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Kia mulls EV plant in Thailand to take on Toyota and BYD with affordable electric cars

Baua Electric

MARCH 6, 2024

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

Baua Electric

JANUARY 29, 2024

BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. Although BYD has established itself as a low-cost EV maker, it’s expanding into new segments. It even outsources its batteries to Tesla, Toyota, Hyundai, Kia, Ford, and several others. billion (31.5 billion yuan).

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