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Cautionary tale? Some excerpts from Toyota's press page[0] - Toyota is projected to be the number one retail brand for the 12th consecutive year - Electrif

Cautionary tale? Some excerpts from Toyota's press page[0] - Toyota is projected to be the number one retail brand for the 12th consecutive year - Electrified vehicle sales – battery, hybrids, plug-ins and fuel cells – surge 30 percent and make up nearly one-third of total sales volume - Projected to be the number one seller of passenger vehicles for the 12th consecutive year, and 20 of the last 21 years - 2023 electrified vehicles sales of 565,800 represent 29.3 percent of total sales volume - Corolla projected to be the number one compact car in America - RAV4 best-selling SUV in the U.S. for 7th consecutive year You can also just look at Toyota stock killing it vs SPY[1] over the past year [0] https://pressroom.toyota.com/toyota-motor-north-america-reports-2023-u-s-sales-results/ https://pressroom.toyota.com/toyota-motor-north-america-repo... [1] https://www.google.com/finance/quote/TM:NYSE?window=1Y&comparison=NYSEARCA%3ASPY https://www.google.com/finance/quote/TM:NYSE?window=1Y&compa...

toomuchtodo 2y ago
https://www.hagerty.com/media/news/the-worlds-best-selling-car-is-the-tesla-model-y/ https://www.hagerty.com/media/news/the-worlds-best-selling-c... (26 January 2024) > For the first time in history the most popular new car across the planet is electric. Tesla sold more than 1.2 million Model Ys in 2023 to put it ahead of Toyota’s RAV4 which had sales of 1.07 million and Corolla which found 1.01 million buyers. > Topping the charts in Europe and China enabled the Model Y to lead the field in total world sales, despite it sitting in only fifth place in the United States, behind the RAV4, Dodge Ram, Chevrolet Silverado and Ford F-Series. > Overall, more than 456,000 Model Ys were sold in China, representing a 45% increase on 2022, more than 255,000 Model Ys found homes in Europe, and almost 386,000 hit the road in the U.S.A. As a result the Model Y counted for two-thirds of all Teslas sold globally. https://cnevpost.com/2024/05/01/byd-sales-apr-2024/ https://cnevpost.com/2024/05/01/byd-sales-apr-2024/ (1 May 2024) > BYD (HKG: 1211, OTCMKTS: BYDDY) saw further sales growth last month, which continued to be the second highest on record. > The company sold 313,245 new energy-vehicles (NEVs) in April, up 48.96 percent from 210,295 in the same month last year and up 3.57 percent from 302,459 in March, according to figures it released today. (BYD has a 3.6M unit sales target for 2024, up 20% from last year) https://electrek.co/2024/01/30/toyota-sold-100k-evs-2023-less-than-1-of-sales/ https://electrek.co/2024/01/30/toyota-sold-100k-evs-2023-les... ("Although Toyota held its title as the top-selling automaker, the industry is shifting beneath it. Toyota sold over 100,000 EVs in 2023, but that’s still less than 1% of the record 11.2 million vehicles handed over last year.") Tesla and BYD combined sold a little under half of total Toyota global sales last year. The second half won’t take as long to get to.
- toomuchtodo 2y ago
  Additional citation: https://electrek.co/2024/05/29/byds-workforce-nearly-doubles-toyotas-ev-sales-surge/ https://electrek.co/2024/05/29/byds-workforce-nearly-doubles... ("As EV sales surge in China, BYD’s workforce has expanded rapidly, adding nearly 500,000 employees since 2019. BYD’s workforce is now roughly double that of Toyota’s as China’s EV leader expands overseas.")

toomuchtodo 2y ago

https://www.hagerty.com/media/news/the-worlds-best-selling-car-is-the-tesla-model-y/ https://www.hagerty.com/media/news/the-worlds-best-selling-c... (26 January 2024) > For the first time in history the most popular new car across the planet is electric. Tesla sold more than 1.2 million Model Ys in 2023 to put it ahead of Toyota’s RAV4 which had sales of 1.07 million and Corolla which found 1.01 million buyers. > Topping the charts in Europe and China enabled the Model Y to lead the field in total world sales, despite it sitting in only fifth place in the United States, behind the RAV4, Dodge Ram, Chevrolet Silverado and Ford F-Series. > Overall, more than 456,000 Model Ys were sold in China, representing a 45% increase on 2022, more than 255,000 Model Ys found homes in Europe, and almost 386,000 hit the road in the U.S.A. As a result the Model Y counted for two-thirds of all Teslas sold globally. https://cnevpost.com/2024/05/01/byd-sales-apr-2024/ https://cnevpost.com/2024/05/01/byd-sales-apr-2024/ (1 May 2024) > BYD (HKG: 1211, OTCMKTS: BYDDY) saw further sales growth last month, which continued to be the second highest on record. > The company sold 313,245 new energy-vehicles (NEVs) in April, up 48.96 percent from 210,295 in the same month last year and up 3.57 percent from 302,459 in March, according to figures it released today. (BYD has a 3.6M unit sales target for 2024, up 20% from last year) https://electrek.co/2024/01/30/toyota-sold-100k-evs-2023-less-than-1-of-sales/ https://electrek.co/2024/01/30/toyota-sold-100k-evs-2023-les... ("Although Toyota held its title as the top-selling automaker, the industry is shifting beneath it. Toyota sold over 100,000 EVs in 2023, but that’s still less than 1% of the record 11.2 million vehicles handed over last year.") Tesla and BYD combined sold a little under half of total Toyota global sales last year. The second half won’t take as long to get to.

toomuchtodo 2y ago
Additional citation: https://electrek.co/2024/05/29/byds-workforce-nearly-doubles-toyotas-ev-sales-surge/ https://electrek.co/2024/05/29/byds-workforce-nearly-doubles... ("As EV sales surge in China, BYD’s workforce has expanded rapidly, adding nearly 500,000 employees since 2019. BYD’s workforce is now roughly double that of Toyota’s as China’s EV leader expands overseas.")