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

Electrek

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.

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BYD takes aim at Hyundai and Kia with plans to launch EVs in South Korea

Electrek

As BYD expands overseas, its latest target could spell trouble for Hyundai and Kia. BYD plans to sell electric cars in South Korea within the first half of this year. Its affordable EVs will compete with the Hyundai IONIQ 5 , Kona Electric, and Kia EV6 on the South Korean automaker’s home turf.

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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. Kia revealed a new EV lineup at its first EV Day in October.

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

Baua Electric

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. 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.

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

Baua Electric

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. 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.

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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. And that’s including gas-powered cars. 361 $43,656 SEL RWD 77.4

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Tesla Just Had Its Best Year, but Still Got Passed By BYD

The Truth About Cars

Despite that success, the company fell behind Chinese automaker BYD for the first time. BYD surpassed Tesla, but GAC Aion and SAIC-GM-Wiling are not far behind. Volkswagen, Hyundai, BMW, Mercedes-Benz, Kia, and Audi also picked up steam in 2023.

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