Market Chatter: Toyota Overtakes Nissan in Japan EV Sales

MT Newswires Live01-09

Toyota Motor (TYO:7203) led Japan's electric vehicle sales in the October-December quarter for the first time, ending Nissan Motor's (TYO:7201) long run at the top as competition picks up, Nikkei reported Friday.

Toyota sold 3,684 EVs, driven by the updated bZ4X, while Nissan's sales fell 56% to 2,857 units. Honda (TYO:7267) posted a record 2,732 vehicles, and Tesla sold about 2,600, according to the report.

EVs still account for just 1.9% of new car sales in Japan, but higher subsidies and new models from domestic makers and China's BYD are set to intensify competition this year, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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