Group 1 - Toyota's new car sales in China from January to June increased by 6.8% year-on-year, reaching 837,700 units, marking the first time in four years that it surpassed the previous year's performance in the same period [1] - The combined new car sales of Honda and Nissan in China decreased by double digits, with a total decline of 7% to 1.43 million units compared to the same period [1] - Japanese automakers are lagging in the EV and PHV sectors in China, with sales down 40% compared to the recent peak in 2021 [1] Group 2 - FAW Toyota, a joint venture with China's First Automobile Group, saw a sales increase of 16.3% to 377,800 units, while GAC Toyota, in partnership with Guangzhou Automobile Group, grew by 0.6% to 364,200 units [2] - Lexus, the luxury brand, experienced a 1.3% increase in sales, reaching 85,600 units [2] - Honda's new car sales in China from January to June fell by 24.2% to 315,152 units, with the Accord and CR-V remaining strong but other models underperforming [2] Group 3 - Nissan's sales decreased by 17.6% to 279,546 units, with both Honda and Nissan losing market share to Chinese manufacturers [3] - In June alone, Toyota's sales grew by 3.7% to 157,700 units, while Honda's sales dropped by 15.2% to 58,468 units, and Nissan's sales increased by 1.9% to 53,843 units [3]

Core Insights - Ford Motor Company operates a dedicated electric vehicle segment, Model e, which has not yet generated profits despite positive reception of its Mustang Mach-E and F-150 Lightning EVs [1] - The losses in Ford's EV business have widened significantly, with a reported loss of $5.07 billion in 2024, following a $4.7 billion loss in 2023, and an additional loss of $849 million in Q1 2025 [2] Financial Performance - The EV segment's losses are attributed to pricing pressures, increased investments in next-generation EVs, and stiff competition, particularly from companies like BYD in China [2][3] - Ford's stock has declined approximately 10% year to date, contrasting with an 11% growth in the industry [7] Competitive Landscape - Competitors like Toyota and Honda are also cautious about fully electric vehicles, with Toyota reducing its EV production target by 20% and Honda shifting focus towards hybrid models [5][6] - The industry is facing significant pricing pressures and supply chain disruptions, necessitating continuous investment from Ford to remain competitive [3] Strategic Initiatives - Ford is investing in improving charging infrastructure through the Ford Power Promise campaign, which has already provided home chargers to customers [4] - Plans are in place to increase Model e volumes with new product launches in the upcoming quarters [8] Valuation Metrics - Ford trades at a forward price-to-sales ratio of 0.25, which is below the industry average, and carries a Value Score of A [9]

丰田等日本汽车厂商为中国市场量身开发的纯电动汽车（EV）的销量正在扩大。丰田和日产于3～4月 推出的EV订单表现出色，丰田的4月新车销量已连续3个月同比增长。虽然日本车在中国市场陷入苦 战，但正试图通过在汽车中融入中国企业的技术，以扭转局势。 自2022年前后起，日本各大车企逐渐意识到危机的严峻性，开始加紧开发专为中国市场量身打造的电动 车。到了2025年，相关产品才终于陆续进入市场。日产在4月下旬推出的N7，截至5月15日订单数量已 达到1万辆…… 丰田3月推出的新款纯电动SUV"bZ3X"出现热销。日本调查公司Land Lords的数据显示，在EV和插电式 混合动力车（PHV）等新能源SUV的4月销量排行榜中，该车跃居外资品牌前列。 截至4月底，bZ3X的交付量已达到约1万辆。也有bZ3X热销的原因，丰田的4月新车销量同比增长21%， 达到14万2800辆，是包括本田和日产在内的三大日系车企中唯一实现增长的公司。EV销量同比增长 84%，达到9400辆，增幅较大。 bZ3X是丰田与合资伙伴广州汽车集团共同开发的车型。广汽拥有电动品牌"AION"，具备丰富的EV开 发经验。此外，bZ3X还联合中国自动驾驶新 ...

3月在中国推出的EV"bZ3X"的交付量已超过1万辆（4月下旬，上海市） 自2022年前后起，日本各大车企逐渐意识到危机的严峻性，开始加紧开发专为中国市场量身打 造的电动车。到了2025年，相关产品才终于陆续进入市场。日产在4月下旬推出的N7，截至5月15日订 单数量已达到1万辆…… 丰田等日本汽车厂商为中国市场量身开发的纯电动汽车（EV）的销量正在扩大。丰田和日产于3～4月 推出的EV订单表现出色，丰田的4月新车销量已连续3个月同比增长。虽然日本车在中国市场陷入苦 战，但正试图通过在汽车中融入中国企业的技术，以扭转局势。 丰田3月推出的新款纯电动SUV"bZ3X"出现热销。日本调查公司Land Lords的数据显示，在EV和插电式 混合动力车（PHV）等新能源SUV的4月销量排行榜中，该车跃居外资品牌前列。 截至4月底，bZ3X的交付量已达到约1万辆。也有bZ3X热销的原因，丰田的4月新车销量同比增长21%， 达到14万2800辆，是包括本田和日产在内的三大日系车企中唯一实现增长的公司。EV销量同比增长 84%，达到9400辆，增幅较大。 bZ3X是丰田与合资伙伴广州汽车集团共同开发的车型。广汽拥有电动品牌 ...

丰田2027年前将推出15款EV 丰田目前在全球销售5款自主开发的纯电动汽车。此前只在日本和中国生产，今后生产基地将扩充 至5个国家，还会在美国、泰国和阿根廷启动生产。规避汇率和关税风险，缩短交货时间…… 在日本，高冈工厂（爱知县丰田市）将从2025年9月左右开始生产SUV"C-HR +"。产量预计为 每月1万辆左右。田原工厂（爱知县田原市）计划从2027年8月左右开始生产高档车品牌"雷克 萨斯"的新一代纯电动汽车。 SUBARU（斯巴鲁）的矢岛工厂（群马县太田市）从2026年2月左右开始生产丰田与SUBARU 联合开发的新款SUV。产能将提高至每月1.5万～2万辆左右，将在北美、欧洲和日本等地开展 业务。 在中国市场也致力于低价位车。3月上旬上市的SUV"bZ3X"的售价控制在约11万元起。这是丰 田最便宜的纯电动汽车，比现在纯电动汽车便宜3成左右。与中国广州汽车集团的合资公司广 汽丰田负责开发和生产，从当地企业采购核心零部件，削减了成本。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 日本丰田到2027年将推出约15款自主 ...

For electric vehicles (EVs) to truly go mainstream, they need to be more affordable. Automakers are working to cut costs and Chinese EV giant BYD Co Ltd (BYDDY) is already racing ahead. With a vertically integrated business model and full control of its supply chain, BYD is selling cars at a much cheaper sticker price.Its cheapest model, the BYD Seagull, just got a price cut. The 2025 Seagull now starts at only 56,800 yuan (around $7,800), down from its earlier price of 69,800 yuan ($9,500). The promotion a ...