Japan's earthquake in Japan resulted in the automobile industry has been badly hit, the affected counties is just an important automobile production bases in Japan, and many core components of the enterprise is also in the earthquake affected areas.

    It is reported that three Japanese car firms Toyota, Honda and Nissan have announced cut-off after the earthquake. Among them, Toyota Motor, said on March 14, the company's 12 factories in Japan to stop three days (three days after the measures have not yet decided), the shutdown will affect vehicle production is estimated at 40,000. The Honda Motor announced that from March 15 until the 21st to suspend all Japanese factories, cut will result in loss of 27,000 auto production. It is reported that the impact of this earthquake has already begun production by Japanese automakers overseas spread to the Japanese car exports. Market participants pointed out that the Japanese automotive vehicle production and parts supply will be the impact of short-term stagnation of the global automotive market, supply and demand pattern and the matching system. But from another perspective, Japan's exports dropped or good domestic car companies with export business and the corresponding support of the domestic parts enterprises.

    AJ Securities auto industry analyst with Tommy this more cautious view. "While most Japanese auto companies have joint ventures in China, local production in China, but the engine, gearbox and other parts still need the core assembly and assembly imported from Japan, and the parts supply would damage the earthquake, the short term factories closed and shipping disruption to domestic joint venture vehicle production will be adversely affected. In addition, although the Japanese auto imports would be affected, but I think both the domestic market or foreign markets, the ability of domestic enterprises with poor substitute, because of our own brand appeal is not strong, and exports is very small. "

    According to statistics, by 2010, China imported cars from Japan was 25.3 million vehicles, Japanese cars accounted for nearly one-third of the proportion of imported vehicles; and the amount of goods imported cars is as high as 18.1 billion, accounting for goods imported cars to 31% of the total . "While the short term, the earthquake will reduce Japan, including China's auto exports in other international markets. But German Department, the U.S. Department of Korean series cars may be greater benefit from some additional market share will increase.

    China Merchants Securities analyst reports, the Japanese auto parts industry because of earthquake damage in the short term to reduce exports, the resulting supply gap to the procurement system has entered the global auto parts manufacturers of domestic opportunities. However, the analyst, who declined to name it clear to reporters, said: "I think in the automotive industry, domestic no comparison. Vehicle would not have said that some parts can replace a problem. Because of domestic products are mainly middle and low level, from the current situation, the domestic luxury car imports are the main import substitution unrealistic; and parts supply, in addition to supporting the export of European and American companies or parts of China will benefit, the local car companies in Europe and America South Korea and other countries more willing to choose the stronger parts suppliers. "

    FAW press call as an investor rich dimension, on behalf of its securities on rapid effects that are not necessarily positive. "Japan is the production of automotive electronic components upstream of the more important, we do not produce, we just produce auto parts, but also domestic demand-based, should have nothing to say and alternative." And FAW Car, a high-level said hard to say. "We mainly do the vehicle, the current production is relatively stable and not be greatly affected; and our co-brand enterprises, and Japan, by some impact, but is not."

    Although the domestic industry in Japan earthquake brought a certain amount of alternative opportunities, but from the perspective of industry chain, the Japanese in many areas, not only to control the core technology, but also hold the most profitable industrial chain link, to most of the rest of the world market, leaving only the joint-venture assembly plant part of the profits. Director of the National Academy of Social Sciences Institute of the Japanese economy Bai Yimin it clear that the Japanese consortium building the "flying geese formation", that is, as the geese head to local enterprises to master the upper reaches of the products and technologies; followed by South Korea and Taiwan of China, mainly Japanese technology to do matching; finally play in mainland China by the "wild goose tail" role, as "Japan" to do assembly, the most downstream in the industrial chain. From this perspective, the Japanese earthquake damage local industries, inevitably spread to the lower reaches, especially in some factories in mainland China, and Japan has created unparalleled high-end research technology, but also to the so-called substitution effect is not so simple Therefore, China's enterprises should be in a good position in the industry chain as well as import substitution, there is still a long way to go.