Industry News3 Min Read RainManonJuly 25, 2023 Toyota’s JV with GAC cuts about 1,000 jobs as Japanese carmakers fall behind in China’s EV sector In June, NEV penetration rate was 58.8 percent for China's local car brands, 30.9 percent for luxury brands and just 3.7 percent for…
Industry News3 Min Read RainManonFebruary 9, 2023 Toyota cuts bZ4X electric SUV price in China by $4,420 This comes just four months after the bZ4X officially went on sale in China on October 10, 2022.
Industry News1 Min Read RainManonJuly 26, 2021 GAC Toyota’s NEV project with annual capacity of 200,000 units goes into operation The first phase of GAC Toyota's new energy vehicle capacity expansion project went into operation Sunday, with an expected annual capacity of…