As Japan’s auto industry is said to be going through once-in-a-century changes, more auto parts makers are exploring new business opportunities in other sectors.
Because demand for traditional components is likely to decline with the increased electrification of vehicles, car parts manufacturers are trying to find new business opportunities in different fields by making use of their technology.
“This is a conceptual model of a pot,” said an employee of auto parts maker Tokai Rika Co. at the Mechanical Components & Materials Technology Expo, which was held at Portmesse Nagoya in early April.