丰田中国销量止跌：油车稳住战线，一汽丰田电车掉队

Group 1 - Toyota China announced a sales target of over 1.78 million vehicles for 2025, achieving positive growth compared to 1.776 million in 2024, making it the only foreign multinational automotive group in China to achieve growth in 2025 [2] - Japanese automakers, excluding Toyota, are expected to perform poorly in the Chinese market in 2025, with Nissan's sales at 653,000 units (down 6%) and Honda's at 645,300 units (down 24%), marking five consecutive years of decline [2] - Toyota's sales in China are primarily driven by its joint ventures: FAW Toyota, GAC Toyota, and Lexus China, with both joint ventures showing signs of recovery in 2025, which is crucial for halting the decline in Toyota's sales [2] Group 2 - FAW Toyota reported sales of 805,500 vehicles in 2025, with key fuel models maintaining stable sales, including the Crown Land, which sold 59,900 units (up 14%), RAV4 which sold 204,200 units (up 6%), and Avalon which sold 126,700 units (up 39%) [2] - Despite a previous announcement of a significant increase in sales for the pure electric model bZ3 (50,900 units, up 96% in 2024), FAW Toyota did not disclose specific performance figures for its electric models in the 2025 sales report [2] Group 3 - GAC Toyota highlighted the growth of its electric models in its 2025 sales report, achieving total sales of 772,000 units, with the Platinum 3X electric model selling 70,000 units, accounting for over 9% of total sales [3] - The bZ series, launched by Toyota in 2021, initially struggled in the Chinese market due to high prices, but the company has begun to strengthen its local presence and adapt its development processes since 2023 [3] Group 4 - Toyota plans to increase its self-developed electric vehicle models to 15 by 2027 and establish production bases globally, including in Japan, China, the Americas, and Southeast Asia [4] - While accelerating its electrification transition in China, Toyota continues to update its fuel models, with GAC Toyota set to upgrade four key fuel models in September 2025, including the Sienna, Highlander, Camry, and Crown Land, covering a product line from entry-level SUVs to high-end MPVs [4]