Japan losing all bets on automobiles

I still remember Japan trying to dump obsolete and outdated washing machines on to the Chinese market when China was still relatively backward. Those we later discovered to be plague by problems, and the Chinese began to dislike them and the dumping ended.

Mongolia is now Japan's dumping ground for unwanted ICE and hybrid cars, what China was to Japan in the past for some consumer products. Japan has now lost the market for consumer product sales in China. Japan was earlier overtaken by South Korea, which in turn was overtaken by China and also Vietnam in the consumer products sector. Japan today is still holding on desperately to its motor vehicle industry, its last bastion of industrial power, but plague by wrong bets in hybrids and hydrogen fuel cell vehicles. But it was the realization that it cannot compete in EVs against China when raw materials and supply chains had all been dominated by China, which led Japan to fall into its present predicament. Japan then had no choice but to bet on hydrogen fuel cell engines, a direction which failed miserably.


Anonymous