Australia Plug-In Update July 2026
cleantechnica·- In July 2026, Australia’s plug-in vehicle penetration rate dipped to approximately 31%, with 33,869 plug-in vehicles sold out of nearly 108,000 total sales. - Top-selling battery electric vehicles included the Tesla Model Y with 4,644 units and the BYD Sealion 7 with 2,548 units, while new models like the Geely EX2 and Mazda 6e also saw strong debut sales. - Fuel insecurity driven by rising petrol and diesel prices is encouraging consumers to adopt electric alternatives and boosting support for electric vehicles.BofAS Ratings and TPs on Auto, Parts and Dealer Stocks (Table)
AASTOCKS News·- BofA Securities released a research report detailing investment ratings and target prices for various auto, auto parts, and dealer stocks. - The report covers multiple companies such as BYD COMPANY, GEELY AUTO, and XPeng Inc. with adjusted target prices across Buy, Neutral, and Underperform ratings. - Key valuation updates include BYD COMPANY's target price moving from HKD 119 to HKD 123 and SERES shifting from Buy to Underperform with a target price of HKD 46.BofAS' Investment Ratings and TPs on Auto Stocks (Table)
AASTOCKS News·- BofAS released a research report updating investment ratings and target prices for multiple auto stocks. - The report assigns Buy ratings to companies such as BYD COMPANY and XPENG-W while adjusting target prices downward for most tracked firms. - Other automakers like GWMOTOR and LI AUTO-W receive Neutral ratings, and SERES experiences a downgrade from Buy to Underperform.Toyota to fix software for 39,552 China-built EVs over safety hazards
MSN·- Toyota's joint venture with GAC is recalling 39,552 bZ7 electric sedans in China starting August 1 to fix software safety hazards. - The recall addresses faulty smart Bluetooth module software in 15,266 bZ7 EVs that can cause unintended gear shifts and disrupt power while driving. - China's market regulator announced the corrective action, which is classified as a product recall under local regulations.