Toyota Posts First Global H1 Sales Decline in Two Years as China Slumps 17%
Toyota’s global vehicle sales fell 2.8% year on year to 5.39 million units in H1 2026, marking the company’s first first-half sales decline in two years.
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Toyota’s global vehicle sales fell 2.8% year on year to 5.39 million units in H1 2026, marking the company’s first first-half sales decline in two years.
BYD’s Racco, a kei-class electric vehicle in Japan, secured over 5,000 pre-orders in its first week, targeting existing K-Car owners.
BYD Japan launched the Racco, its first K-Car, priced at ¥2.145 million, competing with domestic models for urban mobility.
Honda and GAC extend their joint venture until 2038, focusing on new energy vehicles and enhancing product competitiveness.
Toyota’s global sales fell 7.4% in May 2026 due to weaker overseas demand, particularly in China.
Honda’s sales in China fell sharply, highlighting challenges in transitioning to electric vehicles.
GAC Group’s April 2026 report shows increased production and sales, but GAC Honda faces significant declines.
Honda has decided to cancel three EV models planned for North America and may record up to 2.5 trillion yen ($15.7 billion) in asset impairments as it adjusts its EV strategy.
Honda is currently researching alternative procurement plans to ensure stable factory operations.
At the Japan Mobility Show, Japanese automakers unveiled new electrified concepts, yet struggled to detail powertrains, highlighting China’s EV lead.