BYD Subsidy in Japan Slashed by Over Half, Toyota bZ4X Gets Nearly 10x Support
Japan cuts BYD EV subsidies by over 50% to 150,000 yen ($939), while domestic models like Toyota bZ4X retain up to 1.3 million yen ($8,190), widening the competitive gap.
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Hyundai Motor Aims to Double China Sales to 500,000 Units
Hyundai aims to double Chinese sales to 500,000 units while launching 20 new models over five years.
China NEV Passenger Car Share Hits 62.8% of Global Market in January
In January 2026, Chinese-branded new energy passenger vehicles accounted for 28.3% of overseas sales, up 7.5
Hyundai Adds China-Built Elexio to Australian EV Lineup for Q1 2026
Elexio is priced at AUD 59,990 ($40,200), directly competing with the BYD Sealion 7, Kia EV5 and Tesla Model Y in the mainstream electric SUV segment.
China Lifts Global Auto Sales as Market Share Hits 40% in Nov
China sold 31.08 million vehicles in the first 11 months, up 11% year on year, accounting for 35.4% of global sales.
Geely-backed Zeekr Signs Four Korean Dealers in Push into Premium EV Market
Zeekr’s first model for the South Korean market is expected to be the Zeekr 7X, a mid-size all-electric SUV positioned against the Hyundai Ioniq 5 and Kia EV6.
Hyundai Allegedly in Autonomous Driving Tech Talks with XPeng
If this Chinese partnership materializes, Hyundai will build a global autonomous driving tech network centered on the U.S. and Chinese markets.
Hyundai’s China JV Launches Electric SUV EO, Priced from $16,870
The EO is available in 64.2 kWh and 88.1 kWh packs, providing CLTC ranges of 540 km and 722 km, respectively.
BYD Faces Headwinds in Japan, Turns to Price Cuts to Boost Sales
While price cuts and discounts have helped BYD expand in China, the same approach may backfire in Japan.