BEIJING, Jan 10 (News On Japan) –
Japanese automakers reported final 12 months’s new automotive gross sales in China, revealing a year-on-year decline throughout all three main producers. In response, they’re working to restructure operations and strengthen their market methods.
New automotive gross sales in China for 2024 stood at 1.776 million items for Toyota, 852,269 items for Honda, and 696,631 items for Nissan, every posting a drop in comparison with the earlier 12 months.
The Chinese market has witnessed fast progress in gross sales of electrical autos (EVs) and different “new energy vehicles” (NEVs), pushed by authorities initiatives to advertise clear power transportation. Local EV producers, equivalent to BYD, have seen important will increase of their gross sales volumes.
While international automakers, together with these from Japan, proceed to face challenges, Honda launched two new EV-dedicated factories final 12 months and is advancing manufacturing restructuring efforts to strengthen each manufacturing and gross sales.
Meanwhile, in Dandong, Liaoning Province—the place winter temperatures can drop beneath minus 10 levels Celsius—gasoline-powered autos, together with Japanese fashions, stay a typical sight on the roads.
Toyota reported that electric-powered autos accounted for 48.4% of its complete gross sales final 12 months, a 12.3-point improve from the earlier 12 months. However, most of those have been hybrid autos powered by each gasoline and electrical energy.
According to trade insiders, demand varies throughout totally different areas in China. “In areas with inadequate charging infrastructure or where battery performance declines in cold weather, customers prefer gasoline or hybrid vehicles,” they defined.
Japanese automakers are striving to answer the rising demand for brand spanking new power autos whereas addressing various regional wants, aiming for a rebound within the aggressive Chinese market.
Source: ANN