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

Baua Electric

Toyota’s electrified vehicle lineup (RZ, RX, NX, UX300e) (Source: Toyota) Toyota sales hit in 1H 2024 with BYD’s EV price cuts Toyota’s sales are down by double-digits through the first half of 2024 in China (-10.8%), Indonesia (-10%), and Thailand (-15%). BYD also recently launched its first electric MPV in Indonesia.

BYD 52
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Roskill: automotive batteries and stainless steel to drive nickel demand

Green Car Congress

per year over the course of the forecast period, due to rising output in China and Indonesia. Combining these sales projections with those for PHEVs, FCEVs, LSEVs and fully-electric vehicles, Roskill expects that close to 70% of new passenger sales will have some degree of electrification by 2027.

Indonesia 170
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Nickel: The metal driving the EV revolution – ET Auto

Baua Electric

Central to this green energy transitional journey is lithium-ion (Li- ion) and other existing battery chemistries that will power the battery-led transportation ecosystem.At For plug-in hybrids (PHEVs), average nickel use was up 11% year-over-year to 6.5 kilograms per vehicle.

Li-ion 52
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade.

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How do Chinese language EV makers roll out unutilized merchandise so temporarily?

Baua Electric

Certainly one of our readers despatched me an e-mail asking how it’s imaginable that some 2-year-old Chinese language firms have already got 3 unutilized EVs at the street (Zeekr) or {that a} unutilized maker can create 7 unutilized fashions and seven facelifts in 5 years (Nio). They create PHEVs and in addition ICEs.

Chinese 40