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Contrary to the trend, Japanese companies increase investment in automotive materials in China

 Last Update: 2022-08-21
 Source: Internet
 Author: User

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According to the Nikkei Chinese website, recently, large Japanese raw material companies are increasing investment in the automotive sector in China

JFE Steel will invest 12 billion yen in a joint venture automotive steel sheet plant in Guangdong

JFE Group is increasing its investment in China centered on its main steel business

Other major Japanese raw materials companies will also take action

Although the Chinese auto market remains sluggish, sales of Japanese automakers such as Toyota have remained firm

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