Nikkei Asia: Toyota Expands China Local EV Supply Chain to Cut Costs
According to Nikkei Asia, Toyota is adjusting its electric vehicle supply chain in the Chinese market. Moving beyond its traditional network of Japanese-affiliated suppliers, the company is expanding component procurement from local domestic enterprises to lower EV costs and better compete with Chinese rivals. The report describes an expansion of procurement channels and does not state that Toyota will completely sever ties with its existing Japanese suppliers.
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