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...A version of this article was first published by Nikkei Asia on February 27. ©2024 Nikkei Inc. All rights reserved....
The Japanese carmakers are under pressure from coming wave of high-tech, low-cost electric vehicles from China
Governments need to work with carmakers to reduce the obstacles to adoption
...Related stories Intel partners with Taiwan’s Number 2 chipmaker UMC in Arizona Chipmaker Renesas’ investors Hitachi, NEC cash out in turnaround milestone AI is not everything for car chip innovations,...
Gap with Toyota is set to widen and low-priced Chinese electric cars are a threat
...KKR aims to float Hitachi Kokusai Electric at a level that values the company at ¥400bn ($2.7bn), according to two people familiar with the buyout group’s plans....
...“You have all the major players coming in, so sales for EVs are going to increase,” said Ammar Master, director of South Asia automotive with GlobalData....
...At present, nearly three-quarters of the world’s chip fabrication plants are in Asia. When it comes to advanced chip manufacturing, nearly all of that capacity is in Asia....
...Back in 1989, Japan’s NEC, Toshiba, and Hitachi were the top three chipmakers in the world, while the country’s DRam production met half of the global demand....
...South Korea has become one of the most important markets for European carmakers, ranking among the top three Asia markets for global luxury brands with about 34,000 cars priced at more than Won150mn ($108,000...
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