Core Viewpoint - The shift in the automotive supply chain in Southeast Asia is significant as Toyota begins sourcing parts from Chinese manufacturers, enhancing cost competitiveness against Japanese firms [2][3]. Group 1: Market Dynamics - Chinese auto parts manufacturers have lower costs by 20-30% compared to Japanese firms, potentially leading to the exit or downsizing of some Japanese companies [6]. - Toyota plans to use Chinese parts in its new electric vehicles (EVs) produced in Thailand starting in 2028, marking a pivotal change in the Southeast Asian automotive supply chain [2][5]. - The market share of Japanese cars in Thailand has dropped to 71% from 90%, while Chinese cars have increased their share to 16% as of January-May 2025 [2]. Group 2: Strategic Partnerships - Toyota has initiated procurement of parts from Chinese companies, including a partnership with Wuhu Yuefei New Sound Absorbing Materials, establishing a joint venture in Thailand [3]. - The company is encouraging Japanese parts manufacturers to adopt Chinese products to reduce costs, indicating a strategic shift in sourcing [5]. Group 3: Industry Trends - The number of Chinese auto parts manufacturers in Thailand has quadrupled since the end of 2017, with approximately 190 companies now present compared to 1,400 Japanese firms [6]. - The automotive supply chain in Southeast Asia, historically dominated by Japanese firms, is facing increased competition from Chinese manufacturers, particularly in the EV sector [8].
丰田在泰国采购中国零部件,日企供应链转折点