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

Baua Electric

The fully electric BYD Atto 3 SUV was the top-selling electric model, with over 19,200 units delivered. Once up and running, BYD’s new plant in Thailand is expected to build 150,000 EVs a year. Ford’s CEO Jim Farley called the low-cost EV “pretty damn good,” warning the competition of incoming Chinese electric cars.

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Audi is the latest automaker to reveal plans for a lower-cost EV

Baua Electric

Audi plots a new lower-cost EV, an electric A3 or Q3 After unveiling the new Q6 e-tron this week, its next-gen premium mid-size electric SUV, Audi, is planning a smaller, lower-cost EV. The American automaker is developing a new low-cost EV platform to underpin a smaller electric pickup and SUV.

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China’s Chery to set up shop in Europe

Baua Electric

It’s all part of the Chinese brand’s ambitious plan to set up three brands in Europe and launch three new models for each brand, all by 2026 – yet, unfortunately, Chery wants to bring ICE vehicles along with its low-cost EVs, including a luxury gas-burning SUV brand that it already sells in China.

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BYD says EVs have entered the ‘knockout round’ with next-gen tech rolling out

Baua Electric

Let the “liberation battle” begin After declaring a “liberation battle” against gas-powered cars earlier this year, BYD, or Build Your Dreams, is putting pressure on overseas rivals. By building nearly all vehicle components, including batteries, in-house, BYD has a major advantage over rivals. Its main target is gas-powered vehicles.

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