| Japan's earthquake in China Automobile Industry |
| Written by Kelly's; Source: GLG Research | ||||||
| Monday, 02 May 2011 | ||||||
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Japanese earthquake and resulting tsunami, the disaster of nuclear leaks to the Japanese automobile industry into three major difficulties, while the global automotive industry had a profound impact.
2010, China imported cars from Japan was 25.3 million vehicles, Japanese cars accounted for nearly one-third of the proportion of imported vehicles; by 2010, China imported cars from Japan amounted to 18.1 billion of goods, accounting for goods imported cars to 31% of the total . Japan will reduce the short term, including China's car exports in other international markets. Because Infiniti, Acura, Lexus the three major Japanese luxury brand to the "local production, export sales" business model, the impact of the earthquake will undoubtedly have the United States Department of the Chinese luxury car market, the supply of the previous day caused impact. Japan earthquake will cause tight supply of domestic import cars, but help speed up the localization of Japanese high-end automotive parts production process and the re-layout. Japanese car companies will be in the labor, power supply, fuel supply, transportation, face enormous challenges. Department the day before the three companies are no key product launches, especially in the high-class cars. Coupled with the impact of the earthquake, China's auto market this year, the European system and the Korean series products will get more space for development. Especially in the high-class car market, Volkswagen will continuously introduce new and Passat MAGOTAN NMS, Hyundai and Kia new Sonata and K5, and this four cars in three will focus on March and April introduced, which will undoubtedly have suffered the plight of the current Japanese high-class cars have more pressure, the traditional Japanese cars dominated the high-class car market in the pattern will change because of the earthquake disaster.
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