Hybrid Vehicle Sales: Hybrid vehicle sales surge in China, posing threat to foreign automakers

As electric vehicle (EV) makers in China engage in a price war amid slowing demand, Chinese brands with robust hybrid offerings are gaining traction. This trend is potentially encouraging for global automakers such as Toyota and Honda, which are pursuing diverse electrification strategies. Toyota, the leading automaker globally, already sees one-third of its total vehicle sales as hybrids, reporting a 34% surge in hybrid sales in the first half of the fiscal year, outpacing…