Seems like the Chinese are catching up fast, what’s happening to brands like Toyota, Honda, and Nissan?
https://www.bloomberg.com/graphics/2024-china-outshines-japan-cars-southeast-asia/?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTczMjY3MDAyMywiZXhwIjoxNzMzMjc0ODIzLCJhcnRpY2xlSWQiOiJTTktWUzVEV0xVNjgwMCIsImJjb25uZWN0SWQiOiJBRTVERTA2NkY0MzM0RjhBQThFMjBGOUJEMDQ2NEMyNiJ9.X8Ti6pmu5cHFVG_j_ZU9WY5As-v1bPJe6T3WwBNqZts
I trust Japanese car manufacturers more, especially Toyota and Honda. They have a whole process for improving their vehicles over time.
This forum is funded by a Chinese hedge fund.
Michael said:
This forum is funded by a Chinese hedge fund.
Source?
Michael said:
This forum is funded by a Chinese hedge fund.
Source?
Look it up, there’s a lot of information about it.
Atlas said:
Michael said:
This forum is funded by a Chinese hedge fund.
Source?
Look it up, there’s a lot of information about it.
Just so you know, Bloomberg talks bad about Musk or Tesla almost every day. It’s pretty rare they put Toyota in a negative light, this is the first time in a long while.
Atlas said:
Michael said:
This forum is funded by a Chinese hedge fund.
Source?
Look it up, there’s a lot of information about it.
Bloomberg himself is rich, not sure why he’d need more money.
@Atlas
Why do elites always want more power and money?
@Atlas
That’s the same kind of person who says billionaires are working for our best interests.
Let’s see if these cars will still be around in 5 to 10 years.
Chinese people like their own cars, it’s a matter of pride for them. Similar to how Americans prefer local brands. It’s not surprising. If they get the chance, they’ll take over the global market. In America, brand recognition matters, so they’ll have to build that first. Look at Hyundai and Kia – they started by offering great value and now they have a reputation.
@CarEnthusiast
I’m just sharing this because the forum doesn’t talk much about foreign markets. I think it’s more than just China, in many places they offer better value than Toyota, which doesn’t seem to focus on that anymore. China is like Japan 3.0 to me. In China, Toyota’s issues are mostly because they don’t care much about EVs. Over there, if you want to register a new gas car, you have to enter a lottery to win. With EVs, you just register the car without that hassle.
@Atlas
The Chinese car market is like the Korean market in the U.S. – it’s a value play. They need to build a reputation first. It will take time, especially in markets like America, but the tariffs are blocking them right now.
In China… is this really a surprise?
I will never buy a car from any Chinese company.
Aeron said:
I will never buy a car from any Chinese company.
Same here.
There’s no way China has the same attention to detail needed to make a product like a Toyota Highlander. They don’t have the ethics or standards in their production environment.
Leslie said:
There’s no way China has the same attention to detail needed to make a product like a Toyota Highlander. They don’t have the ethics or standards in their production environment.
People said the same thing about Japanese and Korean cars. China already has some high-end car brands.
Something seems off with the numbers in this article. For example, the ‘2019-2023 market share in China’. Why are they only mentioning Japanese, VW, and Tesla? What happened to GM and Ford? Did they not fit the chart? Because the biggest problems didn’t come from VW or Japanese brands.
@Kelley
This looks like an article that’s trying to bash Toyota and Japanese brands. It seems like they want to avoid mentioning GM and Ford’s problems. The reality is that while all old-school car makers are struggling, the weakest ones are in the most trouble, but Toyota is holding up better than most. In China, the ICE (internal combustion engine) market shrank by around 50%, but Toyota and VW still gained market share, even though they lost in EVs. And Toyota is still profitable, unlike others like Jeep, Peugeot, Citroën, and Chevrolet, who are nearly extinct. But the article only mentions the Japanese and highlights VW.