May 20 (Reuters) - Japan and the Association of
Southeast Asian Nations (ASEAN) plan to create their first joint
strategy on automobile production and sales within the Southeast
Asian bloc to counter China's increasing presence in the
electric vehicle market, Nikkei newspaper reported on Monday.
The aim is to draw up an interim joint strategy through
around 2035 when the economic ministers of Japan and ASEAN
members meet as early as next September, Nikkei reported,
without citing any source.
The joint strategy is expected to entail cooperation in
personnel training, decarbonization in production, mineral
resource procurement, and investment in next-generation fields
such as biofuels, Nikkei said.
Japan intends to tap the 140 billion yen ($899.51
million) that its Ministry of Economy, Trade and Industry
secured in the budget for assistance to the Global South, for
personnel training, the report said.
Last week, Japan's Honda Motor ( HMC )
pledged
to double its electrification and software investment to
about $65 billion through fiscal 2030, as it faces growing
competition from a raft of Chinese automakers, including BYD
.
($1 = 155.6400 yen)