Remove Chinese Remove Global Remove Japan Remove Sale
article thumbnail

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

Electrek

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.

Price 143
article thumbnail

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

Electrek

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.

Japan 97
article thumbnail

BYD raises its annual sales target: Morgan Stanley report

Teslarati

BYD raised its annual sales target, reported Morgan Stanley in a note dated September 9. BYD recently increased its 2024 annual sales target to 4 million units. The Chinese automaker attributed its positive outlook to a surge in plug-in hybrid sales, but its electric vehicles (EV) sales aren’t too shabby either.

BYD 101
article thumbnail

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%

BYD 52
article thumbnail

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. However, that has not been confirmed yet.

Japan 52
article thumbnail

India stays No. 3 spot in global car sales but Japan fast closing the gap | Autocar Professional

Baua Electric

3 position, Japan made a resounding comeback in 2023, registering growth of 14% growth in 2023 as against India’s 8 percent. Japan ended the year a shade below 4 million units, whereas India sold 4.11 From the sizeable difference of 344,058 PVs in CY2022, Japan has reduced the gap with India sales to 115,929 units in CY2023.

India 52
article thumbnail

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.