Japanese carmakers are losing ground as China surges ahead in the EV race
Honda and its rivals are facing a growing headache over sales in China, the world's largest car market.
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- Three of Japan's iconic car companies are struggling.
- Toyota, Honda, and Nissan reported underwhelming earnings in the most recent quarter, partly because of slumping sales in China.
- Japanese automakers, which have prioritized hybrids, are facing pressure from China's EV giants like BYD.
Japan's iconic auto industry is going through a rough patch...
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