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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. Although demand remained strong in North America and Europe, pressure in Japan and China led to fewer sales. The Japanese automaker’s global sales are down 0.9% from June 2023.

BYD 52
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MG Motor India moots new sub-Rs 15 lakh EV MPV and SUV | Autocar Professional

Baua Electric

Sources say MG Motor is set to add two new electric vehicles based on E260 EV platform that will churn out a five-door SUV and compact MPV, which are likely to be positioned below Rs 15 lakh. This new MPV will be based on the Wuling Cloud EV, which is sold in Indonesia at the moment. It is around 4.3

India 52
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Nissan and Honda unite to join global software-defined EV race, play catch up with Tesla

Baua Electric

Nissan Ariya electric SUV (Source: Nissan) Electrek’s Take With Japanese automakers being some of the biggest laggards in the auto industry’s shift to electric, it’s no surprise they are partnering up. BYD led the way, with imports surging 184% YOY, according to the Japan Automobile Importers Association. Toyota’s sales are down 0.9%

Honda 52
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Honda to step up its game with new electric motorcycles and EVs

Teslarati

At the same time, Honda plans to increase its annual sales of electric motorcycles to 3.5 Battery electric vehicles (BEVs) are particularly making strides in the global automobile business. million electric motorcycles annually, approximately 15% of Honda’s total unit sales. China: In early 2024, e:NS2 and e:NP2 will go on sale.

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VinFast’s EV plant in Tamil Nadu to open in first-half 2025 | Autocar Professional

Baua Electric

Meanwhile, construction on a new plant in Indonesia is also slated to commence within the next couple of months. In Indonesia, VinFast announced plans, in September 2023, to invest US$ 200 million (about Rs 1,658 crore) in an assembly plant with an annual capacity of up to 50,000 EVs.

Vietnam 52
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Hyundai Motor Group to invest $87B over next 5 years; 44 electrified vehicles; new EV development system; hydrogen plans

Green Car Congress

It will streamline operation networks and introduce new sales methods, while securing a flexible production system that can respond to the fluctuating global demand. We will push for open innovation that accommodates diverse capabilities outside the company.

Hyundai 284
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VinFast’s (VFS) global EV dealer network grows following new agreement in Middle East

Baua Electric

Since parent company VinGroup opened up its automotive arm in Vietnam, we’ve witnessed VinFast continue to expand to new markets, including Indonesia, the US, Canada, Europe, and most recently, India – all while unveiling more all-electric models like the VF 3 compact SUV and an electric pickup concept called the Wild.

Dealers 52