Etiqueta: toyota

Electric Vehicle automakers are witnessing turbulent times as price wars cripple profits. To offset losses, companies are looking to expand to regional markets of Southeast Asia. BYD becomes the latest EV company to open an EV factory in Thailand, marking its first expansion in Southeast Asia. Earlier, South Korea's Hyundai Motor Group and LG Energy Solution inaugurated Indonesia's first battery cell plant for EVs with an annual capacity of 10 Gigawatt hours (GWh) of battery cells.

We expect BYD to significantly expand its market share in the foreseeable future. Read more to see our analysis of BYDDF stock and why it is rated as a Sell.

Ford’s CEO Jim Farley offered more details about the automaker’s entry-level EV, which is expected to start at $30,000 and be profitable within 2.5 years.

BYD plant in Uzbekistan commenced production earlier this year and recently celebrated the rollout of its first vehicles from the assembly line.

Toyota is planning to launch the first electric car model equipped with an advanced autonomous driving system similar to Tesla's Full Self-Driving for the Chinese market next year, one of its Chinese joint ventures said.

Cambodian Prime Minister Hun Manet said BYD – a publicly listed Chinese multinational manufacturing company – has intended to open an automotive assembly plant in the Kingdom.

Automotive Industry, encompassing PV, LCV, and MHCV, size is projected to grow from 88 million units in 2024 and is projected to hit 104 million units by 2030, at a CAGR of 2.4%, according to a new report by MarketsandMarkets. The growth of the automotive industry is influenced by various factors such as adoption of electric vehicles, development and manufacturing of long-range batteries along with installation of fast and ultra-fast charging points, introduction of autonomous vehicles, deployme

Toyota's global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp. In China, production fell 22%. The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the U.S. and Japan saw output grow.

All-new Inster is Hyundai's smallest EV, and priced around $40,000 will rival the GWM Ora, BYD Dolphin, MG4 and MG ZS EV as Australia's cheapest electric car

China’s leading automaker, BYD, is taking on Toyota in its home market. As it expands into Toyota’s territory, BYD launched...