Toyota is reportedly dismantling its traditional keiretsu supplier network in China due to intense EV price competition from companies like BYD. The automaker is shifting away from long-standing Japanese supplier relationships to embrace local Chinese vendors. This strategic change reflects an acknowledgment that Toyota's established automotive model struggles to compete with China's cost efficiencies. AI
RANK_REASON Significant industry shift by a major automaker responding to competitive pressures. [lever_c_demoted from significant: ic=1 ai=0.1]
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