Japan's Automakers Hit by Sales Slump in China
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Japanese automakers are facing a sales crisis for their made-in-China vehicles.
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The decline in sales is mainly due to rising anti-Japanese sentiment in China.
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The ongoing trade tensions between China and Japan have contributed to this sentiment.
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Japanese automakers have also been affected by the pandemic-related supply chain disruptions.
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Toyota, Honda, and Nissan have reported a decline in sales of their Chinese-made vehicles.
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Toyota's sales dropped by 8.8% in China in 2020.
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Honda's sales in China fell by 6.4% in 2020.
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China is a crucial market for Japanese automakers, accounting for a significant portion of their global sales.
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Japanese automakers are now looking to shift their production bases to other countries to reduce their reliance on China.
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