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China’s Light Vehicle (LV) market totaled 1.6 million units in April 2026, representing a sharp 24% year-on-year (YoY) decline.
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As Lexus draws closer to the magic million sales per annum mark, many though not all electric models have been put on hold.
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Toyota said EU critical partners - such as the UK - should be recognised in the same way as ‘Made in EU’ under the Industrial Accelerator Act.
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Provost made the remarks at a Brussels industry event, arguing that any EU-China automotive arrangement should prioritise greater localisation of supply chains.
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As domestic demand falters, exports continue to surge, driven by strong overseas demand for NEVs.
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New funds aimed at improving efficiency, quality, and expanding product range.
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Executive vice president Stella Li told Reuters that equipment is still being installed at the company’s site in Szeged, southern Hungary, which is set to be BYD’s first manufacturing facility in Europe.
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The stake, made through Toyota subsidiary Toyota Invention Partners, amounts to a 1% holding valued at an estimated Y1bn ($6.2m).
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Autonomous driving platform developed in partnership with Zelos.
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Chinese BEV maker looks to strengthen its aftersales ecosystem in the country.
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