Japanese suppliers in China (1): Eastern China Region
Highlights of activities in Shanghai, Jiangsu/Zhejiang/Shandong/Jiangxi/Anhui/Fujian provinces
This report summarizes the activities of Japanese suppliers in Shanghai, Jiangsu, Zhejiang, Shandong, Jiangxi, Anhui, and Fujian province (namely "Eastern China") during one year from May 2012 to June 2013.
The sales depression in the Chinese market caused by anti-Japanese protests has yet to make a full recovery; however, major Japanese OEMs like Toyota, Nissan, and Honda declared that they will not make any major changes to their business plans in China. Japanese suppliers providing auto-parts mainly to major Japanese OEMs are also making expansions to their existing plants or constructing new plants accordingly. Some of the suppliers with decreased orders from Japanese OEMs due to anti-Japan protests are now making expansion plans for manufacturing systems while also seeking ways to expand their sales through developing new accounts by receiving orders from automakers globally, local Chinese suppliers, European, and U.S. OEMs.
Aisin AW and Toyota Boshoku are making expansions to their businesses through the establishment of local headquarters or transferring production site. The companies are also building or expanding their technical support and development centers to promote localization of supplies business. Denso will also transfer and expand its technical center in Shanghai by the fall of 2013 and Tokai Rubber started operations at the technical development center in Zhejiang province.
Primearth EV Energy, a leading automobile nickel metal hydride battery supplier, will establish a joint venture jointly with Toyota, Toyota Tsusho, and a major local battery supplier, Hunan Corun New Energy Co., Ltd., in Changshu, Jiangxi province.The JV will manufacture nickel metal hydride battery cell modules used on electric-powered vehicles such as hybrid vehicles (HVs).
Japanese suppliers Related Reports:
Central & Southwestern China (Aug. 2012), Southern China - Guangdong Province (Aug. 2012), Eastern China (Jul. 2012), Northern and Northeastern China (Jul. 2012)
Mexico and Brazil (Jun. 2013), Thailand (Apr. 2013), South East Asia (Mar. 2013), Russia and Eastern Europe (Jan. 2013), India (Nov. 2012), Mexico and Brazil (Oct. 2012), the US (Aug. 2012)