Green Car Congress

JULY 28, 2015

The crude is so cheap it’s pretty much free for them, the margins are going to be massive. Given current market conditions, the Asian demand for diesel has reduced mainly due to the weakening Chinese market, while demand for gasoline is increasing in India, Pakistan, Thailand, the Philippines and Vietnam.

Saudi Arabia 150

Saudi Arabia Price Oil India 150

Baua Electric

MARCH 4, 2024

Chinese OEMs are now producing good-quality vehicles, and thanks to cheap labor, government subsidies and economies of scale, they’re able to offer these at prices no Western automaker can hope to match. It’s building factories in Brazil, Thailand, Hungary and Uzbekistan, and will soon break ground on a plant in Mexico.

New York 52

New York Chinese BYD Mexico 52

EV Central

JUNE 24, 2023

A year later Toyoda hosted the unveil of the HiLux-based Revo EV in Thailand. I’ve often said BEVs aren’t cheap but we also know that in an accelerating BEV market we have got to be competitive,” said Hanley. In December 2021 former global boss Akio Toyoda revealed 16 Toyota, bZ and Lexus EV concepts including a ute.

Australia 90

Australia Toyota Diesel Electric 90