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Toyota plots new EV battery plant to fend off incoming BYD, low-cost Chinese EVs

Baua Electric

Toyota is planning to build a new EV battery plant on Japan’s “Silicon Island” to keep pace with BYD and other incoming Chinese electric car makers. Although Toyota has been one of (if not the) biggest laggards in the global shift to electric cars, the Japanese automaker realizes it needs to compete with Chinese EV makers like BYD.

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BYD breaks into Toyota-dominated Japan as EV sales climb

Baua Electric

BYD launched its first EV, the Atto 3, in Japan in January 2023. A year and a half later, the Chinese automaker is already making a big statement as it cuts into Japan’s hard-to-crack auto market. BYD led the charge in Japan as EV sales continued climbing. 14 on Japan’s auto importer list.

Japan 52
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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s global sales fell over 5% last month, partly driven by the impact of BYD’s price cuts in key markets like China, Southeast Asia, and even Japan. Although demand remained strong in North America and Europe, pressure in Japan and China led to fewer sales. The Chinese EV maker is now No. from June 2023.

BYD 52
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China become the sector’s biggest car exporter in Q1 2023, surpassing Japan

Baua Electric

Within the first quarter of this 12 months, China surpassed Japan and Germany to transform the sector’s biggest car exporter for the primary year, exporting a complete of one.069 069 million automobiles. Additionally, from January to April this 12 months, Chinese language automobile firms exported a complete of one.37

Japan 52
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China exported greater than 2 million automobiles in first part of 2023, BYD and Chery grew quickest

Baua Electric

million automobiles, a year-on-year building up of 75.7%, in keeping with the China Affiliation of Car Producers (CAAM). million passenger automobiles had been exported, an building up of 88.4% year-on-year; 534,000 fresh power automobiles had been exported, a year-on-year building up of 160%. Extra particularly, 1.78

Chery 52
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AlixPartners outlook warns of Chinese language EV pageant, ‘ICE melting’

Baua Electric

Chinese language manufacturers will most probably outsell international manufacturers in that nation in 2023 for the primary past in fresh historical past. of the Chinese language passenger automobile marketplace through 2030. of the Chinese language passenger automobile marketplace through 2030.

Chinese 52
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CCID Consulting estimates upsurge in aluminum for automobile bodies in China if technical breakthroughs in alloy performance and application technology are made

Green Car Congress

China-based and -focused CCID Consulting estimates that the China passenger vehicle market will need at least 1.802 million tons of aluminum sheets annually, assuming that aluminum replaces 15% of the steel used in automobile manufacturing by 2015. Specifically, CCID says, aluminum sheets for automobile body will be the most promising sector.