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Japan carmakers aim to bounce back with new EVs at Shanghai show
Major Japanese automakers unveiled their latest electric vehicle models at the Shanghai motor show on Wednesday, hoping to bounce back in the Chinese market that has seen cutthroat competition with local carmakers amid a rapid shift toward new energy vehicles.
Major Japanese automakers unveiled their latest electric vehicle models at the Shanghai motor show on Wednesday, hoping to bounce back in the Chinese market that has seen cutthroat competition with local carmakers amid a rapid shift toward new energy vehicles. About 1,000 companies including auto parts makers are participating in the biennial show through May 2, one of the world's biggest auto exhibitions, at a time when a tit-for-tat tariff war between the United States and China has cast a shadow over the car industry. In 2024, new energy vehicles including EVs and plug-in hybrids accounted for around 45 percent of new car sales in China.
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