Toyota meets ‘aggressive’ Apac entry of China carmakers with more EVs – and combustion engines 

[SINGAPORE] Facing fierce regional competition from Chinese carmakers, Japanese automotive giant Toyota is banking on a strategy of continuing to offer combustion engine cars alongside ramped-up electric vehicle (EV) launches.

Offering this range allows the company to adapt to each of its markets, said Toyota Motor Asia vice-president Preston Tan in an interview with The Business Times.

“What we are seeing here is the aggressiveness of Chinese (carmakers)... Previously, we thought South Korean carmakers were our so-called competitors, but the Chinese are more aggressive than them.”