Toyota bets on financial discipline to survive China’s EV onslaught
Incoming chief executive vows to eliminate ‘any wasteful penny’ in battle with Chinese rival carmakers
Related reading
BYD profits battered by China’s brutal EV price war
Tesla rival boosted by higher-margin exports as domestic competition intensifies
Can China stop its EV price wars?
Carmakers fear falling behind on scale and technology even as profit margins drop and officials lambast extreme discounting
BYD predicts car brand clearout in China as Beijing cracks down on discounting
About 100 automakers need to be ‘pushed out’, says world’s largest electric-vehicle producer
BYD profit falls 33% as Chinese EV maker doubles down on overseas markets
Analysts expect car group to unveil string of technological breakthroughs to combat slowdown in growth
BYD brings EV price wars to small cars in Europe
EU tariffs may limit discounting but Chinese carmakers will appeal to consumers with advanced technology
VW profit rebound in doubt as Chinese rivals pose ‘existential threat’
Analysts warn Europe’s largest carmaker may struggle to lift margins despite historic restructuring