Toyota Warns That Falling Behind the Chinese Goes Beyond EVs
When most people think about electric cars, China isn’t the first name that comes to mind, but maybe it should be. Toyota has just sounded the alarm, and it’s not just about electric vehicles anymore. According to the company, China’s rise in the auto world is happening fast and across more than one area. Let’s start with electric vehicles (EVs). Last year, over 17 million EVs were sold worldwide, and guess what? China sold more than 11 million of those. That’s more than 60% of the global market! Even though car makers like Volkswagen, Hyundai, and Kia are coming up…