Motives behind Sino-Japanese strategic alliances in the new energy vehicles sector in the age of the Belt and Road Initiative

Several Chinese companies have emerged as global competitors in the non-traditional automotive industry and have become attractive partners for foreign firms in high-technology development. To identify the motives behind such strategic partnerships in the new energy vehicle industry, we combine dyna...

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Bibliographic Details
Published in:Asia Pacific business review 2024-03, Vol.30 (2), p.274-299
Main Authors: Dzienis, Anna Maria, McCaleb, Agnieszka
Format: Article
Language:English
Subjects:
Alliances
Case studies
China
Companies
Competitors
dynamic capabilities
Energy
Foreign companies
institutional approach
international strategic alliances
Japan
Joint ventures
Motor car industry
Neutrality
new energy vehicles
Partnerships
Public policy
Roads & highways
Technology
Ventures
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Summary:Several Chinese companies have emerged as global competitors in the non-traditional automotive industry and have become attractive partners for foreign firms in high-technology development. To identify the motives behind such strategic partnerships in the new energy vehicle industry, we combine dynamic capabilities with institutional factors of both national and emerging regional levels generated by the Belt and Road Initiative. Case studies of BYD, SinoHytec, Hino, and Toyota's joint ventures reveal that besides pursuing complementary technology, firms are being pushed into NEV production by government policies targeting carbon neutrality while strategic alliances with Chinese companies may yield facilitated access to BRI projects.
ISSN:1360-2381
1743-792X
DOI:10.1080/13602381.2022.2093533