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of the industrial ecosystem. From Apple and Toyota to Tesla and Huawei, and Pinduoduo, without
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of 50,000 kilometers, a used Toyota Camry in the Japanese market is priced at 152,000 RMB, whereas
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homegrown manufacturers led by BYD Co. Ltd. Toyota Motor Corp.’s poor first-half showing in China
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, which he said can match top-rated models from Japanese giant Toyota Motor Corp. In February, SAIC
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, such as the Toyota Prius. BYD has been making a concerted push to manufacture vehicles outside its
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share of local carmakers. From January through June, the three major Japanese automakers — Toyota Motor
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of $100 billion, BYD is the third most-valuable carmaker globally after Tesla Inc. and Toyota Motor
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for luxury minivans, a segment long dominated by Toyota Motor Corp.’s Alphard. The Asian financial hub
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