Korean Media: China's Electric Vehicle Rise Leads to Decline in Japan's Global Car Sales Last Year!
On June 14, South Korean media outlet JoongAng Ilbo published an article stating that last year, due to factors including the rapid rise of Chinese electric vehicles and Trump's tariff policies, Japan's global car sales saw a slight decline compared to the previous year.
Data shows that Japan's total global car sales last year amounted to 24.1 million units, a 1.3% decrease from the previous year.
Toyota Motor Corporation, the world's largest automaker, achieved record-high sales of 10.47 million units, up 2% year-on-year, primarily driven by strong performance of hybrid vehicles in the North American market.
The overall global sales of the Toyota Group, including Daihatsu and Hino, reached 11.28 million units, marking the highest sales figure in history.
Suzuki's sales reached 3.31 million units, increasing by 2.4%, surpassing Nissan to rank third among Japanese automakers.
However, apart from Toyota and Suzuki, all other major Japanese automakers experienced a decline in global sales compared to the previous year.
Honda, ranked second, recorded global sales of 3.43 million units, down 8.6%; its sales in China dropped by 24.0% to just 610,000 units.
As China's automotive market undergoes restructuring centered around domestic electric vehicles, Honda plans to suspend operations at one of its factories in China starting this June. Additionally, Honda recently announced it will terminate its automobile sales business in South Korea.
Nissan’s total global sales last year were 3.15 million units, down 4.2%; Mazda’s sales totaled 1.22 million units, declining by 6.1%.
Original Article: toutiao.com/article/1867934452478032/
Disclaimer: The views expressed in this article are those of the author.