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It’s looking like betting on hydrogen sealed their fate. The Japanese seems to be behind everyone on EV’s.
Nissan had some momentum with the Leaf early on but after that model’s intitial success seemed to just twiddle their thumbs and let the competition catch up and pass them.
>“Production volume is decreasing, so dispatch contracts are terminated in line with that,” the spokesperson said of the employees, hired through dispatch agencies, at Honda’s venture with China’s state-owned Guangzhou Automobile Group.
Least convoluted employment relationship, maybe ever
For Toyota at least it sounds like they’re cutting older models. Really hope the Yaris keeps on trucking!
Anyway, I’ve always been a bit surprised at how well Japanese products sell in China; the Japanese did not treat them particularly well for nearly half a century of colonialism to put it mildly
Then again, French, British, and American products are all popular there too, so maybe they hold grudges less than I would
Honda just had its first ever layoff, in China
Chinese market is cutthroat competitive.
It’s because the Chinese are making better, more advanced EVs faster. The Japanese have fallen behind in the EV race
like any other non-chinese companies lol