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Tesla is opening a flagship store in Thailand: report

Teslarati

Tesla is set to open a flagship store in Bangkok, Thailand, as early as June. The opening of the flagship store comes as Tesla is looking to accelerate its electric vehicle sales in Thailand. This was a bit higher than comparable Chinese models that are offered in the 1 million baht range.

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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. A large market of 10 million vehicles.

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BYD begins construction of Thailand plant with annual capacity of 150,000 units

CN EV Post

On March 10, BYD held a groundbreaking ceremony for the plant in Thailand, and the delivery ceremony for the 10,000th BYD Atto 3. BYDDY.US | BYD HK BYD began construction of its passenger car plant in Thailand, as it reaches a milestone in deliveries there. billion baht ($491 million) electric vehicle production project.

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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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Foxconn tied up with Thailand’s PTT for making electric vehicles

Electric Vehicles India

Foxconn tied up with Thailand’s PTT for making electric vehicles. Taiwan’s Foxconn has announced a partnership with Thailand’s government, a state-run energy group PTT PCL to manufacture electric cars in Thailand. Let us read further about Foxconn tied up with Thailand’s PTT. .

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BYD plans to launch Tesla Cybertruck competitor in 2024

Teslarati

BYD plans to launch an electric pickup truck to compete against the likes of the Tesla Cybertruck and the Ford F-150 Lightning. According to the Chinese company’s announcement, it has developed a midsize-to-large pickup truck for the global market. She added that BYD does not have plans to enter the United States.

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BYD Chairman forecasts falling profit margins in 2024

Teslarati

BYD Chairman Wang Chuanfu forecasts falling profit margins in 2024 but remains confident that the company will maintain stable profitability. Based on the CPCA Secretary General’s numbers, BYD might not be the only Chinese automaker to see falling profit margins. The company is aiming for a 20% sales growth this year.

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