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Tesla Model Y & Model 3 orders in Thailand skyrocket a few days after reservations open

Teslarati

Tesla reservations for its Model 3 and Model Y vehicles have been skyrocketing in Thailand. Tesla has received more than 5,000 Model 3 and Model Y orders since launching in Thailand. Last Wednesday, Tesla Thailand started accepting online reservations for the Model 3 and Model Y. It aims to deliver the vehicles by Q1 2023.

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

Baua Electric

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. BYD set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3.

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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. FTC: We use income earning auto affiliate links.

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Neta starts construction of its first overseas plant in Thailand, with planned annual capacity of 20,000 units

CN EV Post

Neta is building the electric vehicle assembly site with Thailand's BGAC and expects it to start production by the end of January 2024. Neta laid the groundbreaking for its plant in Bangkok, Thailand, on March 10, which will be its main manufacturing base for right-hand drive EVs for export to ASEAN, the company said today.

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BYD plans to launch Tesla Cybertruck competitor in 2024

Teslarati

According to the Chinese company’s announcement, it has developed a midsize-to-large pickup truck for the global market. BYD will probably launch its electric pickup truck in other markets that are interested in pickup trucks, including Thailand. She added that BYD does not have plans to enter the United States.

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Toyota to launch electric Hilux pickup by 2025 as Japanese rival aims to beat it to market

Baua Electric

According to the company’s Thailand president, Toyota will launch an electric Hilux pickup by the end of 2025. Speaking to reports during the Bangkok International Motor Show, Toyota Thailand president Noriaki Kamashita said the Hilux EV would be ready by the end of next year. An all-electric Toyota pickup may be closer than expected.

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BYD Chairman forecasts falling profit margins in 2024

Teslarati

According to the China Passenger Car Association’s (CPCA) Secretary General Chi Dongshu, China’s auto sector’s profit margins have fallen to 4.3% Based on the CPCA Secretary General’s numbers, BYD might not be the only Chinese automaker to see falling profit margins. BYD hopes to ensure stable profitability by improving sales.

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