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$2.4bn over 4 companies + panasonic and 12 projects isn't a huge amount, relatively speaking. And I imagine Hydrogen is also still being pushed.

EVERYONE knew China was coming, it was long clear that China saw the changeover from ICE to EV as an opportunity to become a dominant player.

Chinese companies are setting up local brands for different countries: https://www.bbc.com/news/articles/c74jgk1kw87o and making cars that appeal to western tastes.

Japan's main problem is that they are stubborn - the Koreans and Chinese bought in european designers and made cars look to Western tastes. Japanese cars look like Japanese cars.




I definitely agree on your last point, big fan of a lot of the recent designs that have come out of Korea. A sort of boxy, cyberpunk look in models like the Hyundai Grandeur and IONIQ 5 - and the Hyundai N Vision 74 concept looks amazing.


> Japanese cars look like Japanese cars.

And yet I think Toyotas are extremely common in the west. Would they really benefit by looking like everyone else?


Lexus would for example - far more reliable and engineered than the European premium ones but, in my opinon, have never looked the part. Even the Lexus performance coupe's.

Compare Volvo suv designs to lexus!


Funny, I kinda like how Lexus looks. And I certainly see more of those around than Volvos.


I know some people who weren't very pleased when Volvo was sold to China and switched their preferences. Could it be a trend?




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