Part 1/8:
The Fall of Japanese Automakers in the Electric Vehicle Race
For decades, Japan was synonymous with automotive innovation and reliability. Leading the world in car production and exporting, Japanese automakers such as Toyota, Nissan, and Honda were pioneers in manufacturing techniques. However, the tides have shifted dramatically, and as of 2023, Japan has been usurped by China as the leading automobile exporter, largely driven by advancements in electric vehicles (EVs).
In this article, we will delve into the reasons behind the decline of Japanese car manufacturers and explore what the future may hold for them in the burgeoning EV market.