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Kia mulls EV plant in Thailand to take on Toyota and BYD with affordable electric cars

Baua Electric

Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Chinese automakers like BYD are already stealing market share, but Kia is in talks over a new EV plant in Thailand that could help position itself as an early leader. Meanwhile, Kia has bigger (or, smaller and more affordable) plans.

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Reports of an electric vehicle sales slowdown may be exaggerated

Teslarati

A look at reports in the past months would show that a narrative around electric vehicle sales has formed. Considering the trends in the sales of vehicles like the Ford F-150 Lightning and startups like Lucid Motors, skeptics have claimed that electric cars are seeing a demand problem. That’s an increase of 36% from 2022.

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Honda aiming to sell 3.5M electric motorcycles per year by 2030

Green Car Congress

Honda will introduce more than 10 new electric motorcycle models by 2025, with an aim to reach annual electric motorcycle sales of 1 million units within the next five years, and 3.5 million units (approximately 15% of total sales) as of 2030. Commuter EVs. Commuter EMs / EBs. Platform strategy.

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Splendid Wall readies EV battery meeting, analysis in Thailand

Baua Electric

is finalizing plans to take a position as much as $30 million to arrange a untouched battery bind meeting plant in Thailand, the place it is going to get started creating a compact electrical automotive upcoming occasion, consistent with an organization reputable. BANGKOK — China’s Splendid Wall Motor Co.

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BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

After a record EV sales year, BYD expects to rake in at least $4 billion in net income. In the last three months of the year, the Chinese automaker overtook Tesla as the largest global EV maker as it expanded the brand. BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. billion (31.5

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EV Resurgence: Is 2024 the Turning Point for Electric Cars?

The Truth About Cars

Photo credit: Suwin66 / Shutterstock.com The electric vehicle (EV) market is experiencing a significant growth in 2024 , with expectations for sales of passenger EVs to climb by 21 percent in 2024, reaching 16.7 Stability in Europe Europe is likely to witness a stable increase in EV sales, with projections of 3.4 million EV sales.

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Here’s how China’s BYD is working on its image problem

Baua Electric

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans. Last year, the company sold 1.6

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