Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect
Baua Electric
JULY 30, 2024
Toyota’s sales decline in Asia comes as Chinese EV makers, including BYD’s aggressive price cuts , are squeezing foreign automakers out of the market. The Chinese EV maker is now No. BYD is launching the Sea Lion 07 , a Tesla Model Y-like mid-size electric SUV, its first pickup truck, the Shark PHEV, and luxury EVs.
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