We have talked with you before that the Japanese economy has encountered a major crisis this year, so let's talk about the simple issue of the exchange rate. The exchange rate of the yen against the US dollar has fallen by more than 30% this year, which has led to the fact that Japan's per capita gdp may be lower than that of South Korea and my country's Taiwan when the general accounts are calculated at the end of this year. The total GDP of our country may be 4.5 times or even 5 times that of Japan.
Moreover, Japan has experienced a trade deficit for more than ten consecutive months. Once upon a time, Japan was definitely a trading country. Japan is a country with a small territory and lack of resources. It relies on the strength of its industry, imports a large amount of energy and raw materials, and relies on the ingenuity of the Japanese to produce various industrial products and export them overseas. Then it became the second largest country in the world. big economy.
However, starting this year, Japan's trade advantages will gradually be lost. Once upon a time, at the beginning of the reform and opening up, the Chinese market was full of Japanese products, such as Japanese TV sets, Japanese washing machines, Japanese Walkmans, Japanese stereos, and Japanese air conditioners. At that time, many Chinese were proud to buy a Japanese product. However, in the past 20 years, Japanese products have been in a big ebb in the Chinese market. Today, when you buy white and black appliances, would you choose Japanese brands? When you buy a mobile phone and computer today, would you choose a Japanese brand? Not only do you no longer choose, even the Japanese may no longer choose.
Today, there are still a large number of Japanese products in the major supermarkets in Japan, and of course there are still many confused Chinese who want to buy a Japanese electrical appliance when they travel to Japan. However, Chinese electrical products have already entered the Japanese market, and there is another product that will shine in China in the future. what? car.
To be honest, as of today, Japan's last economic pillar is probably its automobile industry. Anyway, Japanese cars sell quite well in China, in North America, and even in our country. But how long can this day last? We have often told you before that the Japanese seem to have clicked the wrong technology tree again. He has not caught up with the wave of electric vehicles. For example, the time for Japanese auto companies may only be ten or fifteen years. Estimates are a bit long. Why? Because China's electric vehicles are also preparing to aggressively attack the Japanese market.
We have talked with you before that my country's auto exports have reached a new level in just two years. Last year we surpassed South Korea, this year we surpassed Germany, and next year we are likely to surpass Japan. And we will sell our products to the core area of Japan. Japan is the kingdom of cars. Japan has produced a large number of cars and sold them for decades. But do you know what kind of car the Japanese like most?
Many Chinese who come back after traveling in Japan will say, it is very strange that Japanese people buy cars differently from us. What do you think we Chinese people are after when we buy cars? Pursuing luxury and bigness, he can't sell hatchbacks but sedans. That suv has become more and more popular over the years. However, Japanese people are particularly willing to buy some miniature cars when buying cars, which are called kcar light cars. What does that mean? Its displacement is only about 0.5, 0.6, and 0.7. We used to pursue large displacements of 2.5 and 3.0 at every turn. On the other hand, the design speed of these cars does not exceed 100 kilometers per hour. In fact, these cars look like a small matchbox from a distance, square and square, without any aesthetic feeling. But the Japanese like this kind of car, and almost every household in Japan who owns a car likes to buy this kind of car.
Why? On the one hand, the reason is that Japan itself is a small country. Friends who have traveled to Japan know that the streets in Japan are very narrow, and it is difficult for people to walk, let alone drive. At this time, if you build a large suv, which is more than two meters wide, it is very inconvenient. It is not as convenient as this light mini car. On the other hand, to be honest, Japan has indeed been rich for decades, and people's consumption is relatively rational. For ordinary people in Japan, my car is a means of transportation, and I pay more attention to its practical effect when buying a car. And your small displacement has low fuel consumption, and my maintenance cost is also low.
Especially why is it designed to be square without any streamlines? It's really not beautiful enough, but it can hold a lot of things. So the aesthetics of Japanese cars is really different from ours. However, these light cars in Japan may encounter a strong competitor in the future. Who will it be? my country's electric mini-car. Over the years, my country's electric vehicle industry has developed greatly. Yes, we have many new car manufacturers with hundreds of thousands of dollars that can rival Tesla, but ordinary people also buy a lot of extremely cheap miniature electric vehicles. How cheap is it? You can buy one for more than 30,000 yuan, and you can buy a top-end model for less than 40,000 yuan. This is the lowest price for us!
Earlier, a car manufacturer in Japan bought a light electric vehicle from Wuling Hongguang, and disassembled it for reverse engineering. As a result, a study said that they believe that the profit of a complete vehicle of this Wuling Hongguang car is only 88 yuan, which is still based on the premise of China's labor costs and production supply chain. Japan can't make it at all. Nissan produced a similar car and he would sell it for 70,000 to 80,000 yuan.
So think about it, how big is the spread! Wuling Hongguang has now been researching in Japan and is about to kill it. Wuling Hongguang's overseas production line has already produced left-hand drive vehicles, which are specially supplied to the Japanese market. Some Japanese companies even said during the survey that our company used to give this employee this commuting fee, and sometimes they also paid a taxi fee when they got off work very late. We all know that it is very expensive to take a taxi in Japan, and it is not worth a few hundred yuan. So when I heard that Wuling Hongguang in China is so cheap, after calculation, they said that it would be like this. It only costs more than 30,000 RMB for one person. What's more important is that this is still an electric car, and setting up a charging pile at home will even save fuel.
In the past, the Japanese bought this kcar light car because of its low displacement, 0.5, 0.6 displacement, how much fuel can it consume per 100 kilometers? It's all right now, it doesn't even consume oil, it only consumes a little electricity. With this huge cost advantage, I estimate that Wuling Hongguang will definitely sell well in Japan in the future.
In fact, after so many years of development, how many people are still superstitious about Japanese products? Even the Japanese themselves are gone. Once upon a time, Japan’s mobile phone industry was also very strong. Some people even said that Japanese people like Japanese mobile phones, and you can’t sell mobile phones from other countries. But now everyone sees that Japanese mobile phones still have their living space? There are none in Japan, especially the automobile industry. Perhaps the development of the automobile industry is faster than each of us imagined. One day we will occupy Japan, the old nest of Japanese cars. So is the Japanese auto industry really collapsed?
