mclain@wsj.com


Source link