Toyota, Honda see China sales drop in 1st half as buyers shift to EVs

High oil prices stemming from Iran conflict pressure gasoline-powered autos The bZ3X SUV, an EV model sold by GAC Toyota. (Photo by Shizuka Tanabe) SHANGHAI — Toyota Motor's sales of new vehicles in China in the January-June period fell 17% on the year, the Japanese automaker said Monday, as more consumers move to electric vehicles and other electrified models amid high crude oil prices.

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