Structural Changes in the Automotive Industry Driven by Electrification, Automation and Autonomous Driving
First written in FY2019. 5 of 11 entries say "Worsened", first in FY2021. Latest entry: FY2026.
Yorozu moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 11 of 29 companies on the "Worse" side.
11 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In addition, the rise of Chinese OEMs and technological innovations such as AI and SDVs (Software Defined Vehicles) are transforming the competitive environment and affecting our business model and supply chain.」
Explicitly described the impact of the rise of Chinese OEMs and AI and SDVs on the competitive environment, business models and supply chains, in addition to the existing structural changes involving EVs and autonomous driving. - FY2025WorsenedAnnual report
「Although BEV growth showed signs of slowing during the fiscal year in response to market characteristics and changes in environmental policies in various countries, we believe it will undoubtedly continue to expand over the medium to long term. In vehicle manufacturing, competition for added value, including the development of various powertrains to preserve market choice, autonomous-driving technology and software, is intensifying, while alliances among automakers and collaboration with companies in other industries are also becoming more active.」
Added the intensifying competition for added value, including powertrains, autonomous driving and software, as well as the increasing activity in collaboration, as structural changes, while acknowledging the short-term slowdown in BEV growth. - FY2025-H1MaterialisedAnnual report
「Production volumes in the automotive industry related to our Group are expected to remain under pressure, as production cuts by Japanese OEMs in response to the shift to BEVs in China and other markets continue to have an impact.」
Structural changes in the automotive industry driven by electrification are appearing in actual production trends, including the shift toward BEVs in China and other markets and production cuts by Japanese OEMs. - FY2024WorsenedAnnual report
「The automotive industry is facing major changes and structural transformation in the market, including rapid growth by emerging EV OEMs, while production overall is gradually recovering as the semiconductor shortage that had constrained the industry is being resolved.」
More specifically described structural changes driven by electrification in terms of the rapid growth of emerging EV OEMs and market transformation. - FY2024-Q3RestatedAnnual report
「In the Chinese market, the rapid growth in new-energy vehicle (NEV) sales by Chinese automakers has made the decline in unit sales by Japanese automakers increasingly pronounced, and the operating environment remains challenging.」
Reconfirmed the rapid growth in NEV sales by Chinese automakers and the resulting decline in unit sales by Japanese automakers as structural changes in the automotive industry. - FY2024-Q2MaterialisedAnnual report
「In China, the rapid growth in EV sales by Chinese automakers has made the decline in unit sales by Japanese automakers increasingly pronounced.」
Structural changes in the automotive industry, including electrification, are appearing in actual market trends through the growth in EV sales by Chinese automakers and the decline in unit sales by Japanese automakers. - FY2023RestatedAnnual report
「As the effects of climate change intensify worldwide, countries are strengthening their environmental regulations, and automobiles are consequently expected to shift substantially toward EVs in the move toward carbon neutrality.」
Reconfirmed tighter environmental regulations and the shift toward EVs as structural changes in the automotive industry. - FY2021WorsenedAnnual report
「The major changes in the automotive industry, said to occur only once in 100 years and symbolized by CASE (Connected, Autonomous, Shared & Services, Electric), will affect our business. Efforts to achieve carbon neutrality have also become necessary as part of our corporate social responsibility.」
Positioned the response to CASE as a whole and to carbon neutrality, in addition to the conventional focus on electrification, automation and autonomous driving, as structural changes in the automotive industry and demands on corporate activities. - FY2019First statedAnnual report
「The automotive industry is entering a period of transformation said to occur only once in 100 years. In addition to the acceleration of electrification driven by tighter environmental regulations in various countries and China's new-energy vehicle regulations, automation is advancing rapidly alongside developments in IT and artificial intelligence, and autonomous-driving technology is expected to progress at a pace far exceeding that of the past.」
Newly identified environmental regulations, new-energy vehicle regulations, advances in IT and artificial intelligence, and autonomous driving as major environmental changes facing the automotive industry.