Hyperdrive
Japan Focuses on Smart Cars as Automakers Fall Behind US, China
- Nations wants to have 30% share of global market by 2030
- More revenue to come from after-sales services as cars evolve
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Japan is strengthening efforts to get automakers to develop smart cars whose safety and entertainment systems can be managed by cloud technology, an area where they are falling behind Chinese and US rivals.
The government has set a goal of Japanese companies accounting for 30% of the market for so-called software defined vehicles, or SDVs, in 2030 — when it estimates global sales will reach 35 million to 41 million units. The Ministry of Economy, Trade and Industry will provide financial support and help nurture workers such as IT engineers by partnering with universities and launching re-skilling courses, it said.