Partnership for the Automotive Electric Drive Systems Business for the Chinese Market
First written in FY2017. 3 of 6 entries say "Advanced", first in FY2018. Latest entry: FY2020-Q1.
No other company in this theme has enough history to compare yet.
- FY2020-Q1The benefit of the previous year's start-up of mass production fadedAnnual report
「Revenue declined year on year and operating income deteriorated because the temporary demand generated by the start-up of mass production related to EVs in the same period of the previous year had ended.」
In the EV-related business, the temporary demand generated by the start-up of mass production in the same period of the previous year had ended by the current quarter. - FY2019AdvancedAnnual report
「Net sales and operating income remained firm, despite temporary effects from the restructuring and newly consolidated subsidiaries and the launch of mass production related to EVs.」
The EV-related business reached the stage where the start-up of mass production affected performance, indicating progress toward mass production through the Chinese joint venture. - FY2019-Q2RestatedAnnual report
「Revenue and operating profit increased due to the newly consolidated subsidiary and the temporary impact of the start-up of mass production related to EVs.」
The company continued to explain that the start-up of mass production related to EVs had a temporary impact on performance, with progress toward mass production reflected in results. - FY2019-Q1AdvancedAnnual report
「Revenue and operating profit increased, partly due to the impact of newly consolidating a subsidiary and the temporary impact of the start-up of mass production related to EVs.」
In the EV-related business, the impact of the start-up of mass production became evident in performance, indicating progress toward mass production through the Chinese joint venture. - FY2018AdvancedAnnual report
「In the electric drive systems business for EVs (electric vehicles), we will put mass production through our Chinese joint venture, Chery Yaskawa Electric Drive System Co., Ltd., on a firm footing and accelerate business expansion.」
The company indicated a policy of moving the Chinese partnership from the contract stage to the stage of establishing mass production through the joint venture. - FY2017First statedAnnual report
「We entered into an agreement on 15 April 2016 with Chery New Energy Vehicle Technology Co., Ltd., a subsidiary of Chery Automobile Co., Ltd. of China, and Wuhu Construction Investment Co., Ltd. concerning a partnership in the automotive electric drive systems business.」
This was the first disclosure of the execution of a partnership agreement with Chinese automotive-related companies in the automotive electric drive systems business.