China’s electric car boom to spill over into Asia-Pacific bonanza
The region’s automobile industry will leapfrog past the pre-electric production era altogether, according to top officials at Japan car giant Nissan
China’s expected boom in the use of electric cars (EVs) will spill over into the rest of Asia-Pacific allowing the region’s automobile industry to leapfrog past the pre-electric production era altogether, according to top officials at Japanese car giant Nissan.
Yutaka Sanada, Nissan’s senior vice-president of Asia and Oceania excluding China and India, told the South China Morning Post the rising demand for EVs among customers has given Chinese car builders and their Asian suppliers a golden opportunity to “impress and improve”.
“The significant movement of EVs will drive electrification in Asia and Oceania, not only in demand but also in acceptance,” he said.
Sanada added that the advances made by Chinese companies in electric cars will also open many doors for production integration further down the road.
“Once the Thai market’s electrification demand increases, we may also try to link Chinese electrification part suppliers [with our local production],” he said.
China is a key source for parts, not only for [Nissan in] China but also [Nissan in] Asia and Oceania as a territory.”