Etiqueta: toyota

As BYD slashes prices again, automakers, regulators, and suppliers react sharply, warning of unsustainable tactics and long-term market risks

Leading global plugin car brand BYD has announced fresh plans to deploy 15,000 megawatt charging stations across China.

‘Kei’ car launch next year by China’s leading electric vehicle maker seen as ‘black ship’ moment for country

WASHINGTON (Reuters) -Global auto executives are sounding the alarm on an impending shortage of rare-earth magnets from China – used in everything from windshield-wiper motors to anti-lock braking sensors – that could force the closure of car factories within weeks. In a previously unreported May 9 letter to Trump administration officials, the head of the trade group representing General Motors, Toyota, Volkswagen, Hyundai and other major automakers raised urgent concerns. "Without reliable access to these elements and magnets, automotive suppliers will be unable to produce critical automotive components, including automatic transmissions, throttle bodies, alternators, various motors, sensors, seat belts, speakers, lights, motors, power steering, and cameras," the Alliance for Automotive Innovation wrote the Trump administration.

Toyota's partnership with BYD on the China-exclusive bZ5 electric crossover demonstrates Toyota's strategic effort to understand BYD's cost-effective EV production, offering a competitively priced vehicle that could potentially succeed in the US.

BEIJING (Reuters) - Tensions between two of China's largest automakers erupted into the open on Friday when a BYD executive slammed as alarmist comments by the chief of Great Wall Motor that called the industry "unhealthy". Shares in Chinese automakers such as BYD, Nio and XPeng tumbled this week after the chairman of Great Wall Motor, Wei Jianjun, worried openly about China's deepening price war

BYD's brand chief refuted recent allegations based on metrics including debt ratio, total debt, and payment cycles to suppliers.

Chinese automaker BYD plans to enter the Japanese market with a compact electric kei car. Recently seen on Japanese roads, the EV meets Japan's strict kei car standards and may launch by 2026. Japan's kei car market remains tightly guarded by unique rules. Known as "keijidōsha," these vehicles must stay under 3.4 meters long, 1.48 meters wide, and ...

Stable market in April and throughout 2025 so far

BYD rewrites electric vehicle market rules. On May 17, the Chinese EV maker launched the mid-size sedan e7 priced below 15,000 USD, surprising the industry. The e7 offers a range up to 520 km (323 miles) per charge. Industry experts praise BYD’s strategy of boosting price competitiveness by cutting premium features. The new e7 joins BYD’s e series ...