Toyota’s luxury EV strategy challenges BYD’s dominance in China’s auto market, igniting a fierce competition in the world’s largest and most vibrant EV sector.
BYD claims the Denza Z9 broke an industry record by “becoming the fastest new energy luxury car to deliver more than 10,000 units.” The new model sold for an average of 380,000 yuan ...
China’s BYD, which makes more than a dozen ... Tesla started out as a luxury brand. Even today, its cheapest car – the base version of the Model 3 sedan – sells for $44,130.