Japanese Automakers Forge Extensive International AlliancesWith economic globalization, Japanese automobile manufacturers have rapidly adapted to the needs of individual markets, not only by shifting production to those markets but also by forging extensive alliances with overseas manufacturers. Various forms of partnership currently exist among Japanese, U.S. and European automakers—including capital and technical tie-ups, joint R&D and production operations, and cooperative sales ties—and such arrangements are expanding yearly. With the rapid growth of motorization in China and Southeast Asia, Japanese automakers have been actively building relationships with local manufacturers there on the basis of capital tie-ups and the supply of production as well as environment- and safety-related technologies. At March 31, 2020 Note: In principle, the tie-ups shown above cover only technical cooperation related to motor vehicle production and exclude sales tie-ups.YamahaEV C.A. SpiritHondaDaihatsuToyotaHinoSubaruIsuzuSuzukiNissanMazdaUD TrucksMitsubishiNMKVMitsubishiFusoJapanSource: Japan Automobile Manufacturers AssociationGlobal OperationsGlobal Industry Ties0.3%equitystake4.9%equitystake50% equity stakeMutual supplyof CVs90% equity stakeMutual supply offinished vehiclesJoint development;Technical cooperationMutual supply of finished vehicles;Technical cooperation0.2% equity stake;Supply of finished vehicles in IndiaSupply of CVsSupply of CVsMutual supplyof CVsJoint venture inbus businessJoint technologydevelopment for EVsSupply offinished vehiclesSupply offinished vehicles3.6%equity stakeandbusinesstie-upSupply of50cc-&-under “scooters”Mutual supply offinished vehicles100% equity stakeSupply offinished vehiclesSupply of CVs50.1% equity stake20% equity stakeTechnical cooperationSupply offinished vehiclesJoint development andtechnical cooperation for EVs and sports cars5% equity stake34% equity stakeSupply ofCVs50% equity stake5.1%equitystake;Supply of CVs51
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