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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. billion in EV investments.

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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

Leading EV maker BYD is quickly expanding overseas after dominating its home market. 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. Once up and running, BYD’s new plant in Thailand is expected to build 150,000 EVs a year.

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

Baua Electric

After dominating its home market and the world’s largest for EVs, BYD is quickly expanding overseas. 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. billion (31.5 billion yuan).

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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. How will the new EU tariffs impact Chinese EV makers like BYD and NIO?

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