Toyota is delaying the launch of its next wave of EVs as it introduces new tech that promises to cut costs and speed up production.
I assume the competition is very stiff out there.
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Toyota, Honda, and Nissan reported underwhelming earnings in the most recent quarter, partly because of slumping sales in China.
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Japanese automakers, which have prioritized hybrids, are facing pressure from China’s EV giants like BYD.