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BYD breaks into Toyota-dominated Japan as EV sales climb

Baua Electric

According to the latest sales data, BYD accounted for nearly 3% of Japan’s EV market in the first half of 2024. 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.

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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 Japanese automaker’s global sales are down 0.9%

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ZEEKR (ZK) is planning EV showrooms in Japan ahead of market entry in 2025

Baua Electric

Chinese EV automaker ZEEKR continues its global expansion, recently relaying plans to sell its vehicles in Japan. The brand is reportedly establishing showrooms in at least three regions of the country ahead of the start of BEV sales next year. FTC: We use income earning auto affiliate links.

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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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Big Auto is begging governments to let them go bankrupt as Chinese EVs loom

Baua Electric

The auto industry is electrifying, and all new cars will be electric in the relatively near future. And yet, the auto industry – which is responsible for more pollution than any other sector, at least in rich countries – still lobbies to worsen emissions reduction targets, even when those targets were already pushed back to begin with.

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Tesla executive hopes to have Cybertruck on sale in Canada soon

Teslarati

— Rohan Patel (@rohanspatel) February 24, 2024 The statement comes just as the Canadian International Auto Show comes to a close, at which the Cybertruck and other Tesla vehicles were shown on display. The post Tesla executive hopes to have Cybertruck on sale in Canada soon appeared first on TESLARATI.

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Panasonic’s battery unit misses annual profit estimate – ET Auto

Baua Electric

Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV battery capacity last year, according to data from consultancy Counterpoint Research. It has a plant in Nevada and has broken ground on a second one in Kansas, which would take its auto battery capacity to 80 gigawatt hours (GWh) a year.

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