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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.

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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.

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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. We will keep an eye on that announcement tomorrow and report back.

Japan 52
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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.

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 Japanese automaker’s global sales are down 0.9%

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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
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Roskill: Yahua-Tesla deal indicative of increasing capability and numbers of Chinese lithium convertors

Green Car Congress

Until recently, there have been only five Chinese mineral-based convertors supplying or scheduled to supply battery-grade lithium hydroxide to the overseas market: Ganfeng Lithium, Tianqi Lithium, Zhiyuan Lithium, General Lithium, and Yahua Lithium.

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