Toyota sources electrical steel sheet from China Baowu Steel
2020-07-15 17:10:05 [Print]
Toyota Motor will procure some of its electrical steel sheet from China Baowu Steel Group, China's largest steel supplier, in a move that could presage an era in which Japanese steel-makers will have to compete on price as well as quality.
Toyota has not only approved the quality of China Baowu's steel sheet for use in hybrid and electric vehicles made in Japan, it is already taking delivery of the product. It is believed to be the first instance in which a major Japanese automaker is using electrical steel sheet made by a Chinese company in passenger cars built in Japan.
Toyota has not only approved the quality of China Baowu's steel sheet for use in hybrid and electric vehicles made in Japan, it is already taking delivery of the product. It is believed to be the first instance in which a major Japanese automaker is using electrical steel sheet made by a Chinese company in passenger cars built in Japan.