Part 4/11:
The show highlighted a crucial shift towards electric vehicles, with over 70% of the displayed cars fitting this category. Brands like BYD have found remarkable success in this sector, receiving high order numbers despite the absence of established luxury names. While the electric vehicle market continues to thrive, the hesitance of luxury brands to participate was largely attributed to a significant decline in sales in China—53% for vehicles priced above 1 million yen in the first quarter of 2025 compared to the previous year.