Third in a series
The news that BYD Co., a Chinese car and battery maker, had taken over a factory from Japanese metal die maker Ogihara Corp. in April came as a shock to the domestic auto industry.
For decades, Japanese automakers had believed they enjoyed a competitive edge honed by their superior technology and partnerships with precision parts makers. The takeover by BYD, which was backed by U.S. billionaire Warren Buffett, was seen as a sign that Chinese firms had arrived technologically and that China was in fact becoming an economic superpower.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.