As EV makers in China wage an intense price war to prop up slowing demand, Chinese brands with strong hybrid lineups are emerging as winners, attracting consumers with vehicles with long range that can cost less than gasoline cars. The emerging trend may provide a glimmer of hope for global automakers such as Toyota and Honda who are pursuing "multi-pronged" electrification strategies, as electric vehicle (EV) sales lose momentum in Europe and the U.S.
, partly because of high auto financing costs. One-third of total vehicle sales by Toyota, the world's top-selling automaker, are already hybrids and the company reported a 34 per cent surge in hybrid sales in the six months to end-September, outpacing 9 per cent growth in overall revenu
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