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Chinese Automakers in South Africa: New Models Launch

Key Takeaways Chinese automakers unveiled electrified cars, hybrids and pickups at the WesBank Festival of Motoring, targeting price-sensitive and affluent South African buyers. Rapid market share gains as affordable Chinese models drive EV adoption; about 40% of new-vehicle financing last month were Chinese brands, from 0.01% in 2016. Manufacturers plan portfolio expansion,…

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Why Is Toyota Motor (TSE:7203) Putting Its Next Lexus EV In China First?

Toyota Motor (TSE:7203) plans to manufacture its next generation Lexus electric vehicle in China before Japan and other markets. The decision marks a break from Toyota’s traditional manufacturing approach that typically prioritised domestic production for new Lexus models. By focusing on China first, Toyota is targeting the world’s largest EV market and aligning new Lexus…

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