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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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Splendid Wall readies EV battery meeting, analysis in Thailand

Baua Electric

is finalizing plans to take a position as much as $30 million to arrange a untouched battery bind meeting plant in Thailand, the place it is going to get started creating a compact electrical automotive upcoming occasion, consistent with an organization reputable. BANGKOK — China’s Splendid Wall Motor Co.

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Honda aiming to sell 3.5M electric motorcycles per year by 2030

Green Car Congress

Honda has been offering the Honda e: Business Bike series models and accelerating the global launch of business-use electric motorcycles. Currently, EMs (electric motorcycles) and EBs (electric bicycles) account for more than 90% of industry-wide global electric motorcycle unit sales (approximately 50 million units). Platform strategy.

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Reports of an electric vehicle sales slowdown may be exaggerated

Teslarati

In a report, Bloomberg News noted that pure electric car makers like Tesla stand to hold 7% of the global vehicle market this 2023. Also interesting is the fact that electric cars are also growing in countries like India, Thailand, and Indonesia. In Thailand alone, electric vehicles have captured 9% of the cars sold in the country.

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BYD, Hozon Auto, & SGMW Set Up Factories In ASEAN Member States In Global Push To Provide Affordable EVs

CleanTechnica EVs

The SAIC-GM-Wuling (SGMW) Joint Venture has a factory in Indonesia that assembles the Wuling Air. The Wuling Air has two options for the electric motor, rated at 30 kW and 50 kW, as well as two options for the battery, a 26.5 The Wuling Air EV is assembled at the […]

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EV Resurgence: Is 2024 the Turning Point for Electric Cars?

The Truth About Cars

Diverse Market DynamicsChina's Dominance In China, EV sales are anticipated to hit nearly 10 million units, constituting almost 60 percent of the global market. Growth in Emerging Economies Countries like India, Thailand, and Indonesia are experiencing notable growth in EV sales, indicating that EVs are not limited to wealthier nations.

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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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