TECH - Toyota Is Poised To Keep Its Automotive Crown But BYD Is Poised To Takeover Tesla's EV Throne | Benzinga
Global vehicle production reached all-time high last month. According to Bloomberg, Toyota Motor (NYSE: TM) is poised to keep its title as world’s best-selling automaker, beating Volkswagen AG (OTC: VWAGY) for the fourth consecutive year.
As for the EV front, Bloomberg estimates that BYD Company Limited (OTC: BYDDY) is on track to dethrone Tesla Inc (NASDAQ: TSLA) and become the world’s leading EV seller.
Toyota Seems Set To Keep Its Title
Steady demand across North America and Europe helped Toyota achieve record sales and production in November. In November, Toyota is set to keep its title as the world’s best-selling carmaker as its sales jumped 12% YoY to almost 1 million units. Moreover, Toyota also experienced a 17% sales rise in China to 164,524 units with a production increase ...