Toyota's EV Pickup Trial In Thailand Aims To Outshine Warren Buffett-Backed BYD And Great Wall Motor
Portfolio Pulse from Anan Ashraf
Toyota Motor Corp (NYSE:TM) is planning to trial a new electric pickup truck in Thailand, aiming to compete with Warren Buffett-Backed BYD (OTC:BYDDF) and Great Wall Motor (OTC:GWLLF) in the EV market. The move comes as Chinese EV manufacturers aggressively expand in the region. Toyota's EV sales increased 38.1% Y/Y to 1.8 million in the first half of the year, but the company lowered its forecast for global battery EV sales by 39% last week.
November 06, 2023 | 8:15 am
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Toyota's new EV pickup trial in Thailand could increase competition for BYD.
Toyota's new EV pickup trial in Thailand could increase competition for BYD in the EV market. This could potentially impact BYD's market share and stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Toyota's new EV pickup trial in Thailand could increase competition for Great Wall Motor.
Toyota's new EV pickup trial in Thailand could increase competition for Great Wall Motor in the EV market. This could potentially impact Great Wall Motor's market share and stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Toyota is set to trial a new EV pickup in Thailand, potentially increasing competition in the EV market.
Toyota's move to trial a new EV pickup in Thailand could potentially increase competition in the EV market. However, the company recently lowered its forecast for global battery EV sales, which may impact investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100