Toyota cancels development of certain next-generation EV models
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Toyota Motor Corporation
Global
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Toyota's sales in China hit a nine-year low amid fierce EV competition
Toyota Motor's sales in China for the fiscal first half (April-September) dropped to a nine-year low. The decline is attributed to intense competition from local Chinese low-priced electric vehicle brands.
Related book
The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer
Author: Jeffrey Liker
This book provides deep insight into Toyota's core philosophy of 'Just-in-Time' and 'Jidoka,' which explains why the company is cautious about full-scale EV adoption and prioritizes strategic flexibility over rapid, market-driven shifts.
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