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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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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales. BYD set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3.

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

Baua Electric

BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. BYD Atto 3 (Source: BYD) The company, which started as a battery maker, is expanding the brand with affordable EVs like the Dolphin electric hatch and Atto 3 (Yuan Plus in China) SUV. It launched the high-end Yangwang brand last year.

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Where to Get the Most Bang for Your Buck

Baua Electric

It’s the backpacker’s call to India, the sunseeker’s attraction to Mexico, and the digital nomad’s drive to get to Thailand: Go where the dollar buys more. Getting around Australia by air isn’t cheap either, especially since the recent collapse of the low-cost carrier Bonza. noting that the cost of living is low on the island.

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Here’s how the new EU tariffs will impact Chinese EV makers like BYD and NIO

Baua Electric

“And their price is kept artificially low by huge state subsidies,” the EU Commission leader added. According to leading global auto data firm Jato Dynamics , the average retail price of imported Chinese EVs was 29% lower than models produced in Europe (excluding incentives and discounts).

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