Overview

• Toyota unveiled its bZ3X electric SUV in China, pricing the base model at just under 110,000 yuan ($15,170), making it the company's cheapest EV in the market.
• The bZ3X uses cost-effective lithium iron phosphate (LFP) batteries, which reduce costs but trade off some range compared to traditional lithium-ion batteries.
• The SUV is available in two versions, with the higher-end model featuring advanced driver assistance systems, including lane changing and merging capabilities, starting at 139,800 yuan ($19,279).
• Toyota’s Chinese joint venture, GAC Toyota, reported more than 10,000 orders within an hour of the vehicle’s launch, causing its server to crash due to high demand.
• The bZ3X is part of Toyota’s broader strategy to increase its presence in China, where domestic automakers like BYD dominate the competitive EV market with low-cost, feature-rich vehicles.