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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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Kelley Blue Book finds average EV price in US down 5.4% in January due to Tesla price cuts

Green Car Congress

The average transaction price (ATP) of a new vehicle in the US declined slightly in January 2023 to $49,388, a decrease of 0.6% ($310) from December’s record high and up 5.9% ($2,768) from levels one year earlier. The average price paid for a new EV decreased in January by $3,363 (down 5.4%) compared to December. year over year.

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Kia confirms EV9 GT is launching in January with enormous power

Baua Electric

After Kia’s first three-row electric SUV is already seeing strong demand, the EV9 is set to gain a high-performance GT version. Kia confirmed the EV9 GT will launch in January with “enormous power” and other upgrades. Kia EV9 set for the GT treatment Kia launched its flagship EV9 in Korea last June.

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Why Tesla competitors will need more than affordability to take EV pioneer’s crown

Teslarati

In an attempt to catch Tesla, who has been recognized as the industry leader, car companies have tried all strategies, including undercutting pricing, but they’ll need much more than that to catch up. Tesla’s most affordable vehicle is the Rear-Wheel Drive Model 3, which starts at $42,990 before incentives.

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Interview: Jenny Chang, Kia Seltos Product Manager

Clean Fleet Report

Seltos — the Gateway to Kia. Kia pulled the sheet off the updated 2024 Seltos at the 2022 Los Angeles Auto Show. A big change for Kia’s entry-level model. CFR : What is the importance of the Seltos to Kia? Kia : The Seltos is extremely important as it serves as a gateway vehicle to our brand.

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Ford tops Q1 2024 earnings despite pricing pressure weighing on its EV unit

Baua Electric

However, due to fierce pricing pressure, Ford’s EV revenue fell 84% in Q1 2024. Ford’s growth propelled it to second in the US EV market (if you don’t include combined Hyundai and Kia sales). The sales surge comes after Ford introduced significant price cuts and savings on the Mach-E and Lightning earlier this year.

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Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

This is according to a report from Cox Automotive , which stated that the month of February opened with the industry seeing an average new vehicle supply of 80 days. From Cox Automotive: The average new-vehicle listing price opened February at $47,142, down 1 [percent] from a year ago. Discounts and incentives in January averaged 5.7

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