The fierce price war sweeping China’s EV market is likely to persist for years, with the impact to be felt by foreign carmakers which will see their market share shrink, Leapmotor co-president Michael Wu says.
Toyota Motor Corp.'s small-car unit, Daihatsu Motor Co., resumes operations at all of its assembly plants in Japan, more than four months after it halted domestic production due to safety test rigging.
Toyota EV Sales: As global demand for battery-powered EVs has slowed, Toyota has cashed in by selling more hybrids, which come with relatively higher margins than regular gasoline cars.