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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. The ball is in their court.”

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

Baua Electric

After a record EV sales year, BYD expects to rake in at least $4 billion in net income. BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. It even outsources its batteries to Tesla, Toyota, Hyundai, Kia, Ford, and several others. BYD forecasts its profits rising at least 75% last year.

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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

The Tesla Model Y continues to lead the electric car surge in Australia, finishing fourth outright on the sales ladder in July. Add in 604 Model 3 sedan sales and Tesla claimed eighth overall in July with 3934 sales. It also sits eighth for the year with 29,511 sales. Tesla’s tally is obviously the key to the 385.4

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Mitsubishi Mirage to Be Discontinued by 2025

The Truth About Cars

Despite fuel prices and an economy that seems poised to bolster the sale of value-focused cars, the United States is losing another one. sales of the Mirage four-door hatchback and sedan to make way more crossovers and EVs. The above hasn’t helped sales. Mitsubishi is reportedly discontinuing the Mirage by 2025.

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BYD upgrades Tang electric SUV with more range to rival Tesla’s Model Y

Baua Electric

BYD announced Tang EV pre-sale prices of 72,000 euros ($78,000) in September 2022. It’s already a leader in Thailand, Brazil, and Columbia. Unlike many EV makers, BYD can afford to lower prices as it builds nearly all components in-house. With the Atto 3 dominating BYD’s sales in Europe, the automaker looks to expand its lineup.

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