Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect
Baua Electric
JULY 30, 2024
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. 14 among Japan’s top auto importers, up from 19 last year.
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