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

Baua Electric

BYD is now set to begin production at its new EV plant in Thailand in the third quarter as it looks to accelerate overseas sales. BYD set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3.

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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. Kia’s top seller in Australia is the Sportage hybrid SUV with around 15,000 sales.

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SUVs became the largest and fastest-growing automotive segment in 2015; up 22% from 2014

Green Car Congress

Global sales of SUVs surged 22% in 2015, supporting an overall increase in global sales of light vehicles of 1.7% in 2014-2015, according to data released by global market research company Euromonitor International. SUVs overtook lower medium cars to become the largest automotive segment in 2015, accounting for 22.9%

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BYD would still have the cheapest EV in the US, even with a 100% tariff

Baua Electric

After discontinuing the production of vehicles powered entirely by internal combustion engines in March 2022, BYD has been at the forefront of the industry’s shift to EVs. BYD’s new EV plant in Thailand opened on July 4. Electric vehicles accounted for over 50% of passenger vehicle sales in China in July.

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Toyota to increase production capacity in Indonesia

Green Car Congress

Toyota began import and sales activities in Indonesia in 1971, marking 40 years of. International Multi-purpose Vehicle) Project, production of the “Kijang Innova” minivan. began in 2004 and was followed by the “Fortuner” SUV in 2005, making Indonesia an. billion (US$202 million) and plans to hire new employees.

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BYD is now shipping its own EVs as first cargo ship heads to Europe

Baua Electric

After overtaking Tesla in global EV sales in the last three months of 2023, BYD looks to continue its expansion. China International Marine Containers Group (CIMC), which built the vessel, announced the news on WeChat Wednesday. BYD is already a leader in key auto markets like Thailand , Brazil, and Columbia.

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Ford opening 66 more new dealerships in China by end of year; Asia-Pacific growth plans

Green Car Congress

The new dealerships will be located throughout Ford’s sales regions in China, in cities such as Liyang, Shijiazhuang, Harbin, Wanzhou in Chongqing and Anyang. Ford is introducing the new Edge SUV to China in mid-December. Ford is aggressively expanding in Thailand as well.

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