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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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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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Tesla Model Y and BYD Atto 3 lead the way as Chinese-built electric vehicle sales soar in Australia

EV Central

According to the official VFACTS figures, there were 3330 examples of the battery electric SUV sold in Australia last month. It is also a big reason the popularity of Chinese-made cars is exploding in Australia, as both the Model 3 and Model Y are made in Shanghai. Tesla’s tally is obviously the key to the 385.4

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BYD is now shipping its own EVs as first cargo ship heads to Europe

Baua Electric

1 is the first Chinese-made ship designed to carry domestic EVs overseas. First BYD ship sets sights on Europe to deliver EVs Marking a “new era” for Chinese vehicles, BYD’s first ship designed to carry EVs arrived at Yantai Port on January 9. 1 is the first vessel built by a Chinese shipyard designed for exporting domestic vehicles.

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

Baua Electric

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. BYD expects at least $4 billion in 2023 net income BYD sold nearly 1.6 billion (31 billion yuan) in net income.

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BYD launches $233K Yangwang U9 electric supercar that will smoke a Ferrari and can dance

Baua Electric

In December, the brand began deliveries of its first vehicle, the U8 off-road SUV, with starting prices over $150,000 (1,089,000 yuan). The luxury SUV has generated hype as a Mercedes G-Class and Land Rover Defender rival with 1,200 hp and premium features like tank turns and tire blowout stabilization. It also supports dual charging.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. The main export markets for these vehicles were Europe and countries in the Asia Pacific region, such as Thailand and Australia. In FY2024, electric car and SUV sales in India jumped 90% to over 90,000 units.