Toyota plans China EV offensive
The Japanese firm is among traditional OEMs with high hopes for the world's biggest market. But Allianz suggests domestic incumbents will be strong at home... and away
Japan's largest carmaker Toyota will attempt to turn around declining sales in China with the aggressive rollout of new EV models this year. But the research arm of insurer Allianz predicts significant economic repercussions from the growing success of Chinese OEMs at home and abroad.