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Toyota sales slide as aggressive price cuts by BYD, Chinese EV makers take effect

Baua Electric

Toyota’s electrified vehicle lineup (RZ, RX, NX, UX300e) (Source: Toyota) Toyota sales hit in 1H 2024 with BYD’s EV price cuts Toyota’s sales are down by double-digits through the first half of 2024 in China (-10.8%), Indonesia (-10%), and Thailand (-15%). BYD also recently launched its first electric MPV in Indonesia.

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Exicom claims to have launched India’s fastest DC Charger | Autocar Professional

Baua Electric

Exicom, an electric vehicle charging and critical power solutions firm, has announced the launch of what it claims is India’s fastest DC charger, up to 400kW. DC Fast Charger includes variants designed specifically for destination charging, catering to diverse environments such as malls, city infrastructure, and office complexes.

DC 52
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VinFast’s EV plant in Tamil Nadu to open in first-half 2025 | Autocar Professional

Baua Electric

Meanwhile, construction on a new plant in Indonesia is also slated to commence within the next couple of months. Furthermore, given the strength of the Indian automotive component manufacturing ecosystem, the India project is also a key part of VinFast’s overall goal to strengthen its supply chain for global expansion.

Vietnam 52
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CATL accelerates overseas expansion as it outgrows China’s booming EV market

Baua Electric

The two new factories will be in addition to CATL’s plans for six overseas factories already announced: Germany, Thailand, Hungary, Indonesia, and two in the US (with Ford and Tesla). Robin Zeng, CATL’s president, is now in charge of the company’s overseas offensive. FTC: We use income earning auto affiliate links.

Market 52
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Despite challenges, India’s EV story likely to pan out, says BNP Paribas | Autocar Professional

Baua Electric

Indonesia is using its downstream resources (e.g., Government Support The report details the FAME India Scheme, a flagship program by the Indian government that offers subsidies for electric vehicles and charging infrastructure. “And then, in 2020, Covid led supply chain disruption hit globally.

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Britishvolt wants to build battery gigafactories around the world

Charged EVs

As EV sales grow, it is critical to establish local battery production and shorten supply chains. These are a couple of the questions Charged asked Britishvolt’s Richard LeCain, Director of Cell and Process Engineering, and Ben Kilbey, Director of Communications and Media. That must be a huge demand on the suppliers.

Building 126
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Electric Car Watch #11: Hyundai's Electric Car Plans for India

Plug In India

The electronics support both 400 V and 800 V charging and bidirectional charging. The platform can support fast charging upto 200 kW. Just to give you an idea, electric cars in India like Nexon EV charge at 25 kW whereas cars like MG can charge at 50 kW rate today.

India 52