汽车行业一周一刻钟，大事快评（W091）：日本见闻

Investment Rating - The industry investment rating is "Cautious" regarding the Japanese automotive market, particularly in the context of electric vehicles and intelligent driving technology [3][4][7]. Core Insights - Japanese consumers exhibit a conservative attitude towards the promotion of electric vehicles (EVs) and intelligent driving technologies, leading to challenges in market acceptance [3][4]. - Despite innovations from Japanese automakers like Toyota in EV technology, the overall acceptance of EVs remains low due to infrastructure issues and consumer concerns about long-term vehicle value [3][4]. - The interest in intelligent driving technology is significantly lower in Japan, with only 18% of consumers expressing strong interest, compared to 65% in China, indicating a cultural reluctance to adopt new technologies [5][6]. - Japanese automakers are focusing on integrating Advanced Driver Assistance Systems (ADAS) into vehicle interaction systems rather than fully autonomous driving features [6]. Summary by Sections Electric Vehicles - The acceptance of electric vehicles in Japan is hindered by inadequate charging infrastructure and a conservative consumer mindset that prioritizes long-term vehicle value [3][4]. - The high average age of the population further complicates the acceptance of new brands and technologies, as seen with BYD's performance in the market [3][4]. Intelligent Driving - Japanese consumers show a strong aversion to intelligent driving technologies, with a significant percentage expressing distrust in automated parking systems [5][6]. - Cultural factors contribute to this reluctance, as consumers prefer to avoid potential inconveniences and accidents associated with unproven technologies [5][6]. Market Focus - Japanese automakers are adopting a defensive strategy towards the Chinese market, with a lower emphasis on it compared to German brands [9]. - The revenue focus for Japanese car manufacturers is primarily on Japan, Southeast Asia, and North America, with limited engagement in the Chinese market [9]. - There is a noted lag in understanding and investment interest from Japanese investors in the Chinese automotive sector, despite some curiosity about successful companies like BYD [9]. Investment Recommendations - The report recommends focusing on domestic strong alpha manufacturers such as BYD and Geely, as well as companies involved in intelligent technology trends [3][9]. - It highlights the potential of component manufacturers with strong growth or overseas expansion capabilities, suggesting investments in companies like Fuyao Glass and New Spring [3][9].