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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. BYD brands at the Bangkok International Auto Show (Source: BYD) New EVs, including the Song Max, Sealion ( Sea Lion 07 in China), Song Plus (Seal U), Yangwang U9 supercar, and the Fang Cheng Boa 5, made their debut in Thailand.

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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. Get started here.

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

Baua Electric

BYD can offer low-cost EVs, like the new Seagull , starting under $10,000 (69,800 yuan) and still make a profit. Its next-gen DM-i system will enable an even more range at a lower cost. As new electric cars roll out in China, BYD sees joint venture brands (overseas automakers) market share falling from 40% to 10%.

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