Despite Japanese carmakers being on track to increase profit, many have realized they are not in the clear yet as the supply of semiconductor chips continues to be slow.
Japan’s top carmakers are on track to increase profit, buoyed by higher vehicle prices on the back of robust demand that’s making up for Covid-related factory halts and chip shortages. Even so, most of them appear to realize they’re not in the clear just yet.
In 2021, new registrations of imported EVs nearly tripled to 8,610, a small but remarkable shift in a country where overall automobile sales have stalled.