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

Baua Electric

Although BYD launched its Tang EV in Norway in 2020, the electric SUV began rolling out in Germany, the Netherlands, and other major European markets last year. BYD announced Tang EV pre-sale prices of 72,000 euros ($78,000) in September 2022. BYD looks to keep the momentum going this year with an upgrade to its Tang electric SUV.

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

Baua Electric

BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. BYD Atto 3 (Source: BYD) The company, which started as a battery maker, is expanding the brand with affordable EVs like the Dolphin electric hatch and Atto 3 (Yuan Plus in China) SUV. However, the starting price is over $150,000 (1,098,000 RMB).

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Too little, too late? Why the Toyota HiLux EV concept only shows how far the brand is behind Tesla and BYD

EV Central

Locally, Toyota has yet to even put a BEV on-sale and, of course, it makes a fortune out of CO2 and particulate-emitting diesel SUVs and utes. There are no concrete production plans and the only pricing being mooted is the $1 million it probably cost to build it. As its name states, this is a concept.

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