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 Toyota EV Struggling in China, Dismisses ~ 1000 workers

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TSsenscents
post Jul 29 2023, 12:51 AM, updated 3y ago

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Japan’s largest automaker, Toyota Motor, is laying off workers in China as the company struggles to keep up in the world’s biggest EV market.

https://electrek.co/2023/07/24/toyota-falte...kes-toll-china/

Toyota struggles to keep up with the intense competition in China’s auto market, which is undergoing a significant shift towards EVs. The joint venture’s factory, which employs approximately 19,000 workers, produces various models, including Toyota’s first EV, the bZ4X, as well as the Camry and Levin models.

https://evmagz.com/struggling-in-chinas-boo...to-compete/amp/

Toyota has been counting on its electric vehicle (EV) models to revive sales in China, which fell 9% in the first six months. The company joined a price war started by Tesla in January and slashed the starting price for its bZ4X EV by 15% in February.

https://www.reuters.com/business/autos-tran...ers-2023-07-24/

End of EV for Toyota Malaysia or will they bring in the bZ4X for a lower pricing?

TSsenscents
post Jul 29 2023, 01:44 PM

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QUOTE(teslaman @ Jul 29 2023, 01:07 AM)
Would buy if available
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Thought you are Tesla man. 😃

QUOTE(azbro @ Jul 29 2023, 05:41 AM)
This you can blame the highest Management thinking against EV cars.

Now too late

Due to them, people get lay off.
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Yeah, They are the decision maker in the whole Japanese car market.

QUOTE(kons @ Jul 29 2023, 07:01 AM)
why is this in serious kopitiam?

discussion only right.

or do you need specific help on this?
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Ok. Thanks for moving to the appropriate section.

QUOTE(Avangelice @ Jul 29 2023, 09:11 AM)
No mercy for toyota. If you were looking to buy cars back in 2013 you will know they never wanna innovate their cars and leave bare bones tech until someone surpasses them then they Pikachu face
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There will be people buying old and bare bone tech because of reliability.
Hopefully it will change in the future.

 

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