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Automotive Market Shifts: China's Rise, Lithium-ion Batteries, and Legal Settlements
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China's automotive market share doubles in Thailand, driven by the growth of EVs, while Japanese automakers suffer. EAM plans to establish global supply chain for lithium-ion batteries, aiming to reduce reliance on China. Denso, a key Toyota supplier, lowers earnings forecasts due to additional costs. Tesla settles a lawsuit over hazardous waste mishandling in California.
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How might China's growing dominance in the global automotive market impact the strategies and market dynamics of other automotive players?
What are the potential implications of EAM's plans to establish a global supply chain for lithium-ion batteries on the automotive industry, particularly in terms of geopolitical and environmental sustainability?
What measures can companies like Denso and Tesla take to mitigate the impact of environmental violations and legal challenges on their reputation and business operations?
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