[Thinking Power] Will Toyota tread in SEIKO’s footsteps?
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Now, the theme for this time is“Will Toyota Follow in SEIKO's Footsteps?”.
When you think of SEIKO watches, they once led a generation in popularity.
In particular, the technology of mechanical watches is still arguably the best in the world today.
However, at one point, a major turning point hit the watch industry.
The invention of quartz technology.
Using crystal oscillators, advanced mechanical watch technology was no longer necessary.
As a result, companies like CASIO entered the market, and low-priced watches flooded the world.
Swatch, too, is one example of this.
As a result, SEIKO significantly lost market share.
＜Innovation in the Automotive Industry＞
A similar thing is happening now in the automotive industry.
The shift from gasoline-powered cars to electric vehicles.
Because it is environmentally friendly, this trend seems irreversible.
While gasoline engines are built from nearly ten thousand precise parts, electric cars run on motors.
If it is a motor, you don’t need so many parts.
This is a technology that even toy makers and electronics manufacturers can enter.
As a result, many manufacturers can enter the automotive industry.
In fact, Dyson, famous for its vacuum cleaners, has announced its entry.
Japan's gasoline vehicle technology may become obsolete.
Note) The above reflects my personal views and is intended solely to improve financial literacy. Therefore, it is not created for investment solicitation. The final investment decisions should be made at your own risk.
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