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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. Despite growth in Europe (+2.7%) and Latin America (+6.5%) last month, Toyota’s sales were hit hard in Asia, its biggest market. from June 2023. Last month, Toyota’s sales fell 7.2%

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BYD surges past Honda and Nissan’s sales for the first time, targets Ford with low-cost EVs

Baua Electric

With low-cost EVs hitting key global markets, BYD is quickly catching up to Ford. After launching in key markets like Mexico, Brazil, Japan, Europe, Thailand, and other Southeast Asian countries, BYD is already a leading EV brand. Honda plans to halve capacity in Thailand, where BYD is already emerging as a market leader.

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BYD overcomes China’s intense EV price war as record car sales lead to Q2 profit surge

Baua Electric

BYD store in Thailand (Source: BYD) BYD opened its first plant in Thailand, a key auto hub and growing EV market, last month. BYD Shark PHEV pickup (Source: BYD) With BYD already among the leading EV brands in Mexico, entering Canada could drastically shake up the North American auto market.

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BYD EV sales grew nearly 50% in January as exports reached a new high

Baua Electric

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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BYD is now shipping its own EVs as first cargo ship heads to Europe

Baua Electric

The company said it will “ensure BYD’s rapid delivery and expansion of overseas markets.” 1 (Source: CIMC) Expanding around the globe with new models The EV leader is rapidly expanding into new markets. BYD is already a leader in key auto markets like Thailand , Brazil, and Columbia. The BYD Explorer No.

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BYD confirms Shark electric pickup name as Ford F-150 Lightning rival in latest teaser

Baua Electric

A new electric pickup is coming to global markets. Its DMO super hybrid off-road platform, used for the Fang Cheng Bao Bao 5, is designed for off-road PHEVs. A BYD spokesperson confirmed to Electrek that its first electric pickup will be a mid-to-large size model developed for global markets.

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Mitsubishi to debut eight xEVs in next five years: hybrids, plug-in hybrids, EVs

Green Car Congress

Mitsubishi Motors Corporation (MMC) plans to introduce eight hybrid (HEV), plug-in hybrid (PHEV), and battery-powered (BEV) models by fiscal year 2015 in anticipation that demand for low-carbon, fuel-efficient automobiles will expand worldwide.