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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. Kia revealed a new EV lineup at its first EV Day in October.

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Kia set to export this all-electric SUV at a price that undercuts Tesla

Electrek

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, which is the best-selling SUV in the country. A global launch is set for next year, but will that include the US?

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Kia set to export this all-electric SUV at a price that undercuts Tesla

Baua Electric

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. A global launch is set for next year, but will that include the US?

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BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

In the last three months of the year, the Chinese automaker overtook Tesla as the largest global EV maker as it expanded the brand. 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. billion (31.5

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Mitsubishi Mirage to Be Discontinued by 2025

The Truth About Cars

Mitsubishi said it will introduce nine new electrified models globally during the next five years and plow $10 billion into electrified vehicles and battery production through 2030. It’s one of the brand’s biggest markets and it’s also a source of relatively cheap labor — ensuring the Mirage can be a competitively priced global product.

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BYD upgrades Tang electric SUV with more range to rival Tesla’s Model Y

Baua Electric

Despite this, BYD overtook Tesla as the top global EV maker in the last three months of 2023. 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. BYD Tang EV (Source: BYD) BYD is giving its Tang a bigger battery.

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JATO: 2018 record year for EVs; sales up 74% to 1.26M units; overall market stable, as SUVs rule

Green Car Congress

of total global sales). It was one of the highest increases among all car categories on the global market, which can be explained by several factors, JATO said. Overall, 2018 marked a somewhat challenging year for the global car market, as sales fell for the first time since 2009, logging 86.01 million units. million sales.

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