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China’s Growth Now Relies on Auto Sector Performance

A supply chain news channel survey evaluates and ranks the technological and automotive supply chains of 5,000 enterprises in countries like China, Japan, South Korea, Taiwan, Thailand, Indonesia, Malaysia, and India.

The study focuses on financial metrics such as revenue and net profit, primarily focusing on the technological and automotive supply chains within significant Asian economies. There is a significant concentration of the top 250 companies in the East Asian region; China (42.8%) has the highest concentration with 107, followed by Japan (29.6%), with 74, Taiwan (14.8%) with 37, and South Korea (8%) with 20.

The rankings have shifted significantly in the past three years, indicating China’s upward momentum and Japan’s decline. Japan’s overall revenue in 2022 decreased by 3.9% year-on-year, primarily due to shortages in semiconductor components and late adoption of EVs.
China’s growth is dependent on the solar energy and EV sectors.

The EV market is expected to penetrate over 30% globally by 2025, providing China with an opportunity for revenue growth exceeding 20%. China has become the largest EV market, backed by generous government support. The survey highlights China’s dominance in supply chains, surpassing Japan, Taiwan, and South Korea.

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