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

Electrek

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.

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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. The ball is in their court.”

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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.

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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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IHI and Hyundai WIA form turbocharger JV in South Korea

Green Car Congress

IHI Corporation and Hyundai WIA Corporation, a major automobile parts manufacturer and a major subsidiary of Hyundai-Kia Motor Group, have entered a joint venture agreement for turbochargers. Market demand continues to grow in line with new down-sized engines and government regulation for fuel consumption and exhaust emissions.

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

Baua Electric

After dominating its home market and the world’s largest for EVs, BYD is quickly expanding overseas. 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 billion yuan).

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Mitsubishi Mirage to Be Discontinued by 2025

The Truth About Cars

With so much of the market swapping to electrified products and/or dumping small cars in favor of larger vehicles boasting juicer returns for the manufacturer, Mitsubishi’s decision to ditch its infamous econobox is a predictable one. It may be the cheapest car money can buy on our market but it’s aging poorly.