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Toyota launches affordable smart electric vehicle to compete in China market

Toyota has launched its most affordable smart electric vehicle, the Bozhi 3X, in China, priced at $20,000, to enhance its market share in the competitive EV landscape dominated by local brands like BYD. The model received over 10,000 orders within an hour of its release, featuring advanced technology comparable to rivals. Despite the low pricing, details on profitability and export plans remain undisclosed.
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11:45 07.03.2025
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