Bloomberg: Electric Vehicles Push Japanese Engine Parts Makers Into Crisis Mode

As Nissan and General Motors Co. prepare to introduce battery-powered cars next year, traditional auto suppliers such as Osaka-based NTN are trying to adapt by creating new lines of business, Bloomberg reports today. ———- Right, a pile of scrapped auto engines. ———- Engine components account for as much as 40 percent of a typical car's total parts, so some suppliers are scrambling to come up with new products, Takeshi Miyao, a Tokyo-based analyst for car consultant Carnorama, told the news service. While internal-combustion engines currently power more than 99 percent of cars built globally, their share can only fall as electric cars enter the market, Miyao said. That will intensify price competition and lower profits for manufacturers. “If you're a …

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Bloomberg: Electric Vehicles Push Japanese Engine Parts Makers Into Crisis Mode

Tagged as: Nissan, Nissan Electric Cars, Nissan Electric Vehicle, Nissan Leaf, Plug-in EV, Plug-ins and Electric