Unpacking the Ownership Structure of Volvo Cars
Wang Lin · 2024-07-16
ifeng · 2024-08-13
Zeekr to Start Building Showrooms in Japan in Q4 for 2025 Market Entry
Zeekr to start building showrooms in Japan in Q4 for local market entry in 2025
According to Zeekr (NYSE: ZK) official, the company is expecting to build showrooms in Japan’s Tokyo and Osaka by this year, and is planning to start selling and delivering its premium vehicles there in 2025.
Recently, Chen Yu, Zeekr’s VP told the media that, Zeekr plans to enter the Japanese automotive market in 2025. The company will begin construction of showrooms in both Tokyo and Osaka later this year.
Strategic Expansion
Zeekr is making great efforts to expand overseas. It has entered more than 30 mainstream overseas markets including Sweden, Holland, Thailand and Mexico, and etc. Entering the Japanese market will be one strategic step for Zeekr. For the whole year this year, Zeekr is expecting to enter 50 mainstream international markets.
Market Challenges and Opportunities
Additionally, the Zeekr X Right-hand Drive edition has started delivery in Thailand and Singapore. As right-hand drive models are used in Japanese market, we speculate that Zeekr may launch its Zeekr X Right-hand Drive models there.
As far as we know, only BYD has introduced three models into Japanese auto market, including Atto 3, Dolphin EV, and Seal EV Sedan, with an annual sales volume of 1,300 units last year.
Actually, the new energy vehicle market in Japan is developing slow, the consumers there shows less interest in NEVs, because of the high cost of electricity, and limited number of charging stations. BYD and Zeekr focus on establishing brand recognition and influence in the Japanese auto market, in order to lay a solid foundation for future development.
2018 GEELY
EMGRAND
201883,000kmPetrol
$3,401
2024 BYD
SEAGULL
2024100kmBEV
$8,928
2023 BYD
QIN PLUS
202462,000kmBEV
$11,733
2024 BYD
SEAGULL
202412,000kmBEV
$8,928
2020 WELTMEISTER
EX5
202060,000kmBEV
$8,261
2012 TOYOTA
CAMRY
201498,000kmPetrol
$7,400
2020 CHANGAN
E-PRO
202256,600kmBEV
$7,428
2024 MERCEDES-BENZ
C CLASS
20249,000kmPetrol
$34,643
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China Auto Daily丨China Exports 4.69 Million Cars from January to September 2024
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China Auto Daily丨Chinese Brands Shine at the 2024 Paris Motor Show
China's used car transactions and automotive exports show robust growth in 2024. Highlighted are new model launches and international expansion strategies of Chinese brands at the Paris Motor Show and beyond.
China Automotive News · 2024-10-15
Neta Auto Opens First Flagship Store in Kenya
On June 27th, Neta Auto announced its expansion into the African market, opening its first flagship store in Nairobi, Kenya. This movement marks a new competitive era in the right-hand drive vehicles market, signaling the start of Neta Auto's global expansion strategy.
yiche · 2024-07-02