TOKYO -- Demand for plug-in hybrids continues to grow in China, with a U.K. research firm raising its 2025 sales forecast by 25%, as domestic automakers follow electric vehicle giant BYD and bet big on the sector while hybrid-focused Japanese companies struggle.
Automobiles
Plug-ins crowd out standard hybrids in China, led by BYD
Inexpensive domestic cars sell fast while luxury Lexus models get steep discounts
BYD's Seal 06 sedan, equipped with the automaker's latest plug-in hybrid system, starts around $14,000. © Reuters
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