Baua Electric
MARCH 6, 2024
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. Kia revealed a new EV lineup at its first EV Day in October.
Baua Electric
APRIL 4, 2024
South Korean automaker Kia has started production on its all-electric EV5 SUV for export in China, with the first markets targeted being Thailand and Australia, with Australia’s price expected to undercut Tesla’s Model Y. Kia’s top seller in Australia is the Sportage hybrid SUV with around 15,000 sales.
Baua Electric
JUNE 6, 2024
The new factories come in addition to the six already planned in Germany, Thailand, Hungary, Indonesia, and two in the US. BYD store in Thailand (Source: BYD) BYD’s battery installations hit 33.2 With the refreshed Hyundai IONIQ 5 and Kia EV6, equipped with SK’s fourth-gen batteries rolling out, sales are expected to recover.
Baua Electric
JANUARY 29, 2024
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. Source: Bloomberg / BYD FTC: We use income earning auto affiliate links. billion (31.5 billion yuan).
Baua Electric
JANUARY 26, 2024
It’s already a leader in Thailand, Brazil, and Columbia. BYD, which started as a battery maker, even outsources its batteries to Tesla, Toyota, Ford, Kia, and others. Source: Automobilwoche FTC: We use income earning auto affiliate links. Electrek’s Take BYD aims to gain market share in key overseas markets.
Green Car Congress
JANUARY 3, 2012
Polk predicts Toyota and Honda, respectively, will realize the greatest amount of market share growth in 2012 as they begin to win back some lost share from their 2011 inventory shortages following natural disasters in Japan and Thailand.
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