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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 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. Although BYD has established itself as a low-cost EV maker, it’s expanding into new segments.

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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. tourists,” said Erina Pindar, the chief operating officer and managing partner at SmartFlyer , a global travel agency based in New York City. Despite the strength of the U.S.

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

Baua Electric

Global markets are now flooded with cheaper electric cars,” EU Commission President Ursula von der Leyen said in her annual speech to the European Parliament. And their price is kept artificially low by huge state subsidies,” the EU Commission leader added. “And How will the new EU tariffs impact Chinese EV makers like BYD and NIO?

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