Changes in Product Competitiveness Driven by EVs and By-Wire Systems
First written in FY2016. 2 of 5 entries say "Worsened", first in FY2019. Latest entry: 2026-07-10.
Hi-Lex moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Materialised".
- FY2022WorsenedAnnual report
「The Group faces major changes, including a decline in applications for control cables as the shift to EVs accelerates rapidly, led by China and Europe, rising global raw material prices, intensifying price competition with Japanese and overseas competitors, a review of the medium- to long-term outlook due to the COVID-19 pandemic and semiconductor shortages, and the impact of foreign exchange fluctuations and trade policies in various countries on the automotive industry. The business environment has become challenging.」
The description of the shift to EVs has been strengthened from the previous wording, “the accelerating shift toward x-by-wire systems,” to “the rapidly accelerating shift to EVs, led by China and Europe.” The decline in control cable applications has been explicitly identified as a key challenge in the difficult business environment. - FY2019WorsenedAnnual report
「The Group faces major changes, including a decline in applications for control cables as the shift toward x-by-wire systems accelerates in response to environmental regulations for EVs and other vehicles, rising global raw material prices, intensifying price competition with Japanese and overseas competitors, weakness in the Chinese market, and trade issues between China and the United States.」
The shift toward x-by-wire systems driven by environmental regulations for EVs and other vehicles is described as accelerating, positioning the decline in control cable applications more strongly as part of the challenging business environment. - FY2016First statedAnnual report
「In the automotive industry, x-by-wire systems are expected to advance as electric vehicles and other technologies progress, and automotive functions are expected to undergo transformation and evolution over the medium to long term.」
The company recognizes that the shift toward x-by-wire systems driven by the advancement of EVs and other technologies could change the competitive environment for its control cable business. It is developing and commercializing new products in response, but explains that it is uncertain whether it can maintain a high level of competitiveness.