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. Toyota blamed the fallout on the “challenging market environment” and “intensified price competition” in the region. BYD also recently launched its first electric MPV in Indonesia.

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Green Car Congress

MARCH 21, 2019

There are several reasons for these differences, including fuel prices, and average vehicle size. China saw new registrations of LDVs increase 17% per year in the period 2005 to 2017 while India saw an increase of 9% and Indonesia 7%. SUVs now represent nearly 40% of the global LDV market.

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Baua Electric

FEBRUARY 1, 2024

Interestingly, BYD’s all-electric vehicles are beginning to outpace its plug-in hybrids (PHEVs). BYD’s PHEV sales were up 21% to 95,715 last month. ’” Although BYD is known for its low-cost EVs like the Dolphin electric hatch and Atto 3 SUV, the brand is rapidly expanding into new segments and markets.

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Baua Electric

MAY 7, 2024

As the market matures, the industry is entering a phase marked by increased price competition and consolidation. At the start of 2023, PHEV subsidies were phased out, resulting in lower PHEV sales compared to 2022, and in December 2023, all EV subsidies ended after a ruling on the Climate and Transformation Fund.

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Baua Electric

SEPTEMBER 5, 2024

05 September 2024 Read next Monthly Market Update: BEVs record another used-car market low in August 04 September 2024 Read next Balancing the price and performance of EV batteries 04 September 2024 Read next Is the global EV market slowing down? This is particularly impressive given the market preference for large SUVs.

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