Toyota’s production falls for the first time in 4 years as slow EV shift proves costly

Japan’s largest automaker is struggling as low-priced Chinese EV makers, like BYD, continue gaining an edge. Toyota’s global output fell for the first time in four years in the first half of 2024. Is the company’s slow shift to EVs to blame? Toyota’s global output drops amid slow EV shift It’s no …

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Toyota’s production falls for the first time in 4 years as slow EV shift proves costly

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