Toyota and BMW are the latest casualties in China's evolving EV market

Toyota and BMW reported sinking profits on Wednesday, with sales in China slumping as both face growing competition from local automakers like BYD.

By: Business Insider

Nov 08 2024
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Toyota and BMW are the latest casualties in China's evolving EV market — Toyota and BMW are the latest

China's EV giants are rising, and it's putting foreign automakers under pressure in the world's largest car market. CFOTO/Future Publishing via Getty Images

Toyota and BMW both reported plun… [+2233 chars]

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Toyota and BMW are the latest casualties in China's evolving EV market

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