With the proliferation of new crown pneumonia epidemic, not only for China’s auto industry has brought the crisis on China’s neighboring Japan and South Korea also caused a great impact. Currently, Japan and Korea have introduced many policies to protect automobile industry.
1 trillion won bailout the auto industry
Korean automaker dependent on Chinese production of parts South Korean government has decided to simplify customs procedures in order to shorten the wiring harness and other import-related parts procurement time. The production of auto parts to China 24-hour customs clearance and minimize paper submission and screening. South Korea plans to persuade local governments to mobilize including the use of embassy relations, Chinese parts factories restart as soon as possible.
At the same time, forced the demand for spare parts, the South Korean government has suspended 52 hours a week working system, and 1 trillion won of emergency funds for 350 parts suppliers in Korea R & D and production.
In addition, the Korean government is also considering reducing the personal automobile consumption tax, to promote their automobile consumption.
after the 
epidemic, China or through subsidies to boost auto market
According to China Association of Automobile Manufacturers forecast, due to the impact of new crown pneumonia, resulting in sales in approximately one million new car was delayed. The association said some manufacturers have been trying to raise funds to deal with the epidemic. The impact of new crown pneumonia on China’s auto industry will be greater than SARS.
The Chinese government is considering expanding the electric car subsidies to boost domestic consumption. In January, China’s electric car sales fell 54 percent year on year. Ever since last year to reduce subsidies since, China’s electric car sales have declined for six consecutive months, due to the recent popularity of the new crown pneumonia, a large decline.
In this regard, China Industry and Information Technology said last month, will further examine the new energy vehicles subsidy policy to promote automobile consumption.
Japan’s auto industry task force set up
Japan governmentIn the House Economic save establish a separate task force. This is to minimize the damage after the new crown pneumonia automotive industry. Here, the Japanese car manufacturer Toyota, Honda and Nissan are working together to participate.
METI has decided to set up a special working body to share information about the current situation and countermeasures. However, the Task Force concrete plan of action is currently unknown.
automotive industry production in Japan and South Korea also similar interrupt, because of China’s auto parts supply problems. Many brands have already announced that the plant will resume operations on December 17, but has slowed down the speed of production or appeared in the case of cuts.