Japan could face a collapse of the auto industry

[nzoomed]

The Japanese economy's heavy reliance on its auto sector and the failure of the companies in that sector to pursue, or even take seriously, the moves of the world's markets, and particularly the Chinese, towards EVs is increasingly looking like a perfect storm.

This presentation which is from the same series as the one I posted earlier in the farming category provides a wider perspective of what is in play over the coming years.

Oh yes I think ive seen that, its quite disruptive.
I guess we all have Elon Musk to thank for spearheading this.
It might not be too late for Japan if they act now, but many companies seem to be in denial over the whole thing and appear to show little interest to innovate.
Nissan actually was in a good position early on with the leaf despite the models drawbacks, and could have introduced more EV models that were better.
Honda is the only other company with an EV model and looks like they are shifting production to China, and even then its essentially a redesigned model from their partner in China.
I think Toyota is redesigning their factorys in Japan, hence why they are in so much debt.