After solar panels and lithium batteries, Japan is once again losing its advantage in the electric car industry to the competition of “China’s speed” due to its wrong industrial strategy.
As these new technology industries are all Japan’s original leading technology, but unknowingly by the latecomer China easily take away the global market.
Japanese experts have warned that Japan may again lose out to China in the fourth new technology – hydrogen energy – if it does not step up its strategy to meet the Chinese challenge.