Japanese car market share shrinks, Japanese parts manufacturers actively integrate into the Chinese automotive supply chain

The continuous rain at the end of October did not affect the itinerary of more than a dozen Japanese auto parts companies visiting the Wuhu Chery Automobile production base. After the visit, they divided into four groups based on their specific fields to engage in concrete connections with this Chinese independent automobile brand. "The rise of Chinese automobiles has posed survival challenges for many foreign car brands that entered China earlier," said He Xiaolei, the general representative of the Japan Value Engineering Association in China. Taking Japanese cars as an example, decades ago, Japanese car manufacturers entered the Chinese market together with their suppliers. Today, the market share of Japanese cars has significantly shrunk, and many Japanese suppliers still remaining in China need to "activate" these production capacities. The urgency to seek cooperation with Chinese car companies and actively integrate into the supply chain of Chinese automobiles, especially new energy vehicles, is increasingly pressing