SGChinese electric vehicle (EV) manufacturers, particularly BYD, have gained significant global market share in recent years, challenging traditional automakers like Toyota, Honda, and Nissan. In Singapore, BYD surpassed Toyota as the most popular car brand in 2025, reflecting a broader trend where legacy automakers are struggling with declining market shares. This shift is attributed to the rapid innovation and cost advantages of Chinese EV producers, supported by favorable government policies in China. Meanwhile, some legacy brands have faced financial difficulties, such as Honda's operating loss and Nissan's factory closures and job cuts. Experts note that the transition to EVs created opportunities for new players, while legacy manufacturers were slow to adapt.
Bias read (Center): The article presents a balanced view of the competition between Chinese EV manufacturers and legacy automakers, citing both challenges faced by traditional brands and the factors enabling the rise of Chinese firms. It includes expert opinions and data without overtly favoring one side.
