Japanese automakers have to accelerate the production of electric vehicles in China because the Chinese government has introduced new regulations for the strict air pollution problem, requiring companies to produce a certain percentage of eco-cars. If the indicators are not completed, a fine will be imposed. It will be implemented in 2018. Including domestic Chinese automakers, the industry may face fierce sales competition.
Nissan is the only Japanese manufacturer to officially sell electric vehicles in China. In the future, we plan to sell electric vehicles based on the small car “Leighing the Wind†and launch new models in 2018. The cooperation between Nissan and its subsidiary Mitsubishi Motors is also expected.
Honda also announced that it will launch a new electric car in 2018. Toyota Motor will develop jointly with its capital partner Mazda and strive to launch a new car in 2019.
The eco-cars required by the Chinese government also include plug-in hybrid cars, but manufacturers that produce electric cars are expected to enjoy preferential treatment. Hybrid cars that Japanese manufacturers are good at are not among the concessions.
In 2016, there were approximately 400,000 electric vehicles sold in China. Mitsubishi Tokyo UFJ Strategic Investigation Department (Hong Kong) investigator Kurokawa's report shows that Japanese manufacturers produce about 2,000 electric vehicles, accounting for the vast majority. It is reported that in order to avoid being punished for the new regulations, each company needs to produce about 30,000 vehicles. According to analysis, the Chinese government intends to support existing domestic electric vehicle manufacturers and other domestic industries, and the competition will be fierce.
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