Automobile manufacturers' investment/development competition, Toyota separates Tesla and BYD - in a physical strength competition situation
Japanese automobile manufacturers are being pushed by the rise of EV manufacturers centered on the US and China, but in research and development and capital investment, which are expected to have a big impact on future business results, both scale and effectiveness $Toyota Motor(7203.JP$Is rice $Tesla(TSLA.US$or China $BYD Company ADR(BYDDY.US$There is a big gap between them.
Toyota Motor Corporation from fiscal 2018 to fiscal year 22Funding exceeding 12 trillion yen for research and development and capital investment over 5 yearsI'm putting it in. It is also involved in the motorcycle business $Honda Motor(7267.JP$Also, it is more than double that of Tesla, which greatly exceeds Toyota in terms of total market value. It can be said that it is a large-scale investment that can only be realized if Toyota, which has been at the top position in the world in automobile sales since 2020, has the ability to generate cash.
As for investment effects, when viewed compared to the fiscal year ending 2023/7/9, there was also an upward effect on operating profit due to the depreciation of the yen, and it overwhelmed Tesla and BYD, which began to lose their profit margins due to low price competition for EVs.
Excluding Toyota, the four companies also spend around 1 trillion yen each year on research and development and capital investment. In addition to Toyota's negative free cash flow of 614.7 billion yen for the July-September fiscal year, $Nissan Motor(7201.JP$(-48.2 billion yen), Tesla (-213.7 billion yen), BYD (-80.4 billion yen), and 4 companies excluding Honda (21.3 billion yen) are negative.They are diverting more to investments than what they earn from their main businessAccording to calculations, it is a state where “unreasonable” investments are being made, so to speak.
It may be more appropriate to see that each company is working on large-scale investment and development rather than prioritizing upfront investment in anticipation of future profit expansion, but rather that they are being forced to pour funds into investment/development for survival, in other words, they are doing a “physical fitness competition.”
The automobile industry is now making huge development investments for the sake of survival,A revolutionary period once every 100 yearsThat's because it's supposed to be. That keyword is”Connected (IT)」「Autonomous (autonomous driving)」「Shared & Service (sharing)」「Electric (EV)The initials of” combined”CASEIt is called”.
Despite the fact that future sales volume cannot be expected to increase significantly due to the spread of “MaaS (Mobility as a Service)” that does not have private cars, such as sharing cars, etc., it is essential to introduce advanced technology such as IT, autonomous driving, and EVs. Each company is increasing research and development expenses in order to respond to “CASE.”
The Japanese team is trying to bounce back even for EVs, which have a sense of being late, with large amounts of development and investment. From '22As for EV-related investments, Toyota is about 5 trillion yen by 30, Honda is about 5 trillion yen over 10 years, and Nissan is about 2 trillion yen by 26They have set out a policy to inject them into each.
The cornerstone of EV development is battery production and development. In October this year, Toyota decided to make an additional investment of about 8 billion dollars (about 1.2 trillion yen) in a battery plant in North Carolina, USA, and announced that the total investment amount would be about 13.9 billion dollars (about 2.85 trillion yen).
As investment and development competition among automobile manufacturers is expected to continue to intensify in the future, it is essential to increase investment and development effects not only within the company but also through cooperation with the outside world.
Cooperation partners seem to hold the key in addition to horizontal and vertical cooperation such as the same industry and supply chain.
In a horizontal partnership, Nissan announced in July this year that it will invest a maximum of 600 million euros (about 93 billion yen) in the new EV company Ampere to be newly established by the French Renault Group. What about Toyota $Suzuki Motor(7269.JP$、 $Mazda Motor(7261.JP$、 $Subaru Corp(7270.JP$It has partnered with In terms of vertical cooperation, in May this year, Honda $GS Yuasa(6674.JP$It was announced that a joint venture to conduct battery research and development will be established.
As a collaboration with different industries, Toyota $SoftBank(9434.JP$Ya $Nippon Telegraph & Telephone(9432.JP$And, Honda $Sony Group(6758.JP$Movements to join hands with major companies such as the telecommunications industry and electronic device manufacturers are spreading, such as partnering with each.
-MooMoo News Mark
Source: Each company's website
Source: Each company's website
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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181338057犬心久美子 : I was surprised at the robustness of Tesla's Cybertruck and pickup trucks that can withstand being shot in from the side
Also, if you take advantage of the irony that makes the window and windshield look like they were smashed with a hammer and sold it with a sticker as a joke
It looks like Mr. Musk.
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It's an American car with a large tapper like a hippopotamus
It was sold out on the same day
hmm. Tesla has the advantages of Tesla,
Toyota has the advantages of Toyota..
However, if you pull a lot and focus
I think gasoline and EV hybrids are excellent.
What can be used properly between low speed and high speed
The true essence of hybrid cars
The price of Toyota is also getting higher and higher,
As a matter of fact, Tesla's Cybertruck is an expensive car unless you're a wealthy person. I feel like I'll be able to do a lot in the American mainland. In Japan, they choose roads to run on,
EV infrastructure is not progressing. It seems that if you only charge quickly, it will put a strain on the battery.
Parking might be a bit of a problem, too.
I've seen a car called Hummer before
You can't get in on narrow roads, and passing each other is dangerous.
The car that suits your lifestyle is the best
Please do your best for both Tesla and Toyota
181290949 : what about the canoe goev?
ありがとう星 : What do you think about H2?
181338057犬心久美子 : That's great thank you
pinkotu : I think I get 3 times as much salary as in Japan, so Cybertruck isn't expensive; eating out is 3,4,000 yen per meal, so it's no good if you look at it from Japan where prices are low. That's because it's the G7 poorest country.