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Which electric vehicle companies are leading in Japan?

The analysis of 4 companies in EVs considered the leading player in their respective field is listed with their current key financial details.

  1. Honda Motor Co., Ltd

The company headquarter is situated in Tokyo. The company is involved with the development, production, and sales of a variety of automobiles, motorcycles, and power products. The company operates primarily in North America, Asia, and Europe with a global network of 368 subsidiaries and 83 affiliates over the world. They are involved in manufacturing gasoline-electric hybrid systems and gasoline-electric plug-in hybrid systems along with other entities.

Revenue (JPY) (TTM)14.93 trillion
Net income (JPY) (TTM)455.75 bn
Market cap (JPY)5.00 trillion
Employees218.67K
Source:- https://markets.ft.com/data/equities/tearsheet/profile?s=7267:TYO

2. Mitsubishi Motors Corporation.

The company headquarter is situated in Tokyo. It is engaged primarily in the development, design, manufacture, assembly, sales and purchase, automobile importing, automotive components, replacement parts, and industrial engines. The company got its sales operation in more than 160 countries across Asia, Europe, and North America, operating through 36 consolidated subsidiaries and 20 equity method affiliates.

Revenue (JPY) (TTM)2.27 trillion
Net income (JPY) (TTM)(-)25,778 M
Market cap (JPY)405.36 bn
Employees32.17 K
Source:- https://markets.ft.com/data/equities/tearsheet/profile?s=7211:TYO

3. Nissan Motor Co., Ltd.

The company headquarter is situated in Yokohama-shi, Kanagawa. The engagement of the subsidiaries is primarily in the manufacturing and sales of automobiles, marine products, and related parts. The vehicles are manufactured in 20 countries and it offers products and services in more than 170 countries worldwide. The global operation includes Japan, the US, Canada, Mexico, Australia, New Zealand, Thailand, Indonesia, and India. Renault is the partner for manufacturing automobiles, sales, and automotive financing.

Revenue (JPY) (TTM)9.88 trillion
Net income (JPY) (TTM)(-)671.22 bn
Market cap (JPY)1.65 trillion
Employees136.13 K
Source:- https://markets.ft.com/data/equities/tearsheet/summary?s=7201:TYO

4. Toyota Motor Corporation.

The company headquarter is situated in Toyota City, one of the largest automobile manufacturers in the world. The engagement of the company is in the design, manufacture, and sales across the world. The company and its affiliates produce automobiles across 50 overseas manufacturing companies in 28 countries and regions and the vehicles are sold approximately through 170 distributors in more than 190 countries and regions.

Revenue (JPY) (TTM)275.4 bn
Net income (JPY) (TTM)2.07 trillion
Market cap (JPY)176.872 bn
Employees359,542
Source:- global.toyota.com; https://finance.yahoo.com/quote/TM?p=TM;

Japan can be seen as a market for some new players to join the league of EVs but how far the foreign goods will be accepted is questionable. The market is mainly occupied with established players. With the rise of negative birth rate and shortage of skilled labor, new players are concerned to generate profit in a short time.

Source:- Statista (Hybrid & Electric Vehicles cars in Japan)

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