Wednesday, April 24, 2024

Toyota's EV Pickup Trial In Thailand Aims To Outshine Warren Buffett-Backed BYD And Great Wall Motor

Toyota's EV Pickup Trial In Thailand Aims To Outshine Warren Buffett-Backed BYD And Great Wall Motor


Japanese automaker Toyota Motor Corp (NYSE:TM) is set to trial a new electric pickup truck in Thailand amidst increasing competition from Warren Buffett-Backed BYD (OTC:BYDDF) and Great Wall Motor (OTC:GWLLF) in the EV market.

What Happened: Toyota is gearing up to test a new EV pickup in Thailand in the wake of an aggressive expansion by Chinese EV manufacturers in the region, reported Reuters. Chinese EV players have committed about $1.5 billion for new production facilities in the country.

Pras Ganesh, the ...

Full story available on Benzinga.com