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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. It plans to boost demand by launching a series of new affordable EVs.

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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan. It plans to boost demand by launching a series of new affordable EVs.

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Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

February 2024 was a positive month for the new car market in Europe. According to Felipe Munoz, Global Analyst at JATO Dynamics: “As the economic outlook has continued to improve, the car market has gone from strength to strength. MG gains traction SAIC, the parent company of MG and Maxus, continued to climb the rankings in February.

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Ford plans affordable small electric pickup and SUV, starting around $25,000

Baua Electric

Amid a flood of new competition, Ford is shifting plans to build more affordable electric vehicles. Shifting to low-cost EVs Although low-cost Chinese passenger EVs, like BYD , are not sold in the US, they are having a big impact on domestic automakers. An Escape-sized EV or smaller “completely works,” Ford’s leader explained.

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Will it be a Hossan or Ninda? Honda dumps GM, plans new family of affordable electric cars with Nissan

EV Central

Nissan and Honda have co-signed a historic deal that will see the two major Japanese car-makers join forces to fast-track a new family of EVs that will be sold globally. Honda dumps GM, plans new family of affordable electric cars with Nissan appeared first on EV Central. Nissan Ariya is still yet to make it to Australia.

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Cheaper EVs are starting to show up in smaller global markets – Charged EVs

Baua Electric

Media coverage of EVs tends to focus on the world’s largest auto markets: North America, Europe and Asia. Chinese automakers, which now have a range of lower-priced EVs to sell, are heavily targeting these markets. BYD is not the only Chinese automaker targeting developing markets. The JAC E10X sports a 31.4

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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. at this point, the company has been beginning to deliver its EVs in several markets throughout Europe and Asia.