Toyota cuts EV prices in China, some now under $15,000
7 hours ago
- #Electric Vehicles
- #China Market
- #Toyota
- Toyota is cutting prices on several electric vehicles in China to compete with domestic rivals.
- Toyota operates in China through joint ventures FAW Toyota and GAC Toyota, producing models like the Corolla, RAV4, and Camry.
- GAC Toyota launched the bZ3X, an entry-level electric SUV, which became the top-selling EV among joint ventures in China for five months.
- The bZ3X is priced as low as 99,800 yuan ($14,500) and features advanced tech like the Momenta 5.0 Intelligent ADAS system.
- FAW Toyota also announced price cuts for the bZ3 electric sedan, starting at 93,800 yuan ($13,500), and offers promotions like trade-in subsidies and low-interest financing.
- Toyota is expanding its EV strategy globally, offering discounts and financing deals in the US for models like the 2026 bZ, C-HR, and bZ Woodland.