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