The world's largest motor show began on the 18th in Shanghai, China. In China, EVs = electric vehicles sold account for one-fourth of the total market, and electrification is progressing further, and it will be interesting to see if Japanese automakers can appeal their electrification strategies and show their presence.
The Shanghai Motor Show, the world's largest show, which began on the 18th and lasts for 10 days, is attended by more than 1000,<> automobile-related companies from around the world.
Among them, China's "BYD", which began selling passenger EVs in Japan this year, announced that it will sell a new model in the lower price range for more than 150.4 million yen for Japan yen, and is showing a wide range of models such as EV sports cars.
In China, last year's sales of EVs and plug-in hybrid vehicles, known as "new energy vehicles," accounted for one-quarter of the total market.
It is predicted that the number of units will exceed 1 million units this year, reaching one-third of the total, and competition is intensifying as prices are being lowered one after another as electrification progresses.
Among Japanese automakers, Toyota Motor Corporation has unveiled two EV concept cars, and Honda has unveiled three new EV models for the first time in the world.
As competition in the EV field intensifies in China, the world's largest automobile market, it has been pointed out that the market share of Japanese companies is small and lagging behind, and it will be interesting to see if they can show their presence.