Japan's automakers lose market share in China, Thailand as EVs spread
TOKYO -- Japanese automakers are rethinking their strategies in China and Thailand after double-digit sales declines there in the April-June period, with consumers in those key markets and beyond increasingly shifting to electric vehicles.
That comes at a time when investors are paying close attention to the performance of these high-profile companies as a recent strengthening in the yen threatens to eat up their exchange-rate gains and pressure profits.