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 Toyota EV Struggling in China, Dismisses ~ 1000 workers

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caviars
post Jul 29 2023, 10:43 AM

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They are behind because they were betting on another version of NEV.

Now trapped in dilemma, don't know what to do.

Not much development in ICE. Keep recycling old tech.
Some development in HEV. But now losing ground to BEV since governments are giving more incentives to BEV.
Way behind in BEV development. Struggle to keep up with price cut from competitor.
Ahead in hydrogen development. But lack infrastructure and nobody buying it.



 

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